Arizona Auto Insurance Quotes
Enables Online Auto Insurance Company to Easily Deliver High-Quality
Video Content to Media Center
Esurance is dedicated to improving the way people shop for, buy, and
manage their auto insurance. Over the past 10 years, Esurance has sold
more than 1.6 million auto insurance policies, and insured more than 2.3
million drivers. In addition to hassle-free auto insurance, Esurance is
also known for its unique use of animation in its advertising, featuring
the iconic cartoon secret agent, Erin Esurance.
“We were looking to streamline the way customers view video on our
site,” said Lisa Ward, Director of Customer Experience at Esurance.
“Ooyalas platform enables us to provide customers with a robust
selection of their favorite Esurance commercials. We are pleased to be
working with Ooyala and look forward to growing the offerings of our
media center.”
“We are excited to work with Esurance to support their online video
initiatives,” said JR Becko, Director of Sales at Ooyala. “We look
forward to supporting the growth of Esurances media center with our
technology.”
HAMILTON, Bermuda — CRM Holdings, Ltd. (”CRM” or “the Company”) (Nasdaq: CRMH), a specialty
provider of workers compensation insurance products, announced results
for the fourth quarter and year ended December 31, 2009.
In the fourth quarter of 2009, the Company incurred a net loss from
continuing operations of $19.0 million, or $(1.13) per diluted share. In
the same quarter of the prior year, the Company incurred a net loss from
continuing operations of $6.2 million, or $(0.38) per diluted share.
Unless otherwise stated, all further results discussed in this release
refer to continuing operations for 2009 and results on a comparable
basis for 2008.
Total revenues in the fourth quarter of 2009 were $27.2 million,
compared to $30.3 million in the same quarter of the prior year.
Underwriting actions taken on business written by Majestic Insurance
Company (“Majestic”), the Company’s primary insurance provider, in the
states of New York and New Jersey, reduced net earned premiums by $3.0
million. Decreases in the Company’s net earned premiums and fee-based
management services were offset by increases in investment income.
Investment income during the quarter increased to $6.7 million from $4.6
million in the fourth quarter of 2008, as the Company realized gains on
its portfolio of fixed income securities. Excluding the benefits of
realized capital gains in both periods, interest income earned was $2.3
million in the fourth quarter of 2009, compared to $3.0 million in the
same quarter a year ago, a reflection of lower prevailing interest rates
in 2009.
Total underwriting expenses for the fourth quarter increased to $33.2
million from $28.2 million a year ago. This increase primarily resulted
from higher current year loss and loss adjustment expenses at Majestic
on policies underwritten in California, where paid and incurred losses
recorded in the first three quarters of 2009 developed worse than
expected. For the fourth quarter of 2009, the Company’s overall loss
ratio was 151.7%, compared to 101.6% for the fourth quarter of 2008.
Leading fleet insurance specialists Staveley Head have welcomed the news that the Government is planning to introduce a new NVQ-style driving qualification aimed at fleet operators. It is believed that this could lead to more rigid training and qualification and could also generate better road sense and awareness, in turn reducing accidents. In time, it is hoped that this training will also help to reduce fleet insurance and maintenance costs.
The move has received widespread support within the industry. Responding to a survey by RoadSafe, a total of 86% of fleet bosses gave their backing to the idea. Whilst the Department for Transport suggests that vocational driving qualifications should only be taken by van drivers, around two thirds of those questioned stated that they would like to see the qualifications become a requirement for all drivers.
Other findings of the survey revealed that over three quarters of fleet bosses currently include driver training as part of their occupational risk strategy. However, only 43% of those questioned believe that other measures such as fitting vehicles with speed limiters was a good idea.
Staveley Head have over 15 years experience as insurance brokers to some of the UKs largest commercial fleets. Providing cover from a panel of leading insurers, including Zurich, Allianz and Aviva means that the firm can offer the most appropriate cover for clients, at the most affordable prices. A spokesperson for the firm commented on the new driving qualification proposals by saying:
“These proposed measures are a step in the right direction in improving the quality of the nations driving practices. This will not only help to make our roads safer, it will also contribute to reduced fuel, maintenance and insurance costs, which are a welcome boost at a time when so many businesses in the industry are struggling.”
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