| West Bend Mutual Insurance Modernizes Enterprise Communications Technology with Thunderhead NOW
West Bend Mutual Insurance Company in West Bend, WI, a property and casualty company offering homeowners, auto and business insurance, has selected Thunderhead NOW, Thunderhead's enterprise communications platform, in its quest to upgrade, yet easily integrate, the company's existing technology with a single document-generation solution. Serving approximately 175,000 policyholders in Central US, West Bend's deployment of Thunderhead NOW will automate document generation for the company, ensuring maximum efficiency and time-savings, while reducing cost. Thunderhead's easy integration with workflow and business process management (BPM) and enterprise content management (ECM) software, made it the product of choice to support West Bend's output of more than one million pages annually. Thunderhead's one-platform-for-all communications approach enables business users to manage personalized customer communications, improving time-to-value and customer retention.
Over $43 million in insurance claims after SC storms
Homeowners, business owners and car owners are still filing insurance claims more than a week after the tornadoes and hail damage moved through South Carolina. More than 11,000 insurance claims have been reported to insurance companies as a result of the recent storms. The total estimated insured property damage is now more than $43 million. The average claim amounts are ranging from $3,000 to $5,000 on homeowners' insurance claims. The survey, conducted by the South Carolina Insurance News Service, included data from insurance companies that do business in South Carolina representing approximately 70% of the market.
In order to prepare for the next storm, the SCINS recommends you speak with your insurance agent or company about your insurance policy to make sure your home is insured properly.
Automobile Assocation lowers homeowners' insurance rates
California State Automobile Association will reduce its homeowners' insurance rates by an average of 10.6 percent starting Aug. 1, marking the motor club's first overall home insurance rate decrease in more than 20 years. California insurance regulators approved the rate decrease Friday. About 500,000 California policyholders -- most of them are in Northern California -- will save an average of $100 per home policy, AAA spokeswoman Jenny Mack said. The insurer is lowering homeowners' rates because its loss experience has changed and it needs to have competitive rates, she said. .
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