Live Insurance News

State Farm rolls out its new life insurance app for its customers

September 19, 2023September 18, 2023 H. Cutner

Life Insurance Person using mobile phone

The Life Enhanced application was developed to help provide customers with personalized guidance. State Farm recently announced that it has rolled out a new life insurance app called Life Enhanced, which uses technology to provide customers with simple, personalized guidance and motivation. The application provides customers with a range of information, resources and tools. Life insurance customers at State Farm can use the app to set wellness goals, learn about a range of wellbeing topics, and discover ways to maintain a healthy and active lifestyle. It has become increasingly popular…

Mental health was an important investment for people in the US during the pandemic

September 12, 2023September 11, 2023 H. Cutner

Americans increased their spending in this area of wellness according to a JAMA Health Forum study. A new study published in the JAMA Health Forum scientific journal has shown that mental health was a priority for Americans during the pandemic, leading to an increase in spending with private insurance. Even after telehealth platform popularity evened out, spending and demand for other services continued. The spending on mental health continued to increase even after telehealth platform popularity stopped growing. This increase in demand suggested a rising crisis in this area of…

Parents are hunting for college student renters insurance

September 5, 2023September 4, 2023 H. Cutner

It’s that time of year when students are heading to dorms and off-campus rentals in houses and apartments. College students are preparing to head into their dorms or off-campus rentals, bringing quite a bit to jam into small spaces, while parents continue to seek out the best renters insurance to make sure all those possessions are covered against the unexpected. Accidents, fires, thefts and others can leave uncovered students on the hook for replacement expenses. Many parents know that renters insurance is their best option to make sure that even…

Travel insurance claims abound among those who planned a Maui vacation

August 29, 2023August 28, 2023 H. Cutner

Travelers who booked trips to the Hawaiian island devastated by wildfires are seeking to cancel. The Maui wildfires are causing people who had intended to travel to the island to look to their travel insurance and credit cards to obtain a refund for the plans they had booked but that they now intend to cancel. Many people who had intended to head to the Hawaiian island now want refunds for their trips. This unfortunate situation is being used by many agents as a reminder to clients about the importance of…

Vermont health insurance rate hikes eased by state regulators

August 22, 2023August 21, 2023 H. Cutner

The state has attempted to take steps to keep premiums from rising over a certain limit. Health insurance price increases proposed by two major insurers in the Vermont marketplace have been slimmed down by state regulators. The decision to pare down the requested rates took the form of a pair of rulings issued last week. The Green Mountain Care Board issued two rulings last week that notably shrank the health insurance rate increases requested by MVP Health and Blue Cross Blue Shield for their small group and individual plans being…

Skyrocketing Colorado Home Insurance Rates Triggered by Hail and Wildfires

August 15, 2023August 15, 2023 H. Cutner

Insurers in the state are blaming increasingly extreme weather and wildfires for the higher premiums. Home insurance rates are headed skyward again in Colorado as state officials estimate that one in two people in the state live in zones that are considered high-risk wildfire zones. Homeowners in the state have already watched their premiums rise by over 50 percent in three years. To keep up with the wildfire risk, on top of the risk of other damaging weather events such as hail, on top of the rising cost of home…

State Farm expected to raise Louisiana auto insurance rates

August 8, 2023August 15, 2023 H. Cutner

The insurer covers more than a quarter of all drivers in the state, many of whom will soon pay more. State Farm, the insurer that currently provides auto insurance coverage to about 29 percent of Louisiana drivers, is expected to raise its rates in the state. This will mean that more than a million people might find their premiums moving up. According to Louisiana Insurance Commissioner Jim Donelon, there are several reasons that State Farm is seeking to bump up its rates by double-digit average amounts. “This 17.3% rate increase…