Live Insurance News

Cruise Smarter – 3 Top Destinations in Season (NOW), Tips, and Insurance Must-Knows

June 10, 2025June 11, 2025 Angela Linders

Cruising’s Comeback: Trends, Top Destinations, and Smart Prep Cruising is booming again, with passenger numbers now surpassing pre-pandemic levels, hitting an estimated 31.5 million in 2023. The Caribbean, Alaska, and Europe still dominate, but river and expedition cruises are gaining fans too. More Gen X and millennials are jumping onboard, shaking up the scene. Fresh ships, greener tech, and epic itineraries. If you’re considering setting sail in the next three months, you’re in for a treat. Alaska, the Mediterranean, and Northern Europe are some of the most stunning destinations you…

Mercury Insurance Tackles Climate Risks Head-On

June 10, 2025 Angela Linders

New Leadership to Address Climate Challenges Mercury Insurance isn’t sitting on the sidelines. They’ve brought in Steve Bennett as the Senior Director of Climate and Catastrophe Science. His job? Lead a team that helps Mercury and its customers prepare for the intensifying climate-driven weather events we’re all facing these days. Big role. Big responsibility. Staying in High-Risk Areas When Others Won’t While other insurers are running away from high-risk areas, Mercury is doubling down. Especially in California. Why? They’re doing things differently. Take Paradise, CA, for example. After the Camp…

The PAID Act Is Back: What’s at Stake for Your Car Insurance?

June 10, 2025June 10, 2025 Nordstrom

The Prohibit Auto Insurance Discrimination (PAID) Act is making headlines once again. Reintroduced in the U.S. House of Representatives, this bold piece of legislation is causing quite a stir. What’s it all about? And how could it shake up the auto insurance world? What’s the Deal With the PAID Act? Here’s the skinny: the PAID Act wants to end what many see as discriminatory practices in the way auto insurance premiums are determined. Right now, companies can use all kinds of things to set your rates. Credit scores. ZIP codes.…

Pennsylvania Expands Postpartum Coverage, But What About the Rest of the U.S.?

June 10, 2025June 10, 2025 H. Cutner

Pennsylvania Health Insurers Take Action on Postpartum Depression Coverage Big news for moms in Pennsylvania. The state’s largest health insurance companies are stepping up. Starting in 2026, nine of these insurers will cover FDA-approved, fast-acting medications for postpartum depression (PPD). This change means critical meds like Zurzuvae, designed to ease symptoms in days, will be included in individual and small-group plans. No more worrying about hefty out-of-pocket costs for lifesaving treatment. “This is a game-changer for Pennsylvania families,” said Michael Humphreys, Pennsylvania’s Insurance Commissioner. “The financial barrier to effective postpartum…

Your Wildfire Insurance Claim Could End Up With a Hedge Fund

June 10, 2025June 9, 2025 Angela Linders

Wildfire insurance claims and hedge fund

Hedge Funds, Wildfire Claims, and Why It Matters to You Alright, here’s a situation you probably haven’t thought about. Picture this. Wildfires sweep through California, leaving destruction in their wake. Homes lost. Businesses gone. Entire communities are struggling to rebuild. Insurance companies step in, paying out billions to cover damages. But here’s the twist. After paying policyholders, some insurers quietly sell off their right to recover those costs from the parties responsible for the fires. Who’s buying? Hedge funds. Yep, hedge funds are stepping in, buying those claims for a…