Latest news with #Amica
CNBC
24-05-2025
- Business
- CNBC
Best homeowners insurance in Illinois in 2025
Homeowners insurance in Illinois costs an average of $2,149 a year for $300,000 worth of dwelling coverage, fairly close to the national average of $2,329. But not all policies are equal: Below, CNBC Select names the best options for homeowners insurance in the Prairie State in a variety of categories, including affordability, coverage options and optional add-ons. (Check out our methodology for more on how we made our choices.) The best way to estimate your costs is to request a quote Yes Allstate's homeowners insurance combines strong track records for customer satisfaction with affordability. While not available in all states, it is widely available across the U.S. It's also willing to work with homeowners who have unique needs like those with homes over 100 years old. Special features including unique homesharing coverage can help make your homeowners insurance policy even more useful. Who's this for? Allstate has some of the lowest premiums of the companies we reviewed for homeowners insurance in Illinois. It also offers a variety of discounts, including up to 25% for bundling home and auto insurance. Standout benefits: Allstate's HostAdvantage plan covers your property if you're renting it out on a homesharing platform like Airbnb or Vrbo. The best way to estimate your costs is to request a quote Not disclosed Yes Erie Insurance offers homeowner's insurance in 12 states, with unique features including gift card reimbursement if a retailer has closed, coverage for lost or damaged cash and precious metals and up to $500 for pets in a covered loss. Flooding, earthquakes, identity theft, high-value items (These can all be purchased as add-ons.) Who's this for? Erie's policies include replacement cost coverage, which means it will pay what it takes to rebuild your home, even if there's been depreciation or labor and material costs have risen. Standout benefits: Erie is one of the top-ranked providers for customer satisfaction on J.D. Power's surveys of homeowners insurance and the claims process. It also receives far fewer complaints that companies of equivalent size, according to the National Association of Insurance Commisioners complaint index. The best way to estimate your costs is to request a quote Not disclosed Yes Amica offers two tiers of homeowners insurance coverage — a standard policy and the brand's unique Platinum Choice homeowners insurance. The latter offers extended coverage for jewelry, liability and covers more situations than a standard homeowners insurance policy. Add-on options include computer coverage, sump pump backup coverage, and dwelling replacement coverage. Who's this for? Amica has add-ons that can make your policy more robust, like flood insurance and coverage for electronics and water backup claims Standout benefits: Amica homeowners policies are eligible for dividends, which can be given as a check or applied toward future premiums. Dividends average between 5% and 20% of yearly rates. The best way to estimate your costs is to request a quote Not disclosed Yes Chubb's Masterpiece plan includes extended replacement cost, water backup coverage and a cash settlement option Flood or equipment breakdown coverage (can be purchased as an add-on) Terms apply. Read our Chubb homeowners insurance review Who's this for? Chubb policies start at $1 million of dwelling coverage for homes with special features and can include liability coverage up to $100 million. Standout benefits: Chubb offers customers free risk-consultation sessions, which can help you understand threats to your home and choose prevention options. The best way to estimate your costs is to request a quote Not disclosed Yes Policy covers most weather-related damages, theft, vandalism, sudden and accidental water damage and mold. Also covers personal liability, personal belongings, dwelling and other structures and loss of use Flood insurance, water damage and mold that has built up slowly over time, high-value personal items Terms apply. Who's this for? Though only available to current and previous members of the armed forces and their families, USAA policies are among the lowest in the state. And while it's not officially ranked, it scored higher than any other company on J.D. Power's 2024 homeowners insurance survey. Standout benefits: Replacement cost coverage is standard with USAA, so you won't have to worry about depreciation eating into your payout in the event of a covered loss. The average homeowners insurance policy in Illinois is about $2,149 per year for $300,000 of dwelling coverage, according to Bankrate, or about $180 a month. That's slightly below the national average of $2,329 per year. Individual premiums will vary, however, based on your home's age, location and value, as well as your history of claims and other factors. There are several ways to lower your homeowners insurance premiums: Getting homeowners insurance from the same company that protects your car can save you up to 25% or more in annual premiums. Choosing a higher deductible for homeowners insurance typically means paying less in premiums. Be sure you can afford to meet the new deductible, however, if you need to file a claim. In most states, insurance companies can use your credit score to determine approval and rates. Raising you score a boost by paying bills on time and using less of your available credit can help lower your premiums. Insurance companies