Louisiana home insurance customers with UPC might need new policies soon

Home insurance Policy Cancelled

Commissioner Donelon said that the first to be affected are those with Freddie Mac-backed mortgages. Louisiana Insurance Commissioner Jim Donelon is urging home insurance policyholders to find out if they are likely to lose their home insurance through UPC and to take action early if so. Florida-based United Property and Casualty is the latest insurer to find itself struggling in the state. The home insurance company will stop writing new policies in Louisiana starting January 1, 2023. “That is because their financial rating has been downgraded, to the point where…

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USAA and Human API collaborate on new life insurance shopping experience

Life insurance - Shopping Cart

The insurer announced that it would be working with the health data platform to change the buying process. USAA Life Insurance Company has announced that it will be partnering with Human API to take its next step forward in the experience it provides consumers seeking coverage. The insurer and health data platform will come together to recreate the policy shopping process. The new collaboration will bring together the USAA Life insurance experience with digital health data and the health data platform from Human API. The goal is to use the…

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Oregon regulators say new wildfire risk map won’t raise insurance rates

Insurance Rates - Oregon - Home - Fire

State officials said that they don’t intend to use the new map for purposes that include determining coverage. According to regulators in Oregon, the new wildfire risk map created for the state will not lead to increased insurance rates as has been the worry among many home and business owners. Financial regulators released a statement saying that the speculations of this nature are unfounded. The story was covered by Live Insurance News earlier this month, as predictions of increased insurance rates abounded. That said, according to regulators, insurers in the…

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Dental insurance brings most US adults peace of mind

Dental insurance - Woman smiling in dentist office

A Delta Dental study found that the coverage eased concerns of 89 percent of US adults. Dental insurance not only provides coverage for oral health care, but most people also find that it provides them with comfort in knowing that they have the added protection, according to a recently released 2022 State of America’s Oral Health and Wellness Report. The report is a nationwide analysis of US consumer oral health opinions and behaviors. The research was commissioned by the Delta Dental insurance company. It focused on US adults and parents…

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California Insurance Commissioner Lara announces consumer protection appointments

California Insurance commissioner Ricardo Lara

Five reappointments were announced at COIN, and one was announced at the CAARP Advisory Committee. California Insurance Commissioner Ricardo Lara recently announced a string of appointments made statewide in his office’s pursuit of consumer protection improvements. There were five reappointments to the California Organized Investment Network (COIN) Advisory Board and one was made to the California Automobile Assigned Risk Plan (CAARP) Advisory Committee. Lara has been placing a substantial spotlight on consumer protection activities by his Department. “Protecting consumers and addressing inequality are top priorities for our Department,” said Insurance…

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GEICO suddenly stops selling California auto insurance policies by phone or in-person

Auto insurance - Online - California

The insurer has shut offices, laid of hundreds of people and isn’t selling in any way other than online. GEICO has stopped selling California auto insurance policies by phone or in person, while regulators have said that they are monitoring the situation. All 38 of the insurer’s agent offices in California have now been closed and workers laid off. California drivers with GEICO auto insurance policies are still covered and it is still possible to sign up for new coverage online. That said, the in-person offices are all closed, and…

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DataStream cyber insurance expands into Canada

Cyber insurance - Canada

The California-based broker has announced that it is undergoing an international expansion northward. DataStream Cyber Insurance, a California based broker, has announced that it is now expanding its business out of the United States and into Canada. The broker provides comprehensive digital coverage specifically for small and medium businesses. The cyber insurance broker company provides coverage to small and medium businesses (SMBs). It also offers those SMBs full assessments, data analyses of risk outlined in financial terms, and client training. The broker represents more than 30 carriers. For the company’s…

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