Who took over Commonwealth insurance?

Asked by: Queenie Murphy  |  Last update: February 11, 2022
Score: 4.1/5 (66 votes)

The Massachusetts Division of Insurance has issued its approval of the acquisition and control of the Commonwealth Annuity & Life Insurance Company and the First Allmerica Life Insurance Company by KKR Magnolia Holdings, LLC.

Who bought Commonwealth insurance?

London-based Accelerant Holdings , an underwriter serving a network of Member MGAs in Europe and the UK, announced the acquisition of Commonwealth Insurance Company of America (“CICA”) from Brit Group, a subsidiary of Fairfax Financial Holdings Limited .

What kind of insurance is Commonwealth?

Types of coverage

Commonwealth's car insurance coverage is limited compared to what you might find with a larger, national insurer. However, Commonwealth offers all the standard auto insurance coverage types, including liability, comprehensive, collision, medical payments and uninsured/underinsured motorist coverage.

Where is Insurify located?

Insurify is an American insurance comparison shopping website headquartered in Cambridge, Massachusetts.

Who does accident forgiveness?

Allstate: Allstate accident forgiveness is an add-on. This option offers discounts to drivers with safe driving records. You can also receive a discount for every six months you go without having an accident.

How We Learn CommonWealth

34 related questions found

Will my insurance go up if someone hits me?

Naturally, most injured victims that contact our firm want to know about the financial consequences of the collision. A common question that potential clients ask us when they call is whether their car insurance rates will increase as a result of the collision – even if they weren't at fault. The answer: no.

Does accident raise insurance?

Accidents that you cause will almost always raise your insurance price. Typically, insurers will charge more for accidents that were your fault. In certain states, however, your insurer may not raise your rate for an accident if the damage is under a certain dollar amount.

Is Insurify any good?

Is Insurify legit? Insurify is a legitimate and well-established insurance agent with an A+ rating from the Better Business Bureau and partnerships with dozens of America's top insurers.

Who owns Insurify?

Snejina Zacharia - Founder and CEO - Insurify.com | LinkedIn.

Is Insurify an insurance company?

Insurify is an online insurance marketplace that helps users compare insurance quotes from a number of different companies. Based in Cambridge, Massachusetts, the company officially launched its website in 2016.

What is the Commonwealth mean?

Definition of commonwealth

1 : a nation, state, or other political unit: such as. a : one founded on law and united by compact or tacit agreement of the people for the common good. b : one in which supreme authority is vested in the people. c : republic.

What are the commonwealth's in the United States?

There are four states in the United States that call themselves commonwealths: Kentucky, Massachusetts, Pennsylvania, and Virginia. The distinction is in name alone. The commonwealths are just like any other state in their politics and laws, and there is no difference in their relationship to the nation as a whole.

How do I cancel my Commonwealth car insurance?

Please phone us on 13 4074 with any enquiries. Please use this form to reduce or cancel your insurance cover by completing and signing the form and returning it to Essential Super. If you want to reduce your insurance cover, please complete Sections 1 and 2.

What companies does Insurify work with?

What insurance companies does Insurify partner with?
  • Farmers.
  • Travelers.
  • Nationwide.
  • Liberty Mutual.
  • MetLife.
  • AAA.
  • USAA.
  • Geico.

What is collision insurance on a car?

Collision coverage helps pay for the cost of repairs to your vehicle if it's hit by another vehicle. It may also help with the cost of repairs if you hit another vehicle or object. That means you can use it whether you're at fault or not. Unlike some coverages, you don't select a limit for collision.

How do I find my auto insurance credit score?

You can find out your auto insurance score by requesting it from LexisNexis or contacting your insurance company directly. If they don't offer your score directly, your insurer may provide you with a reference number to use if you call LexisNexis.

Which is better Insurify or zebra?

Both companies also feature favorable customer reviews; Insurify currently boasts a 4.3/5 Google customer satisfaction rating based on 262 reviews, while The Zebra has a slightly lower 4.2 rating, out of 147 reviews.

Does Insurify sell your information?

Insurify will not sell your personal information to spammers. ... We're not in the business of making a quick buck from your information. Instead, we deliver real prices directly from insurance companies.

Can I get a life insurance quote without giving my phone number?

If you've ever wondered how much personal information you need to divulge for a life insurance agency to give you a personalized quote, the answer may surprise you: none. You might wonder why an organization needs to know your name, your address or phone number in order to give you an accurate quote.

How much will my insurance go up after an accident not my fault?

Generally, a no-fault accident won't cause your car insurance rates to rise. This is because the at-fault party's insurance provider will be responsible for your medical expenses and vehicle repairs. If your insurer doesn't need to fork out money, your premiums won't go up.

How much does your insurance go up after a claim?

Car insurance premiums increase an average of 46% after an accident with a bodily injury claim, according to an analysis of national rate data. Accidents with extensive property damage — $2,000 or more — can raise rates even more than that.

How much will my insurance go up with an at fault accident?

Car insurance rates go up an average 42% after an at-fault accident, according to QuoteWizard research. That's just an average, though. Depending on various factors, your car insurance rates may not increase at all after an accident — or they might double.

Do I need to tell my car insurance if someone hits me?

Yes, you need to declare all accidents that you're involved in, regardless of who, or what, was at fault. Pretty much all insurance providers will have a clause in their policy requiring you to declare any incidences you're involved in while driving in the past 5 years.

Should I call my insurance if it wasn't my fault?

Yes, you should call your insurance company if you were in a car accident that was not your fault. ... First, your insurance company may require you to contact them as outlined in your policy. Second, you may discover available coverage to help you with your damages, even if the accident is not your fault.

Do I have to pay my excess if someone hits me?

You won't have to pay your excess when someone else claims against you. If you've got third party only (TPO) insurance, you won't have to pay an excess either. That's because your losses aren't covered and, when someone claims against you, your insurer covers it.