Latest Insurance News Articles Archives

Would sending Floridians cash help them to afford home insurance?

September 29, 2023September 28, 2023 G. Turner

One lawmaker wants to direct the state’s $10 billion budget surplus to that specific cause. As Florida continues to struggle to find a way to slow the rising cost of home insurance, one lawmaker from Palm Beach County has suggested that it’s time to offer Floridians money to help them to keep up. House Bill 41 has been introduced for the upcoming legislative session in the state. “Right now, we have to focus on real solutions,” said Rep. Jervonte Edmonds (D-West Palm Beach). