Live Insurance News

Colorado’s Crash Prevention Plan: Safer Roads, Better Insurance Rates?

April 30, 2025April 30, 2025 Tate Ellison

Safer Roads Ahead? Colorado’s Push for Cutting Collisions and Costs A bold initiative is underway in Colorado to address the rising costs of auto insurance through a unique combination of infrastructure improvements, safety measures, and dedicated funding. The Colorado House of Representatives has proposed House Bill 1303, commonly known as the Crash Prevention Enterprise, which aims to reduce collisions, enhance road safety, and potentially lower auto insurance premiums. At the center of the bill is a modest $3 fee for every insured vehicle in the state, generating necessary funding for…

Insurance News – Stormy Debate Surrounds Louisiana’s State Reinsurance Proposal

April 29, 2025April 29, 2025 Tate Ellison

Industry Pushes Back Against Louisiana’s Proposed State Reinsurance Program A new Louisiana bill aiming to establish a state-backed catastrophe reinsurance program is sparking heated debate between lawmakers and industry leaders. Proponents believe the fund, supported by state-issued bonds, could stabilize the state’s fragile insurance market amidst escalating climate risks. Critics, however, argue it might backfire, shifting costs rather than solving the deeper issues. The proposed program would serve as a financial safety net for insurers, designed to absorb some of the catastrophic losses from hurricanes and other disasters. Advocates point…

Can This New Law Fix Insurance Complaints Faster? New Mexico Thinks So

April 23, 2025April 23, 2025 Tate Ellison

New Mexico Grants Subpoena Power to Superintendent of Insurance: What Does it Really Mean for You? – A New Tool for Accountability in the Insurance World New Mexico has made a striking change to its regulatory landscape with the passage of Senate Bill 124 (SB 124). Signed into law on April 10, 2025, this legislation arms the state’s superintendent of insurance with a significant tool for oversight. For the first time, the superintendent can issue civil investigative subpoenas during the early phases of investigations, before formal action begins. This move…

Did Allstate Just Find a Loophole in Texas Data Privacy Laws

April 15, 2025 Tate Ellison

Texas Court Ruling Shields Allstate in Landmark Data Privacy Case A Texas court has delivered a striking decision in the ongoing data privacy battle between Attorney General Ken Paxton and insurance giant Allstate Corp. On April 10, Judge Vince Santini of the 457th District Court ruled that Allstate and its subsidiary, Arity 875 LLC, cannot be sued in Texas for allegedly harvesting consumers’ driving data without consent. The reason? Neither company is headquartered nor incorporated in Texas. For Attorney General Paxton, this is no ordinary case. It’s a whopping blow…

Florida Property Insurance Shake-Up: What Every Homeowner Must Know in 2025

April 12, 2025April 11, 2025 Tate Ellison

Florida Property Insurance – New Players, Wildfire Risks, and Legislative Shifts The property insurance market in Florida has long been a hot topic, and 2025 is no exception. With new insurers entering the state, wildfire hazard maps being updated, and ongoing legislative battles shaping the landscape, Floridians are witnessing significant developments. But what does all this mean for homeowners, insurers, and the future of property coverage in the Sunshine State? Here’s a closer look. Florida Welcomes New Insurers Amid Shifting Market Dynamics Over the past two years, Florida has seen…

Why Insurance Stocks Like Allstate Are Holding Ground in a Changing Climate

April 9, 2025April 8, 2025 Tate Ellison

Why Look at Insurance Stocks? Insurance companies are finding ways to stay grounded despite the wild world around them. Stocks like those from Allstate (NYSE: ALL) are proving interesting for investors, even with climate risks becoming a bigger threat each year. Here’s an example: Allstate is sitting on a market value of about $47.85 billion – info per investing.com. They’ve got a price-to-earnings ratio of 10.78, meaning the stock’s price isn’t overly inflated compared to its earnings. And their 2.18% dividend yield isn’t bad if you’re looking for income along…

Supreme Court Just Changed the Rules for Cannabis Liability Cases

April 7, 2025April 6, 2025 Tate Ellison

Supreme Court Ruling Paves the Way for Truck Driver to Seek Treble Damages in THC-CBD Case A new legal precedent has been set in the intersection of employment law, cannabis regulation, and consumer protection. The U.S. Supreme Court recently ruled 5-4 in favor of truck driver Douglas Horn, allowing him to pursue treble damages under the Racketeer Influenced and Corrupt Organizations (RICO) Act. This decision stems from a contentious case surrounding his dismissal after failing a drug test reportedly caused by unknowingly consuming THC in a CBD product. The ruling…