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…

New York’s New Pet Liability Ruling: What Every Pet Owner Needs to Know

April 30, 2025April 29, 2025 Nordstrom

Owning a pet just got a little more serious in New York, thanks to a groundbreaking decision by the state’s highest court. If you’re a pet owner, you might want to pay attention, because the rules about who’s responsible when something goes wrong have changed in a big way. The New York Court of Appeals recently decided that pet owners can now be held liable for injuries caused by their animals—not just under the long-standing “strict liability” rules, but also for negligence. What does that mean for you? It means…

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

April 30, 2025April 30, 2025 Logan B.

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…

A New Perspective on Insurance: What Young Insurance Agents Are Prioritizing in 2025

April 30, 2025April 29, 2025 Loreen

A Seasoned Perspective on the Journey of Young Insurance Agents Having spent years in the insurance business here in Southern California, both working for others and running my own agency, I’ve seen the industry evolve in ways that are both challenging and exciting. It’s not just about policies and premiums; it’s about people. That’s why it’s heartening to see young agents today prioritize relationships, even as they face unprecedented challenges in a shifting landscape. When I opened my agency, I learned quickly that insurance is a business built on trust.…