Latest Insurance News Articles Archives

Nick Cannon’s $10M Insurance: A New Spin on Family Planning

May 1, 2025 G. Turner

The body part insurance industry has recently gained a little more buzz after Nick Cannon insured his testicles for $10 million. The proud father of 12, and host of “The Masked Singer” has captivated the media once again. Although Cannon is famous for a variety of different roles, it seems that his recent insurance choices have thrust him into the limelight yet again. While some call it a publicity stunt and others see it as a shrewd financial move, the decision has everyone talking. “It started off like, ‘Yo, this…

Insurance Claim Handling in the Hot Seat: What a Texas Ruling Tells Us

May 1, 2025April 29, 2025 Marc

Texas Appellate Court Blocks Pre-Suit Discovery Amid Claims Handling Dispute A recent Texas appellate court decision has drawn attention to the boundaries of Rule 202 discovery, spotlighting a legal tug-of-war over how insurance claims are handled and investigated. For anyone navigating the tricky intersection of legal procedures and insurance policies, this case serves as a microscope into the challenges and stakes involved. The Layers of the Case: A Collision and Complications It started with a multi-vehicle accident on June 22, 2022. Walter Naymola Jr. was behind the wheel of a…

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.…

Capping Claims, Cutting Costs? Examining Louisiana’s Auto Insurance Reforms

April 29, 2025 Anna Cruise

From Tort Reform to Rate Relief, Lawmakers Weigh Impact on Drivers Legislative gears are grinding in Louisiana as state lawmakers push forward a series of insurance-friendly bills designed to address the state’s notoriously high auto insurance rates. But here’s the million-dollar question on everyone’s minds (or, more appropriately, the $5-million cap question): Will these changes actually lighten the financial burden for drivers, or are we spinning the same legislative wheel? A Legislative Push for Change Today, the Louisiana House of Representatives approved 16 pro-insurance industry bills, sending them to the…