Live Insurance News

Why Chubb Is Non-Renewing Home Policies in California and What They’re Offering Instead

July 2, 2025July 2, 2025 Nordstrom

Chubb’s California Policy Shift: What It Means for Homeowners Chubb is making big changes in California. Starting mid-October 2025, it will stop renewing hundreds of admitted policies for high-value homes. Instead, these customers will get quotes under its Excess & Surplus (E&S) lines. Why the shift? And what does it mean for homeowners? Let’s break it down. What’s Happening? Admitted policies, which are tightly regulated by the state, are being phased out for many of Chubb’s high-net-worth clients in California. These policies come with consumer protections, standardized coverage, and price…

State Farm vs. Erie: Who Pays When Coverage Overlaps?

July 2, 2025July 2, 2025 Marc

Understanding Underinsured Motorist Coverage: Lessons from the Erie vs. State Farm Case Insurance. It’s supposed to protect you when life throws a curveball. But what happens when two insurance companies can’t agree on who pays? That’s exactly what went down in the recent Erie vs. State Farm case. And if you’ve ever wondered how underinsured motorist coverage works—or doesn’t—this case is a crash course. Let’s break it down. The Accident That Started It All Picture this: Lawrence Ricketts, a mechanic in Kokomo, Indiana, is test-driving a customer’s Dodge Ram after…

California Insurance Market Woes – Is Prop 103 the Problem?

July 2, 2025 Angela Linders

California’s Insurance Crisis: Could Prop 103 Be on the Chopping Block? California’s home insurance market is in trouble. Policies are vanishing. Prices are skyrocketing. And now, a group of insurance industry representatives is pointing fingers at Proposition 103, a decades-old law they say is making things worse. Their solution? A ballot initiative to change it. But what does this mean for you? Let’s break it down. What’s Prop 103, Anyway? Proposition 103 isn’t new. It’s been around since 1988, passed by voters to regulate California’s insurance industry. It does a…

Hurricane Relief Made Simple for Hawaii Condo Owners

July 2, 2025July 2, 2025 Logan B.

What Condo Owners Should Know About the Hawaii Hurricane Relief Fund What if your condo association couldn’t get hurricane insurance? Scary, right? For many condo associations, that nightmare was becoming a reality. Insurers were walking away or hiking premiums to unmanageable levels. But here’s the good news—Hawaii stepped in to help. The Hawaii Hurricane Relief Fund (HHRF) is back. After being dormant for years, the fund was reactivated in 2024 to help stabilize the shaky insurance market. And as of June 24, 2025, it’s open for business. Condo associations can…

Why Your Florida Insurance Premiums Might Skyrocket This Year

July 2, 2025July 1, 2025 Marc

A Big Ask from TRUE Florida homeowners are staring down the barrel of a potential 31% increase in their property insurance premiums. Trusted Resource Underwriters Exchange (TRUE), a Florida-based insurer, has requested the hike for its multiperil homeowners’ insurance policies. If approved, tens of thousands of policyholders could see their annual premiums jump by an average of $1,357. Why such a steep increase? Hurricanes, inflation, and reinsurance costs are the usual suspects. But TRUE’s management says they’re also playing catch-up after previous leadership failed to adjust rates to match market…