Live Insurance News

State Farm insurance company provides customers with free Ting sensors

February 17, 2023February 15, 2023 G. Turner

The insurer is distributing more than one million devices in an effort to help prevent electrical fires. State Farm insurance company has announced that it’s offering its policyholders over one million free Ting sensors as a part of a strategy to reduce the risk of electrical fires. The smart sensor provides home electricity monitoring to help spot hazards that could spark a fire. The insurance company is offering over one million of the Ting sensors to its customers to help those policyholders to be able to detect hazards in their…

Auto insurance rates aren’t likely to drop with inflation

February 8, 2023February 9, 2023 G. Turner

Even as rates have started dropping, it is unlikely that drivers will see their premiums easing. Though drivers might be inclined to believe that as inflation starts to fall, auto insurance rates aren’t likely to get any cheaper. In fact, premiums are expected to rise, and in some areas, they’ll be increasing by quite a bit. The average cost of full coverage is $2,014 in the United States, which is 14 percent higher than last year. According to the True Cost of Auto Insurance Report by Bankrate, the average cost…

Agents promise auto insurance is available to Kia and Hyundai owners

February 3, 2023February 3, 2023 G. Turner

Even as some insurers refuse to cover the vehicles in various parts of the country, policies still exist. As was reported last week on Live Insurance News, State Farm and Progressive have announced that they are no longer selling auto insurance to certain models of Kia and Hyundai cars in various cities in the United States because the vehicles are too easy to steal. That said, agents in those regions are promising owners of those models that policies are still available. Kia and Hyundai owners afraid of losing their coverage…

Louisiana home insurance special session called by Governor John Bel Edwards

January 25, 2023January 24, 2023 G. Turner

The governor is hoping this special legislative session will set the state up to overcome its crisis. Louisiana Governor John Bel Edwards has called a special session of the state Legislature to take control over the home insurance crisis. The session is slated to start on January 30 and will continue until no later than February 5. The governor’s move aligns with Insurance Commissioner Jim Donelon’s statement made to a key legislative committee last Friday, when he said that a special session will be critical to overcoming the property and…

Louisiana faces home insurance “crisis” as more companies leave

January 20, 2023January 18, 2023 G. Turner

Over 20 insurers have exited the state or have gone bankrupt within the last two years. Thousands of Louisiana residents are struggling to find affordable home insurance coverage as insurers continue to leave the state following years of catastrophic storms. The storms have been increasing in both frequency and intensity, leaving expensive damage behind. Louisiana has been the center of the destruction and devastation left behind by several major storms in recent years. As a result, the cost of doing business in the state has been skyrocketing for home insurance…

Family goes viral with travel insurance caution following nightmare vacation

January 11, 2023January 10, 2023 G. Turner

A motorcycle crash in Thailand left a family crowdfunding for medical costs despite their policy. The day after Christmas, a UK man named Adam Davies was in a motorcycle accident in Thailand and, despite his travel insurance, is now facing massive medical bills due to his serious injuries including a fractured skull. Though he had a policy, the massive medical costs he incurred were not included in his coverage. When Davies consulted with his travel insurance to help pay for the hospital bills that were accumulating for his care, he…

2022 was a big year for weird lawsuits against companies

January 6, 2023January 5, 2023 G. Turner

The US Chamber of Commerce Institute for Legal Reform released a list of some of the oddest suits. With 2022 behind us, it’s a good time to look back at some of the truly weird lawsuits that were filed against companies throughout the year and that help to explain why business insurance is such an important form of coverage. Every year, the US Chamber of Commerce Institute for Legal Reform publishes a list of ridiculous filings. The 2022 list of weird lawsuits showed that last year wasn’t short on ridiculous…