Author: Ben Jones

Insurance 2.0: What if Tech Giants Shook Up State Farm’s Turf

Ben Jones
Tech giants entering the insurance industry

Reimagining California’s Homeowners Insurance Market: A Tech-Driven Future In an imaginative twist on the current insurance landscape, tech giants like Google and Tesla have entered the California homeowners insurance market, bringing with them a wave of innovation that could potentially reshape the industry. Facing financial instability and the prospect of shedding over a million policies in five years, State Farm’s situation sets the stage for a future where innovative technology takes the lead in overcoming the challenges of insuring high-risk properties. The New Entrants: Google and Tesla Imagine a landscape…

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Medicare Agents Should Prepare For Very Busy And Confusing AEP

Ben Jones
Agents preparing for Medicares Annual Enrollment Period

Challenges Loom for Agents During Medicare’s Annual Enrollment Period Amid Major Plan Withdrawals Medicare’s Annual Enrollment Period (AEP) is always a busy time for Medicare agents. “This year will likely be worse,” predicts Jesse Slome, director of the American Association for Medicare Supplement Insurance. “Several things are all happening at once that will impact seniors,” Slome shares. “A number of major Medicare Advantage plan providers have already announced plans to cease offering coverage. Humana, for example, said this could impact 500,000 plan participants.” Several other major insurers, for example Aetna,…

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Auto Insurance Rates Surge Amid Economic Pressures

Ben Jones
Auto Insurance Rates Surge Amid Economic Pressures

A Closer Look at the Rising Costs of Motor Vehicle Insurance in the US Motor vehicle insurance, a non-negotiable requirement for drivers across the U.S., has seen a significant surge in costs since 2020. This auto insurance rate increase has been driven by a confluence of economic factors, including inflation and rising repair costs. Between June 2023 and 2024 alone, personal motor vehicle insurance rates rose by an eye-watering 19.5%. A Rapid Rise Outpacing General Inflation The Consumer Price Index (CPI) data from May 2024 reveals that the motor vehicle…

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Biden-Harris administration calls for reduced commercial insurance drug costs

Ben Jones
Commercial Insurance - Prescription Drug Costs

This would mean changes to the way the Inflation Reduction Act affects prescription medications. The Inflation Reduction Act prescription drug law developed by the Biden administration went into effect August 16, 2022, and now the president is seeking to use it to scale back prices for commercial insurance as well. The law provides relief for people with Medicare The Inflation Reduction Act lowers prescription drug costs for people with Medicare, while solidifying this program for its users moving ahead. The portion of the law reducing the cost of prescription drugs…

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Live Insurance News invites readers to the Unite Challenge

Ben Jones
Unite Challenge program for insurance agents and business owners

The Unite Challenge is helping people interested in taking their business to the next level with success thinking strategies. Live Insurance News, also known as LIN, has secured a special invitation for their readers this week to a unique life changing e-course style program taught by self-made millionaire, Jason Fladlien. Insurance agents, small business owners and success oriented people from all over the world are invited to join the Unite Challenge with Jason Fladlien in their pursuit of business success that steps beyond just money and wealth. When asked, the…

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