Category: Latest Insurance News Articles

The latest headlines, on all lines of insurance, will be updated and listed here.

Why Are Home Insurance Rates Rising? A Regional Breakdown of Surprises and Spikes

Marc
Why are Home Insurance rates rising?

Home insurance rates are climbing across the U.S., but depending on where you live, the difference could be—well, shocking. Some states are seeing rates barely budge, while others are watching their costs skyrocket. Vermont, Alaska, and Maine? Small bumps. Colorado, Nebraska, and Montana? Not so lucky. What’s driving these disparities? And, more importantly, what’s the biggest surprise hiding in these numbers? The High Climbers: Where Rates Are Spiking Take Nebraska, for example. Homeowners there saw a jaw-dropping 22.1% increase in 2024 alone. Colorado’s not far behind with an eye-popping 76.6%…

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Genworth Rate Hike Shakes Up Long-Term Care Insurance Landscape

H. Cutner
Long-Term Care Insurance

Genworth Life Insurance dropped a bombshell when it proposed a jaw-dropping 233% rate hike for its long-term care insurance policies. That’s right, 233%. In Maine, regulators pulled the brakes—chopping that monster hike down to 76%. But let’s get real: a jump like that still hurts. And if you’re thinking this is just a Maine thing, think again. Genworth’s campaign for higher premiums is nationwide—with hundreds of hikes already stamped “approved.” Between 2021 and 2023, Genworth scored the green light for 429 rate increase requests across the country. The average increase…

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The 15% Penalty That’s Changing Auto Insurance Disputes in Connecticut

G. Turner
Connecticut Auto Insurance

Connecticut’s Auto Insurance Shake-Up: Faster Payments, Higher Stakes Connecticut just flipped the script on auto insurance disputes. Claimants? They’ve got reason to celebrate. Insurers? Not so much. A new law, known as House Bill 6435—or Act 25-131—shifts the playing field, and changes are already in motion. The goal? Faster payments for claimants and a system that doesn’t drag disputes through endless, costly delays. But what exactly does this mean, and why should anyone care? Claimants Get Paid. Fast. Ever felt stuck in limbo waiting for an insurance payout? This overhaul…

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Inspection Repeal: A Win for New Hampshire Drivers, a Loss for Mechanics?

Angela Linders
New Hampshire Vehicle Inspections

New Hampshire Mechanics Brace for Impact as Vehicle Inspections End Big changes are coming to New Hampshire’s roads—and its auto shops. Starting January 31, 2026, the state will no longer require annual vehicle inspections. For drivers, it’s a win. For mechanics? Not so much. What’s Changing? For decades, New Hampshire drivers have been required to get their cars inspected annually. Mechanics checked everything—brakes, tires, lights, emissions. It cost around $50 per car, and for many shops, it was a steady source of income. But now, that’s all going away. The…

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The Big Gamble Behind Florida’s Reinsurance Strategy

Tate Ellison
Florida’s Reinsurance Strategy

Florida’s Hurricane Reinsurance Cuts Ripple Through Private Markets—and the Politics Behind It Florida’s decision to slash its hurricane reinsurance funding stems from , which took effect on July 1st. This legislative move has left insurers scrambling and is expected to have far-reaching impacts on private reinsurance markets—not just within Florida, but beyond its borders. Lawmakers’ controversial decision, prompted by the provisions of House Bill 5013, sets the stage for significant changes in how risk is managed and distributed across the industry. Let’s unpack it. How Private Reinsurance Markets Are Feeling…

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Car Insurance in New Mexico Just Got a Major Update

Live Insurance News
Car Insurance in New Mexico Update

Big Changes for Car Insurance in New Mexico: What You Need to Know The New Mexico Supreme Court has made a significant decision that could reshape how you purchase car insurance. This ruling focuses on uninsured motorist (UM) and underinsured motorist (UIM) coverage. If you’ve ever been in an accident with someone who didn’t have enough insurance to cover the damage, you understand how crucial this coverage can be. What’s New? Insurance companies in New Mexico are now required to offer UM/UIM coverage for each vehicle separately. This means you…

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Washington’s 1st of it’s Kind Long Term Care Program Nears Launch

Angela Linders
long term care

Washington State is making history. Its groundbreaking long term care insurance program, WA Cares, is set to roll out on July 1, 2026. This isn’t just another government initiative—it’s the first program of its kind in the U.S. And it’s a big deal. Why? Because long-term care is expensive. Really expensive. And most people don’t have a plan for it. WA Cares aims to change that by giving workers a way to save for care as they age. How It Works Here’s the deal: WA Cares is funded by a 0.58% payroll…

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