Michigan lawmakers announce bipartisan auto insurance bill in the House

Auto insurance bill - Michigan

The House lawmakers recently made the announcement in a gathering outside the state Capitol. A bipartisan group of Michigan House lawmakers assembled outside the state Capital to announce a new auto insurance bill package. If passed to become law, it is meant to address the state’s current legal gaps. According to critics, the no-fault law from two years ago makes it possible for insurers to make smaller payouts. The 2019 no-fault law’s critics say that it makes it possible for insurers to pay less to their policyholders and that home…

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These Halloween safety tips can help prevent insurance claims

Halloween safety - Woman decorating

The night for trick-or-treating is nearly here so be prepared for things that go bump in the night. Halloween safety might not sound like a lot of fun but following a few tips can help to make sure that the scary stuff that happens won’t lead to insurance claims. It’s all well and good to be spooked and startled, but injuries and damage are definitely not the goal. It doesn’t take a lot of preparation to make a big difference to protect you and your guests and visitors from unnecessary…

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California agricultural insurance to see raise in policy limits

Agricultural insurance - Farm

Commissioner Ricardo Lara has ordered what will be the first coverage limit increase in 25 years. California Insurance Commissioner Ricardo Lara has ordered the first agricultural insurance limit increase in fire-prone areas in a quarter of a century. Lara determined that the order was necessary in order to meet the current wildfire risk and rising cost of repairs. The increase in the agricultural insurance limits is approximately 90 percent higher than the limits in the California Fair Access to Insurance Requirements (FAIR) plan, which is the last-resort program for property…

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GEICO campaigns to fill insurance company jobs in competitive market

Insurance company jobs - competition

The insurer has been taking steps to become more appealing to jobseekers in many US regions. GEICO has been making a concerted effort to attract applicants to fill hundreds of insurance company jobs it is opening and that need workers before the end of the year. Some regions have seen starting salaries rise across the board while others offer additional advantages. Earlier this month, GEICO announced that insurance company positions would be paying more in the hopes of drawing applicants to fill over 300 new positions in Tucson and Renton.…

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Tesla Insurance is taking steps to move into New York and Texas

Tesla Insurance - Tesla dealer

Elon Musk recently tweeted that the coverage that started in California a year ago may move into new states. Though Tesla Insurance rolled out in September 2020 and has been exclusive to that state ever since, Elon Musk recently tweeted that the company intends to expand into massive new markets in the United States. The electric auto policy could be coming to Texas and New York before the end of 2022. The regulatory process for approval to offer insurance is extremely slow & complex, varying considerably by state. Tesla is…

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Policyholders will pay 77 percent more in flood insurance rates, says study

Flood insurance rates - money in water

On the whole, the cost of coverage will rise sharply, but homeowners in poorer neighborhoods will pay less. A new QuoteWizard study showed that changes to US flood insurance rates will be rising by an average of about 77 percent across all policyholders. That said, homeowners living in less affluent neighborhoods will see a reduction in the amount they pay for their coverage. The study was conducted by the Lending Tree financial services provider’s QuoteWizard unit. To complete this study, the unit reviewed the price changes for the approximately 5…

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CAA files lawsuit against insurance company for failure to cover pandemic losses

Insurance company - Lawsuit filed

This has become the most recent instance of a media and entertainment firm suing an insurer for this reason. CAA has filed a lawsuit against an insurance company in what has become the latest instance of a media and entertainment organization suing an insurer for denying payment on loss claims regarding pandemic shutdowns. The Creative Artists Agency filed a civil suit with the Los Angeles Superior Court. The Hollywood-based agency filed a civil lawsuit against an insurance company. The suit was filed in the Los Angeles Superior Court against Affiliated…

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