Disaster Insurance in America: Can the INSURE Act Fix the System?

Marc
Disaster Insurance in America - INSURE Act

Schiff Reintroduces INSURE Act to Protect Homeowners and Stabilize Insurance Market What’s the INSURE Act? Senator Adam Schiff (D-California) is back with a bill he’s calling the INSURE Act—short for Incorporating National Support for Unprecedented Risks and Emergencies. The goal? To tackle the growing insurance crisis in disaster-prone areas like California, Florida, Texas, and Louisiana. Here’s the gist: The bill would create a federal reinsurance program. This program would require insurance companies to cover natural disasters like floods and wildfires. It would also cap how much insurers have to pay…

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California Insurance – The Battle Over Drone Insurance Practices

Ester Adams
Drone Inspection

California’s Insurance Drone Bill Aims to Balance Transparency and Innovation Drones surveying your roof? Satellites snapping photos of your backyard? It’s happening—and not everyone is thrilled about it. California’s Assembly Bill 75 (AB 75) is in the spotlight, tackling how insurance companies use aerial images in their decision-making. Intrusive surveillance or valuable innovation? Depends who you ask. AB 75’s Timeline The bill’s journey started in March 2025, introduced by Assembly member Lisa Calderon with backing from Insurance Commissioner Ricardo Lara. By May, it passed the Assembly Insurance Committee with unanimous…

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The Psychology of Risk: How Insurers Are Getting Inside Your Head

Nordstrom
Psychology of Risk

Risk. It’s everywhere. Crossing the street. Starting a business. Even deciding whether to buy insurance. But here’s the thing: not everyone sees risk the same way. Some people are thrill-seekers. Others? They won’t even jaywalk. And that’s where behavioral science comes in. Insurers are now diving deep into the psychology of risk. Why? To understand how we think, act, and make decisions. It’s changing everything—from how policies are priced to how they’re marketed. Let’s break it down. What’s Risk Tolerance, Anyway? Risk tolerance is basically how much uncertainty you’re willing…

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The End of Quiet Renewals – A Look at Louisiana’s New Insurance Rules

Logan B.
Louisiana

Louisiana Insurers Must Disclose Prior Premiums Under New Law Big Changes for Louisiana Insurance Starting January 1, 2026, Louisiana insurers will have to play by new rules. A controversial law, House Bill 148, now requires them to disclose prior policy premiums when issuing renewal policies. What does that mean for you? Transparency. Under the law, your renewal documents will clearly show what you paid last year right next to what you’re being asked to pay this year. No more guessing. No more digging through old paperwork. But not everyone’s thrilled.…

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From Blue Cross to Priority Health: Who’s Asking for the Biggest Hikes in Michigan

Live Insurance News
Michigan Health Insurance Rate Hikes

Michigan’s Health Insurance Rate Hikes: What’s Happening? Michigan health insurers are asking for big rate increases for 2026. The numbers? Eye-watering. Blue Cross Blue Shield wants an 18.2% hike for individual plans. Priority Health? A 14.4% jump. Even smaller players like McLaren Health Plan are in the mix, asking for a 19.2% increase. Why? Rising drug costs, more people using healthcare, and the looming expiration of federal tax credits. How Do These Increases Compare to Previous Years? Let’s rewind. In 2025, Michigan insurers requested an average 10.9% increase for individual plans and 11.3%…

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California Court Greenlights Class-Action Lawsuit Against State Farm

Ester Adams
The State Farm Case

California Court Certifies Class-Action Lawsuit Against State Farm Big news for California homeowners. A federal court has certified a class-action lawsuit involving nearly 200,000 homeowners who claim State Farm systematically underpaid their property insurance claims. The homeowners argue that this practice violates California’s insurance code. What does this mean? The case can now move forward as a class-action lawsuit. Instead of thousands of individual cases, the homeowners can pursue their claims together. That’s a huge step. Why Did the Court Certify the Class? To get class certification, the plaintiffs had…

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Hurricanes Are Getting Stronger. Is the U.S. Ready?

H. Cutner
Hurricanes in the US

Hurricanes are no longer just a coastal problem. They’re a national one. And the numbers are staggering. Insured losses from U.S. hurricanes could rise by 50% if global temperatures climb by 2°C (3.6°F). That’s not a distant, sci-fi scenario. It’s a very real possibility—and soon. But here’s the kicker: the U.S. isn’t alone in this storm. The Caribbean and Southeast Asia are also dealing with stronger, more destructive storms. So, how do we stack up? Let’s break it down. The U.S. vs. the World: Who’s Got It Worse? The U.S.…

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