Insurers are experimenting with new technology that tracks how many miles you drive, your driving patterns and other nuances in how you drive, in order to price policies and offer discounts. 

As part of the process, insurers will typically require that policyholders download an app that will use the phone's GPS system and location-tracking to generate a picture of how the policyholder drives.
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Many of these apps will rate your driving and good drivers can earn discounts and rewards for safe driving, based on the data collected by the app.

'While employers try to ensure their employees are provided a safe workplace by reducing the chances of accidents and injuries, it's important not to overlook employee stress. 
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Too much stress or too many responsibilities can greatly increase employees’ chances of not only burnout, but also making costly mistakes. A worse-case scenario is that if they are engaged in more labor-intensive occupations, too much stress can lead to accidents.

Coinsurance clauses, commonly found in a builder’s risk completed value policy, involve the policyholder becoming a co-insurer of the risk of loss with the insurer. In other words, certain conditions may result in the insurance company not paying the total amount of loss, thereby leaving the policyholder to bear the remainder. The insured and the insurer jointly assume the risk.
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The benefit of buying an insurance policy with such a clause is that the policyholder will usually have relatively low premiums compared to other similar policies that don't contain a coinsurance clause. That said, anyone considering a coinsurance clause should understand what it entails and requires, so they are not taken by surprise with penalties if a loss should occur.

With homeowner's insurance rates on the rise, you may be looking for ways to reduce your annual premium without skimping on coverage. After all, a large portion of your net worth resides in the same place as you do.
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But there are a number of strategies you can use to chip away at your overall annual premium.

Molyneaux’s 19th Annual Trumps & Tricks Euchre Fundraiser will be held November 7, 2019, in the Starlite Ballroom at the Mississippi Valley Fairgrounds.
 
Have fun and create  memories while supporting our community! Since 2000, Trumps & Tricks has raised over $272,000 for local charities. Proceeds from the 2019 event will benefit Child Abuse Council and One Eighty.

Your support of Trumps & Tricks is instrumental in the success of this charity event, but spots fill up quickly. Download the 2019 invitation here.

Date: Thursday, November 7, 2019
Location: Mississippi Valley Fairgrounds, 2815 W Locust Street, Davenport, Iowa
Time: 5:30 PM – 9:00 PM
Cost: Individual entry for the event is $35.00

Gift certificates are awarded for 1st, 2nd, 3rd, and lowest score! There will also be raffle packages and a 50/50 drawing.
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Trumps & Tricks is more than a euchre tournament – it’s an opportunity to come together and support Child Abuse Council and One Eighty. Contact euchre@molyneaux.com or (563) 324-1011 with any questions. 

When you have business insurance policies you will often hear the terms “insurance binder” and “certificate of insurance,” but do you know the difference?

A binder is a contract of insurance. It's called a binder because it "binds" your coverage and creates an insurance contract and is used temporarily until the policy is issued.
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A certificate of insurance is a form of proof of insurance warranting that you have coverage for a specific period.

More and more employers are being overwhelmed by all of the compliance requirements associated with managing employee benefits.  

The Guardian Life Insurance Company of America's "Benefits Balancing Act" study found that 60% of employers are feeling overwhelmed with the increased complexity of managing their benefits programs. One of the main reasons for the additional burden is the Affordable Care Act, with its myriad of compliance and reporting requirements.

The employer mandate and the documentation and new filing requirements with the IRS are high on the list of compliance issues, as are evolving Family Medical Leave Act (FMLA) and ERISA requirements. 

​Dan Molyneaux, Jr. was recently was recognized for 25 years of professionalism and service excellence representing Westfield Insurance.  A leading independent insurance agent, Dan has represented Westfield since 1993. Westfield presented Dan with a  commemorative statuette to honor this milestone. 

Nonprofits usually have a certain demographic that they serve. Often the allure of a nonprofit organization is that it attracts like-minded individuals that have a passion for the cause that the nonprofit works on. And the most passionate of these individuals often become board members. 

At that point, they also enter a world of new liability should they be sued for malfeasance or making a decision that ends up affecting a third party or constituent of the organization. Any number of circumstances can lead to legal action that threatens both their financial security as well as that of the not-for-profit organization they work for.