will offer different premiums for the same coverage. Get price quotes from at least three companies that issue policies in Illinois to see which offers the most bang for your buck. While every homeowner's needs are different, our top picks for homeowners insurance in Illinois are Amica, Allstate, Erie, Chubb and USAA, based on cost, customer service, coverage options and more. Homeowners insurance premiums are rising across the U.S. for a variety of reasons, including higher building and construction costs and an increase in the number and seriousness of natural disasters. According to our analysis, Allstate has the most affordable homeowners insurance rates in Illinois. However, prices can vary widely based on the size, age and value of your home, as well as your claims history and credit score. Get quotes from several companies to be sure that you've found the most affordable option for you. Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every insurance review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of insurance products. To research the best insurance companies, we compiled over 50 data points on more than a dozen insurance companies. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. CNBC Select analyzed more than a dozen companies that issue homeowners policies in Illinois, considering cost, coverage limits, endorsements, discounts and online incorporated customer satisfaction ratings from J.D. Power and the National Association of Insurance Commissioners complaint index, as well as financial strength ratings from A.M. Best. Average annual premiums came from Bankrate analysis of data from Quadrant Information Services for $300,000 of dwelling coverage for a couple with good credit and a clean claims history insuring a house built in also considered CNBC Select audience data when available, such as general demographics and engagement with our content and tools. Based on these criteria, our picks for the best homeowners insurance in Illinois are:
Yahoo
02-03-2025
- Business
- Yahoo
Welltower Announces Acquisition of Ultra-Luxury Amica Senior Lifestyles Portfolio for C$4.6 Billion and Formation of Long-Term Growth Partnership
TOLEDO, Ohio, March 2, 2025 /PRNewswire/ -- Welltower Inc. (NYSE: WELL) ("Welltower" or the "Company") today announced that it is under contract to acquire a portfolio of 38 ultra-luxury seniors housing communities and nine entitled development parcels, including a 31-property in-place portfolio valued at C$3.2 billion, from Ontario Teachers' Pension Plan for aggregate consideration of C$4.6 billion. The irreplicable and trophy portfolio is located within highly affluent neighborhoods in Toronto, Vancouver and Victoria. In conjunction with the transaction, Welltower also announced the formation of a long-term strategic partnership with Amica Senior Lifestyles ("Amica"), a preeminent seniors housing owner/operator of category-defining luxury communities with a long-term track record of substantial value creation through superior operational and development acumen. "We are delighted to announce the acquisition of the Amica portfolio, the highest quality senior housing portfolio in North America," said Shankh Mitra, Welltower's CEO. "These communities will join the top echelons of the Welltower portfolio, reflected by their location within the most desirable neighborhoods in all of Canada and ultra-luxe amenities and finishes. Against a backdrop of rapidly growing demand and limited new supply, we expect the portfolio to drive outsized revenue and cash flow growth in the coming years." Mr. Mitra added, "We are also excited to announce the establishment of a long-term partnership with the Amica management team. Amica Senior Lifestyles Co-founder, Robert Ezer, and CEO, Jens Cermak, share our vision on delivering a killer value proposition for residents through the offering of premium hospitality and care and providing a dynamic environment for site level employees to grow and thrive." The transaction includes 31 in-place properties comprised of 24 stabilized communities and seven recently opened properties still in lease up. The in-place properties are being acquired at a substantial discount to estimated replacement cost. The stable Amica assets have exhibited significant pricing power with RevPOR growth even outperforming Welltower's overall SHO portfolio over the past five years. Welltower and Amica have paved the path for a significant future expansion of Amica's ultra-luxury, higher acuity product within their target Toronto, Vancouver, and Victoria neighborhoods through a long-term strategic partnership and Amica's continued management of the properties under a highly aligned RIDEA 5.0 contract. In addition to the in-place portfolio, Welltower plans to acquire seven properties currently under construction that have been meticulously planned and curated throughout development timelines that have stretched nearly a decade. The under-construction properties will be acquired upon the achievement of certificates of occupancy, which is expected to occur in stages between 2025 and 2027. This structure allows Welltower to eliminate development risk while enabling the Company to own trophy assets with untrended stabilized average RevPOR of over C$12,000. The nine development parcels Welltower plans to acquire are located in highly affluent and supply constrained neighborhoods and have been entitled through elongated and onerous processes that have spanned over five years on average, providing