According to PropertyCasualty360.com, when the news of Trump's victory broke, financial markets around the world took a nosedive, with trading in S&P Futures halted in the early hours of Nov. 9. Gold prices, long seen as a safe haven for investors, rose. The financial markets rebounded, with the Dow briefly reaching an historic high of 18,647 at 3:20 p.m. ET, closing at 18,589 — providing a glimmer of hope for insurers who have for too long been beset by pitiful investment returns.

 
Yet the biggest question still on everyone’s mind is: “Now what?”
 
PropertyCasualty360.com has compiled the views of several Property & Casualty insurance industry experts on what a Trump presidency — along with a Republican-controlled Congress — could mean for purveyors of P&C insurance, at least in the short term.
 
"With this election finally over, it is time to put the interests of the entire country first," the Alexandria, Virginia-based National Association of Professional Insurance Agents said in a statement, acknowledging the divisiveness of the 2016 campaign.
 
Leigh Ann Pusey, President and CEO of the Washington-based American Insurance Association, said in a statement, "With the election of Mr. Trump as President, Republicans now control both chambers of Congress and the White House. The combination gives us hope that the legislative log jam can be broken.

"The property-casualty industry looks forward to working with the upcoming 115th Congress on significant issues of legislative and regulatory importance," Pusey continued. These include reforming and obtaining a long-term reauthorization of the National Flood Insurance Program; passing comprehensive tax reform that respects the fundamental structural and regulatory differences between insurers and other financial services industries; and finding a solution for insurers that addresses the need for a uniform approach to cybersecurity, she said.
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According to Michael Trilli, a senior insurance analyst at Boston-based research company Aite Group, a less regulation-focused administration will allow more opportunities for growth in business, providing carriers more opportunities to underwrite business.

At Suburban, we hope more opportunities will mean more competition – which ultimately will benefit the consumer. Contact us with any questions about your policies or for more information.
 
Click here to read the entire article from PropertyCasualty360.com.

Insurance is a complicated topic and with so many resources online, it’s often difficult for consumers to find key information such as insurer rate comparisons and complaint data.
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Here's help: In their latest analysis, personal finance website NerdWallet looked at insurance departments across the country, evaluating their online offerings and how helpful their websites are to consumers in their communities.

According to the analysis, The State of New Jersey Department of Banking and Insurance website was ranked in the “Top 20.” It provides auto premium comparisons and complaint information using recent 2015 data. The site also offers information on life, health and homeowners (including renters) insurance, as well as advice on consumer protection.

The department's consumer helpline answered an auto insurance question in just one minute. New Jersey also scored well for consumer education resources, too, though many of those resources were not state-specific.
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Suburban recommends this website as a valuable resource to assist our New Jersey clients. And we’re proud of the “Top 20” ranking it received.

Please contact our office at any time if you have questions about insurance.