Day: May 7, 2025

Allstate’s Quantum Leap into the Future of Insurance

Angela Linders
Insurance Technology Allstate insurance news

Allstate Joins Chicago Quantum Exchange to Shape the Future of Insurance What if your insurance rates could be calculated faster, more accurately, and in a way that actually makes sense? That’s not just wishful thinking anymore. Allstate, one of the biggest names in insurance, is teaming up with the Chicago Quantum Exchange (CQE). And they’re not just testing the waters. They’re all in. “Allstate has thrived for 94 years by creating the future, not simply adapting to trends,” said Tom Wilson, Chair, President, and CEO of Allstate. “Quantum computing is…

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AAA Owned Insurance Companies Tied to Billing Errors, Unlicensed Adjusters, and Big Refunds

G. Turner
AAA Subsidiaries

AAA Subsidiaries in Hot Water Over $2.6 Million Refunds and Fines Have you ever wondered what happens when insurance companies don’t follow the rules? Well, that’s exactly what unfolded in North Carolina recently. Two insurance subsidiaries owned by the Auto Club Group (AAA)—Members Insurance Co. and Universal Insurance Co.—are making headlines for all the wrong reasons. These companies were hit with hefty fines and ordered to pay millions in refunds to policyholders after an investigation revealed numerous violations. But before we get to the fallout, did you know AAA didn’t…

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Skipping the Red Tape? Florida’s New Insurance Bill Explained

Tate Ellison
Florida’s New Insurance Bill

Florida’s New Insurance Bill Could Change the Game for Agents and Homeowners Insurance can feel like a maze, especially when it comes to getting coverage for properties that insurers aren’t eager to touch. Well, Florida‘s got news for you. House Bill 1549, which is set to take effect on July 1 (if the governor signs it), may be a game-changer for insurance agents and homeowners alike. But what does it actually change, and is this part of a bigger trend? Let’s break it down. What’s the Big Idea Behind the…

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Can Louisiana Stop the Lawsuit Spiral Dragging Down Its Insurance Market?

Ben Jones
Louisiana’s Big Legal Problems

Louisiana’s Big Fix for Big Legal Problems Louisiana’s got a problem. A big one. The state isn’t just known for its gumbo and jazz; it’s also infamous for sky-high insurance rates. Why? Well, it all comes down to an overstuffed legal system, often nicknamed the “jackpot justice” machine. Think about it: Louisiana has a smaller population than New York, but racks up more bodily injury insurance claims. You’d think this was a bad joke, but it’s real. State lawmakers are saying “enough is enough” and pushing through a series of…

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