Live Insurance News

Move Here, Save Thousands: The States That Make Insurance Affordable

July 13, 2025July 13, 2025 Nordstrom

Looking to Save Big on Insurance? Maine and Idaho Might Be Your Ticket Ever heard of the “triple effect”? It’s what happens when a state offers lower costs across the three big insurance categories: health, auto, and homeowners. And guess what? Maine and Idaho are nailing it. These two states are quietly becoming the go-to spots for people looking to stretch their dollars without sacrificing quality of life. Think about it—insurance isn’t just a small line item in your budget. It’s a big deal. Health insurance, car insurance, and homeowners…

Realtors Take Action as California Insurance Crisis Threatens the Market

July 12, 2025 Ben Jones

Realtors Step Up Amid California’s Insurance Crisis How real estate pros are tackling wildfire risks, educating clients, and protecting their bottom line. The California Insurance Crisis: A Growing Problem California’s homeowners insurance market is in chaos. Wildfires are more frequent, insurers are pulling out of high-risk areas, and premiums are skyrocketing. For many buyers, securing affordable insurance has become a dealbreaker. And realtors? They’re caught in the middle. Here’s the reality: 13.4% of realtors reported losing transactions in 2024 because buyers couldn’t get affordable insurance. That’s nearly double the 6.9%…

From Puppy Mills to Transparency: California’s Fight for Pet Safety

July 7, 2025July 7, 2025 Anna Cruise

California’s New Pet Bills: What You Need to Know California is shaking things up for pet owners, breeders, and brokers. Three new bills are making their way through the state legislature, and they could change the way pets are bought, sold, and even insured. Let’s break it down. Why These Bills? It all started with a bombshell investigation by the Los Angeles Times. The report exposed a troubling pipeline of dogs being imported into California, many from puppy mills—large-scale breeding operations that prioritize profit over animal welfare. These mills are infamous…

The End of FAIR Plan Dependence? California’s Big Insurance Industry Fix

July 7, 2025July 6, 2025 Ben Jones

California’s Insurance Market Shake-Up: What’s Happening and What It Means for You Big changes are coming to California’s insurance industry market. And they’re not just tweaks. These are game-changing reforms aimed at fixing a system that’s been struggling under the weight of climate change, rising costs, and outdated rules. So, what’s the deal? Let’s break it down. What’s the Problem? For years, homeowners in wildfire-prone areas have been stuck. Insurance companies have been pulling back, refusing to write policies in high-risk zones. Why? Because the risks are just too high,…

Why Chubb Is Non-Renewing Home Policies in California and What They’re Offering Instead

July 2, 2025July 2, 2025 Nordstrom

Chubb’s California Policy Shift: What It Means for Homeowners Chubb is making big changes in California. Starting mid-October 2025, it will stop renewing hundreds of admitted policies for high-value homes. Instead, these customers will get quotes under its Excess & Surplus (E&S) lines. Why the shift? And what does it mean for homeowners? Let’s break it down. What’s Happening? Admitted policies, which are tightly regulated by the state, are being phased out for many of Chubb’s high-net-worth clients in California. These policies come with consumer protections, standardized coverage, and price…

California Insurance Market Woes – Is Prop 103 the Problem?

July 2, 2025 Angela Linders

California’s Insurance Crisis: Could Prop 103 Be on the Chopping Block? California’s home insurance market is in trouble. Policies are vanishing. Prices are skyrocketing. And now, a group of insurance industry representatives is pointing fingers at Proposition 103, a decades-old law they say is making things worse. Their solution? A ballot initiative to change it. But what does this mean for you? Let’s break it down. What’s Prop 103, Anyway? Proposition 103 isn’t new. It’s been around since 1988, passed by voters to regulate California’s insurance industry. It does a…

California Court Ruling Shakes Up Smoke Damage Claims

June 29, 2025June 29, 2025 Ben Jones

Big changes are coming to California’s insurance world. A judge just ruled against the FAIR Plan, the state’s fallback home insurance option for high-risk properties. What’s it all about? Smoke damage. And this decision could shake things up—for both homeowners and insurance companies. The Ruling That Changes Everything The issue? How the California FAIR Plan handles smoke damage claims. The judge ruled their approach was illegal. Why? Their policy limited smoke damage claims to only what they called “direct physical loss.” Basically, if the damage wasn’t visible to the naked…