Author: Logan B.

House Bill 116 and the Fight to Insure Alaska’s Commercial Fishing Industry

Logan B.
Alaska’s Commercial Fishing Industry

Alaska’s Fishing Industry Faces Commercial Insurance Crisis For Alaska’s commercial fishermen, the rising cost and dwindling availability of insurance have created choppy waters in an already challenging industry. Insurance premiums for fishing vessels have surged, and older boats are finding it nearly impossible to gain coverage. Some fishermen are even contemplating leaving the industry, unable to bear the financial risk. The numbers tell a sobering story. Alaska’s seafood industry suffered a $1.8 billion economic hit between 2022 and 2023, and higher insurance costs aren’t helping matters. Many older vessels, though…

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State Farm Reports Dog Bite Claims Hit $1.57 Billion in 2024: What’s Behind the Spike

Logan B.
Dog bite claims

For those of us who share our lives with dogs, they’re more than pets; they’re family. But with that wagging tail and soulful gaze comes a responsibility we often don’t think about until things go sideways. According to the Insurance Information Institute (Triple-I) and State Farm, U.S. insurers shelled out an eye-watering $1.57 billion in dog-related injury claims in 2024. Yes, billion—with a “B.” That’s a nearly 19% increase in the number of claims from 2023, and a staggering 48% rise over the past decade. What’s driving this trend, and…

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Homeowners Insurance in Colorado Is Out of Control. Here’s How the State Is Fighting Back

Logan B.
Homeowners Insurance in Colorado

Colorado’s Push to Tame Homeowners Insurance Costs with State-Funded Programs With insurance rates soaring and natural disasters reshaping risk models, Colorado is taking bold strides to tackle skyrocketing homeowners insurance costs. From introducing a new state-backed reinsurance program to launching the FAIR Plan for vulnerable properties, policymakers are navigating a labyrinth of challenges to bring relief to stressed homeowners. But as with any grand plan, the devil is in the details. Understanding the Proposed Fee At the core of Colorado’s legislative efforts lies House Bill 1302, a proposal designed to…

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The $1,200 Club: States That Keep Your Home Insurance Premiums Low

Logan B.
Home Insurance Premiums

How Natural Disasters Are Reshaping Home Insurance Premiums in the U.S. The wrath of Mother Nature is becoming harder to ignore. From devastating hurricanes to relentless floods, natural disasters are not just becoming more frequent but also more severe. For homeowners across the United States, these escalating risks translate directly into rising home insurance premiums. These aren’t just abstract percentages; they’re real costs reshaping household budgets as many brace for the increasingly unpredictable. The Rising Cost of Safety: Home Insurance Premiums Skyrocket Hurricanes Helene and Milton didn’t just batter Florida’s…

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Why Over 700,000 People Are Waiting for Lemonade’s New Car Insurance

Logan B.
Lemonade Car Insurance

Lemonade’s 700,000 Waiting Customers: The Future of Car Insurance Is Knocking When Lemonade, the tech-driven disruptor in the insurance world, announced that over 700,000 customers are lined up, eagerly awaiting its car insurance rollout in regions where it’s not yet available, it turned a few heads. That’s not just a waitlist—that’s a crowd, and it’s a strong indicator that something significant is brewing in the car insurance industry. But what’s fueling this surge of interest? And what does it say about where the insurance market is headed? Lemonade’s Growing Waitlist:…

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How a Policyholder Took on USAA in Court and Won Big

Logan B.
USAA in Court

A Shocking Decision: $100 Million in Punitive Damages, $14 Million in Compensatory Damages Insurance giant USAA has landed in the spotlight after a Nevada jury handed down a monumental $114 million verdict in a bad faith lawsuit. The award, which includes $100 million in punitive damages and $14 million in compensatory damages, arose from its handling of a claim for policyholder Timothy Kuhn following a car accident in 2018. The jury’s decision underscores a growing tension between insurers’ claims-handling practices and their legal obligations to their customers, raising questions about…

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Kentucky Supreme Court Rules in Favor of Coverage for Minor Driver in State Farm Case

Logan B.
Kentucky Supreme Court

A Pivotal Decision for Families and Policyholders The Kentucky Supreme Court has made a significant ruling in the case of Jessica Hill v. State Farm Mutual Automobile Insurance Company. At the heart of the case was the question of whether State Farm was obligated to provide coverage for a minor driver, Tyler Delonjay, involved in a car accident in 2020. This decision not only resolves the insurance dispute but also provides clarity on how residency is determined for minors under auto insurance policies. For families and policyholders, this case underscores…

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