Day: May 16, 2025

Chubb Bails on LNG Project: A Turning Point in Insurance?

Angela Linders
Chubb cancels LNG Project in Louisiana

Chubb Drops Coverage for Controversial LNG Project, Raising Questions About Industry Trends Well, here’s a shakeup. Chubb, one of the world’s largest insurance providers, has decided to stop insuring the Calcasieu Pass LNG terminal in Louisiana. The move has people talking—not just about what it means for the Gulf Coast project, but the bigger picture for the insurance industry itself. Is this the start of something bigger? Maybe. Why’d Chubb Pull Out? Chubb’s decision comes after mounting concerns over methane emissions, community impact, and growing activist pressure. The company recently…

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Earthquake Insurance Isn’t Just for California Anymore

Angela Linders
Earthquake insurance for Missouri

Earthquake Insurance in Missouri: Why People Are Taking Another Look How often do you think about earthquakes in Missouri? For most people, the answer is “not often”—or maybe even never. After all, it’s been more than 100 years since the last major earthquake rocked the New Madrid Seismic Zone. Yet, earthquake insurance is suddenly back in the conversation. Why? Rising risks, skyrocketing premiums, and the sense that you don’t want to be caught unprepared if disaster strikes. Here’s the kicker. The average annual cost of earthquake insurance in Missouri? $569.…

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State Farm and Allstate in the Hot Seat: What Really Happened at the Senate Hearing

Marc
State Farm and Allstate in the Hot Seat

Major Insurers Under Fire at Senate Hearing for Claims Practices It’s not just the smaller, Florida-domiciled insurance companies making headlines these days. Big names like State Farm, Allstate, and others found themselves in the hot seat during a Senate subcommittee hearing. Why? Allegations of altered damage reports, reduced payouts, and practices that some say border on fraud. The hearing on May 13 had it all—drama, political grandstanding, emotional testimonies, and even a rare apology from an industry giant. What’s Really Going On? Adjusters and policyholders didn’t pull any punches. They…

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