Author: Logan B.

From 55+ to Everyone: The Push to Broaden Minnesota Auto Insurance Savings

Logan B.
Minnesota Auto Insurance Savings

Minnesota’s Insurance Rules Are About to Get a Big Shake-Up. Here’s How Insurance discounts are great, right? But who actually qualifies for them in Minnesota? Currently, drivers 55 and older can save at least 10% on their car insurance premiums if they complete a state-certified accident prevention course. It’s all thanks to Minnesota Statutes §65B.28, which ensures older drivers who actively work on their road safety skills get rewarded. But what about everyone else? That’s what House File 3290, a new bill in the Minnesota legislature, is trying to address.…

Read More

OPINION Article: Why the Ghost Gun Debate Has Huge Implications for Insurance Costs

Logan B.
Ghost Gun at home

Ghost Guns, Big Lawsuits, and Insurance Drama What happens when New York sues firearm manufacturers, claiming their products are fueling violence? You’d expect a legal showdown between the state’s attorney general and the gun companies. But what if insurance companies are suddenly dragged into the mess? Yep, it gets complicated. And that’s exactly what’s happening in the ongoing lawsuit over ghost guns, with major players like AIG and an insurance trade group stepping into the ring. Where do insurance companies fit into this? Here’s the deal. New York filed this…

Read More

Texas Lawmakers Push to End Widow’s Insurance Premium Increase

Logan B.
widow insurance bill in texas

Texas Auto Insurance – Senate Bill 1238 Aims to Protect Texas Widows From Steep Premiums Imagine this: You’ve just lost your spouse. You’re grieving, overwhelmed, trying to pick up the pieces. Then, like salt in the wound, you call your insurance company to update your policy… and bam! Your premiums go up. This scenario, known as the “widow’s penalty,” is what a new Texas bill, Senate Bill 1238, is designed to stop. For years, widows and widowers in Texas have reported surprise rate hikes on their auto and homeowners insurance…

Read More

Aetna Bows Out of ACA, and the Seesaw of Healthcare Teeters

Logan B.
Aetna’s Affrodable Care Act Exit

Aetna’s ACA Exit Fuels Fears of a Healthcare Domino Effect Another major player is stepping off the Affordable Care Act (ACA) stage. Aetna, one of the nation’s largest health insurers, has announced its decision to withdraw from the federal health insurance exchange next year. While corporate moves like this might seem like just another high-level business maneuver, this one comes with heavy implications for the millions of Americans relying on the ACA for coverage. But that’s not the only ripple effect we should be watching. The bigger, darker cloud looming…

Read More

The New Risks of Insurance in 2025, and How Allstate is Adapting

Logan B.
Allstate Insurance Stocks

Allstate (NYSE: ALL) Shines Amid Rising Risks and Industry Shifts in Q1 2025 Shifting back to Allstate’s case, this corporation seems to be progressing well onto 2025, as their finances also demonstrate the enduring consequences and the multifaceted grooves still requires reflection to perceive, aka, a landscape that is nothing like easy. The first quarter results, reported yesterday, showcase Allstate’s significant growth in revenues, however this alone is not soothing the multifarious complexities that need to be addressed by insures like, fences of increasing disaster losses, regulation changes and overhauls,…

Read More

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…

Read More

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…

Read More