Wednesday, November 16, 2011

Ohio-based Dumbaugh Insurance Agency Taken Over by Pennsylvania-based Keystone Insurers Group




Northumberland, Penn.-based keystone insurers Group has added a new franchise partner in Mount Vernon, Ohio. Dumbaugh Insurance Agency has become Keystone’s 28th franchise partner in Ohio.

Keystone stated that through the new partnership, Dumbaugh Insurance Agency will now have more resources of a large brokerage firm and yet still remain independently owned and managed.


The 72-year old Dumbaugh Insurance Agency offers personal, commercial and employee benefit products in seven states.

A group of independent agencies founded Keystone Insurers Group in 1983, 28 years ago.  It is owned by several franchise partners and employees in Pennsylvania, North Carolina, Virginia, Indiana, Ohio, Kentucky and Tennessee. Each of these partners is an independent agency.
In 2003, Keystone expanded outside of Pennsylvania into the state of North Carolina. Due to its success, KIG further expanded to Virginia in 2005, and to Indiana in 2006. KIG has very aggressive plans for expansion into several other states.
Today, Keystone continues to prosper through maximizing its sales volume. It attains this by enhancing business reputations in their communities by means of adding services that stand alone Independent Insurance Agencies are unable to duplicate.

Keystone, with its property/casualty premiums exceeding $1.4 billion, ranks fifth on Insurance Journal’s 2011 list of privately-held property/casualty agencies.

Friday, November 11, 2011

Cybersurance for Small Businesses – Utica National

In a span of five years between 2005 and 2010, an estimated value of 350 million cases were reported because of information rupture and data breaches alone. The figure covers reports on data, privacy and security infringement by cyber-criminals circulating in the web, accessing sensitive and private information of companies, as well as data exposure from stolen laptops, thumb-drives, flash disks and other mobile data storage devices.


The Utica National Insurance Group is a dynamic insurance organization which caters a wide range of top quality commercial and personal coverage. The firm is well recognized for its various specialized markets which include coverage for the Graphic Communications industries, and Errors and Omission coverage for insurance agents and brokers.

Utica National Insurance Group, together with its independent insurance agents representing the firm recently launches coverage for small businesses in cases of a data, privacy or security breach. The company introduces to the insurance market its new Cybersurance endorsement. This will give protection and security to businesses comprised of 25 employees or even fewer on commercial package policies (CPP) and business owner policies (BOP). The coverage is also made available for independent online car insurance agents themselves by means of Utica’s Agents’ error and omission insurance program.

Together with Identity Theft 911, a consultative provider of risk management risk of identity and data, resolution and education services, Utica National tied partnership to provide businesses with services regarding threats on data breaches which covers services before, during and after a breach. These advantages include incident response planning, breach severity assessment, assistance with notifications and meeting federal and state regulatory requirements. All of these protect the business as well as the consumers.

Matt Cullina, the Chief Executive Officer of Identity Theft 911, said that cyber targets no longer attack influential and big businesses because cyber-criminals can penetrate easier on the system of small and midsized companies which are unprepared and unprotected.

Wednesday, October 12, 2011

New Auto Insurance Bill Signed by Governor Scott Walker

A bill that undoes higher coverage requirements approved by Democrats less than two years ago which would now result to lower car insurance has been signed by the governor of Wisconsin.

This undoing of higher coverage requirements was one of the agenda promised by Republicans during the campaign trail last fall during which they won back majority control of both the Assembly and the Senate.

Briefly after signing the bill and in the front of more than twenty lawmakers, including Rep. Jason Fields, who supports the bill, Gov. Scott Walker exclaimed, “this is one more step in empowering consumers across the state of Wisconsin.” The measure was supported by two parties of the Legislature.


Both state insurance regulators and the insurance industry blamed the inflation of rates to the changes instituted in 2009 on the Democrats. The democrats in turn insisted that the inflation was not caused by higher coverage levels but instead by insurance companies themselves.

Representing insurance companies, Wisconsin Insurance Alliance supports the newly approved bill. The representatives of trail attorneys, Wisconsin Association for Justice, however disaccords the bill, in fear that insurance companies will only lower coverage but not their rates. Furthermore, the inflation of rates was deemed essential as there has been no inflation in insurance rates during the past twenty years.
The bill keeps insurance coverage mandatory, but the required minimums would drop. To illustrate, liability minimums for injury/death to a single person which is $50000 will reduce to $25000; injury/death to two people which is $100000 will reduce to $50000; and finally, damage to property which is $15000 will drop to $10000.

In accordance with today’s laws, all auto insurance policies are required to include underinsured coverage. This coverage, which was optional before, would be utilized when the driver at-fault has lower liability limits than the reparation costs caused by an accident. Although the bill signed by the governor still keeps this coverage compulsory, required rates per person have now been reduced by 50%, from $100000 to $50000, and required rates per accident have reduced by 66.67%, from $300000 to $100000.

In addition, the bill, which will take effect on November 1, forbids a practice recognized as “stacking”. This custom allows the motorist at-fault in an accident with a covered vehicle to utilize the uninsured and underinsured coverage from up to three other vehicles to cover damages.

Sunday, September 18, 2011

Cheap Auto Insurance Program Upheld by Nevada Assembly


Breaking news for our Nevada drivers, the Nevada Assembly supported a bill to execute a cheap auto insurance pilot program, with evaluation on motor vehicle accountability policies backing up the operation and promotion of the insurance pilot program.

Drivers who have purchased vehicles worth twenty thousand dollars and falls below the federal poverty line are able to meet the requirements as they have been set as standard of the low-cost car insurance pilot program.

At present, the state law mandates all vehicles to have $15,000 insurance coverage per person, $30,000 bodily injury coverage for 2 or more people per accident, and property and casualty damage coverage of $10,000 per accident.

The Assembly Bill 299 implies lowering the requirements of the cheap auto insurance policy, as a result, $10,000 coverage per person that has been injured or died at the moment of the collision, $20,000 coverage for 2 or more persons injured per accident, & $3,000 coverage for property damage per accident.

As mentioned, it is also the Commissioner’s duty to ensure that the rate has ample amount to cover losses under the pilot program.