Category: News for Consumers

Our goal is to educate by posting only researched subjects for consumers and placing in a way that is easy to understand. From tips on saving money to coverages and what they mean.

Montana Insurance Department Challenges Liberty Mutual on Repair Cost Denial

H. Cutner
Repair Cost Denial

Overview of the Dispute In a significant move reported by RepairerDrivenNews.com, the Montana Insurance Department has called out Liberty Mutual for its handling of a consumer complaint regarding repair cost denial. Deputy Insurance Commissioner Frank G. Cote challenged Liberty Mutual’s settlement process, specifically their refusal to cover certain repair costs without sufficient evidence. Details of the Case The dispute originated when Liberty Mutual denied payment for blending services performed by a repair facility, asserting that the 50% blend time was “successful” and “well-established.” This response was deemed unsatisfactory by the…

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California, Colorado and Texas Face Billion-Dollar Home Insurance Dilemma

Nordstrom
california wildfire risk landscape

California’s Growing Wildfire Risk for Home Insurance Market California homeowners face a growing problem: over 1.2 million homes are at moderate or high risk of wildfire damage, with reconstruction costs exceeding $760 billion. According to CoreLogic’s Wildfire Risk Report, this is particularly concerning for those living in the Wildland Urban Interface (WUI), especially in areas like Los Angeles, San Diego, and Riverside. Climate change is a significant factor, with NOAA’s data showing the number of acres burned each year has nearly doubled since the early ’80s. Reconstruction costs for damaged…

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Skyrocketing Car Insurance Rates Drive Drivers to Pay Repairs in Cash

H. Cutner
Paying in Cash for Car Repairs

As car insurance premiums continue to soar, drivers are finding alternative ways to manage their expenses. With rates expected to rise by at least 20% in 2024, many are opting to bypass the claims process altogether and pay for repairs out of pocket. Understanding the Shift: Why Drivers Are Avoiding Claims A recent survey by LendingTree reveals that about 40% of drivers are choosing to skip the traditional claims process, opting instead to handle minor repairs in cash. This trend is largely driven by the fear of increased premiums and…

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Innovative Food Truck Launches “Seagull Insurance” on Isle of Man

Live Insurance News
"Seagull Insurance" on Isle of Man

In a quirky insurance news twist, Hawkins BBQ, a popular food truck on the Isle of Man, has introduced “seagull insurance” to protect its customers from a particularly pesky problem—theft by herring gulls. Birds swooping in to snatch snacks have become a frequent issue at the coastal pop-ups, sometimes occurring up to three times a week. A Unique Solution Co-owner Charlotte Smith revealed that the introduction of the £1 daily insurance policy aims to ensure that customers can enjoy their meals without fear of losing them to opportunistic seabirds. “We…

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Car Insurance Costs Explode in 2024 with an Overall Jaw-Dropping 26% Hike

H. Cutner
rising car insurance costs

Car Insurance Premiums Surge in 2024 Car insurance premiums skyrocketed by an average of 26% in 2024, pushing the national average cost for full coverage to a staggering $2,543 per year. This marks a significant rise from $2,014 in 2023 and $1,771 in 2022. Several factors contribute to this surge: The Bureau of Labor Statistics notes that while overall annual inflation was 3.2%, car insurance rates spiked 20.6%. States differ in rate increases, with New Jersey and Missouri seeing hikes of 45.69% and 44.16%, respectively. Florida and California remain among…

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