Live Insurance News

Pay-As-You-Go Auto Insurance: Custom Coverage for Today’s Driving Habits

April 12, 2025April 13, 2025 Guest Author

The conventional auto insurance model was designed for a world where most people commuted daily and used their vehicles consistently. Today’s reality is far more diverse, with remote work, ridesharing, public transportation options, and varying driving patterns becoming increasingly common. Pay-as-you-go auto insurance has emerged as a flexible solution tailored to these modern driving habits. Understanding Pay-As-You-Go Auto Insurance Models Pay-as-you-go auto insurance encompasses several different approaches, all designed to align coverage more closely with actual vehicle usage: Usage-Based Programs These monitor your driving habits through telematics devices or smartphone…

Driving Without Breaking the Bank? Minnesota Lawmakers Have a Plan

April 9, 2025April 8, 2025 H. Cutner

Minnesota’s Lifeline Insurance Program Aims to Lighten the Road for Low-Income Drivers Lawmakers in Minnesota are shifting gears toward affordability with a newly proposed initiative aimed at providing low-cost auto insurance to low-income residents. Dubbed the Minnesota Lifeline Insurance Program, this program promises a streamlined safety net for drivers whose budgets are stretched thin. If enacted, this legislation could help ensure that essential transportation doesn’t remain out of reach for many Minnesotans. Learning from the Blueprint of Success Minnesota’s proposed plan follows the tracks of similar programs that have rolled…

Your Quick Guide to the Day’s Top Insurance News Headlines

April 7, 2025April 6, 2025 Live Insurance News

Lemonade’s Car Insurance Waitlist Reaches 700K Lemonade, a leader in the insurtech sector, announced an impressive milestone with 700,000 customers on the waitlist for its car insurance offerings. The service, which is only available in select areas, has generated significant consumer interest due to its tech-driven, user-friendly approach. Lemonade’s business model heavily relies on artificial intelligence to streamline every aspect of the insurance process, from underwriting to claims settlement. This innovation continues to disrupt traditional insurance practices, highlighting the growing appeal of modernized, hassle-free coverage options. To Read More About…

Legal Chaos or Just Business? Georgia Insurance Company Pushes Back on $22 Million Payout

April 4, 2025April 4, 2025 John Bowers

Georgia Insurance Carrier Refuses to Pay $22 Million Verdict A High-Stakes Collision That’s Far From Over Imagine you’re sitting on a hefty $22 million verdict awarded by a jury. Now imagine the insurer responsible for covering that claim refuses to pay more than their policy limit of $1 million. Welcome to the legal aftermath of a 2021 collision in DeKalb County, Georgia, where a truck accident left the jury awarding the multimillion-dollar judgment. Yet, the insurer, Knight Specialty Insurance Co., has drawn a line, capping their liability at the policy…

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

April 4, 2025April 3, 2025 Logan B.

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:…

The Real Cost of Safer Cars: What Hyundai and Kia’s Tech Means for Your Insurance

March 27, 2025March 27, 2025 Nordstrom

Analyzing the Ripple Effects of Declining Vehicle Thefts on Insurance Premiums and Community Safety The sharp decline in vehicle thefts across the U.S., driven in part by Hyundai and Kia’s advanced anti-theft technologies, has implications that stretch beyond the obvious. While fewer stolen vehicles bring immediate relief to affected owners, the cascading effects on insurance premiums and community safety are just as significant. This analysis dives deep into the tangible benefits of declining theft rates, with a focus on how it impacts Hyundai and Kia owners, broader insurance trends, and…

45,000 Affected in Root Insurance Data Breach – NY Attorney General Takes Action

March 26, 2025March 26, 2025 Angela Linders

Auto Insurer Root Fined $975,000 Over Data Breach Impacting Thousands of New Yorkers When it comes to handling sensitive information, insurance companies shouldn’t just be crossing their fingers and hoping for the best. Root Insurance recently learned this lesson the hard way. The New York Attorney General’s Office imposed a stinging $975,000 fine on the auto insurer after a data breach compromised the personal information of 45,000 New Yorkers. Let’s unpack what this means for Root, the industry, and the road ahead. Regulatory Actions Hit Hard After Serious Breach New…