Welltower with significant future optionality. The Amica communities provide a continuum of care including independent living, assisted living, and memory care, allowing residents to age in place and helping to drive an average resident length of stay of 3-4 years. Amica has an unparalleled track record in managing and developing luxury seniors housing communities, enabling it to successfully target highly affluent neighborhoods while serving an unmet need of a rapidly aging population through its higher acuity offering given the Canadian senior housing industry's greater focus on independent living. As part of the transaction, Welltower will acquire a minority interest in Amica's highly regarded management company with the Amica management team owning the majority interest, driving further alignment. "We are thrilled to announce our long-term partnership with Welltower, which shares our passion for providing the highest quality care and services to the seniors population. We also believe that we will be key beneficiaries of Welltower's industry-leading data science capabilities which will help scale our platform," said Jens Cermak, Amica's CEO. "Our premium communities appeal to an affluent and sophisticated population across Canada where seniors are empowered to live with freedom, optimism and peace of mind. Our portfolio has witnessed exceptional growth in recent years, and we strongly believe that this momentum can be sustained well into the future." At closing of the in-place portfolio and development parcels, which is expected in the fourth quarter of 2025, subject to customary regulatory approvals, Welltower will assume C$560 million of CMHC-insured, debt with an average interest rate of 3.6% and a four-year weighted average maturity. About Welltower Welltower Inc. (NYSE: WELL), a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties. Forward-Looking Statements This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. When Welltower uses words such as "will," "expect" or similar expressions that do not relate solely to historical matters, Welltower is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause Welltower's actual results to differ materially from Welltower's expectations discussed in the forward-looking statements. This may be a result of various factors, including, but not limited to: the possibility that the anticipated benefits of the transaction are not realized when and as expected or at all, including as a result of the impact of, or issues arising from, the integration of the acquired properties into Welltower's operation; Welltower's ability to consummate the long-term strategic partnership with Amica on currently anticipated terms, or within currently anticipated timeframes, and the expected performance of the strategic partnership. Welltower undertakes no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise, or to update the reasons why actual results could differ from those projected in any forward-looking statements. View original content to download multimedia: SOURCE Welltower Inc. Sign in to access your portfolio
Zawya
19-02-2025
- Business
- Zawya
Optiva is taking Gemini-powered agentic AI-powered BSS to MWC
Telecom industry cloud-native billing, charging, and revenue management software firm Optiva, will unveil its agentic AI-powered business support systems (BSS) platform at Mobile World Congress (MWC) Barcelona next month. The new platform leverages generative AI capabilities of Google's Gemini models. Unlike traditional chatbots with limited query capabilities, Optiva's agentic AI possesses 'agency,' enabling it to act autonomously, adapt, complete complex tasks, make decisions, and proactively achieve objectives. The company says its agentic AI-powered BSS will empower communication service providers (CSPs) to achieve measurable improvements in operational efficiency, cost savings, customer experience, and business productivity. Optiva already has customers in the Middle East and the Americas using the platform for digital BSS transformations. This move aligns with industry trends – Gartner predicts that by 2028, 33% of enterprise software applications will incorporate agentic AI, a substantial increase from just 1% in 2024. The rapidly advancing technology has the potential to drive significant productivity gains and contribute trillions to the global economy. McKinsey highlights customer operations and sales as prime areas for GenAI revenue growth, with AI agents leading the charge. Not just AI agents 'Integrating agentic AI into Optiva's BSS solutions marks a pivotal step forward in the telecom industry," says Chrisaman Sood, AI product strategist at Optiva. "We are not simply developing AI agents to streamline operations and improve customer experiences – we are establishing the foundation for a future where these agents can work together seamlessly.' Optiva's agentic AI BSS ecosystem can: Enhance customer experience: The customer care AI agent, Amica, automates customer queries and cases, significantly improving resolution times and customer satisfaction. Increase operational efficiency: The operations management AI agent, Kairos, proactively enhances operational efficiency, reducing ticket resolution time and manual efforts. Hyper-personalise engagement: The sales AI agent, Sophos, empowers CSPs to engage customers with hyper-personalised offers and plans, improving sales efficiency and fostering customer loyalty. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
