GEICO Offers New Discounts Amid Rising Auto Insurance Rates

Angela Linders
Geico auto insurance new discount

In a bold move to capitalize on increasing auto insurance rates across states such as California, GEICO Corp., part of Warren Buffet’s empire, is offering an attractive discount initiative, the “Welcome Factor,” aimed at expanding its auto insurance business. GEICO’s Fresh Approach to Auto Insurance With the surge in insurance rates, many insurers are taking a step back from writing new policies. However, GEICO is actively inviting new clients by marketing a special discount for those who apply for personal auto insurance. The discount is designed to taper off gradually…

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Colorado Gun Insurance Bill Moves Forward Amid Diverse Opinions

G. Turner
gun insurance

Article Update: On April 20, the Colorado House passed a bill requiring all gun owners to have liability insurance for accidental firearm discharges, starting January 1, 2025. Representatives Steven Woodrow and Iman Jodeh, HB24-1270 aims to promote responsible gun ownership and was narrowly approved with support from key Democrats. The legislation allows for coverage through existing insurance policies and includes provisions for those unable to afford it. Woodrow emphasized the bill’s role in covering the costs of gun violence and ensuring safer communities, while Jodeh likened the insurance requirement to…

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Biden limits Trump era “junk” short-term health insurance plans

Nordstrom
Short-term Health insurance - Reducing health costs - American Flag

The goal is to reduce the sale and use of the plans that can leave policyholders footing huge bills. The Biden administration is working on rolling back the short-term health insurance plans that rolled out during the Trump administration.  The purpose is to shrink the use of these “junk” plans that leave patients at risk of paying large medical bills out of their own pockets. The new rule was first proposed in the summer of 2023 This new strategy is a part of a broader effort to reduce the cost…

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Visible minorities in LA County face health care inequalities, survey

Logan B.
Health care - Inequality - Minorities

The research was conducted and results released by the Los Angeles County Department of Health The Los Angeles County Department of Health has released its 2023 health care survey results and determined that visible minorities faced a slew of inequities. The survey involved the participation of thousands of residents of the county There were 9,372 adults and 7,391 kids from LA county that participated in the wellness survey. The research examined a range of issues, including everything from health care to insurance access and from housing to the way these…

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Florida Insurance Crisis Intensifies With Predictions of a Harsh Hurricane Season

Kirk Chivas
Florida insurance crisis - hurricane image on radar

Florida Homeowners Brace for Busy Hurricane Season Amid Skyrocketing Insurance Rates Florida homeowners, already bearing insurance rates that nearly triple the national average, now face the grim prospect of an “explosive” hurricane season, casting shadows on the financial resilience of the state’s insurer of last resort. With home insurance premiums in the Sunshine State escalating to an average of $6,000 a year—a stark contrast to the national average of approximately $1,700—Governor Ron DeSantis has called the state-run Citizens Property Insurance Corp. “not solvent,” sparking concerns over its potential inability to…

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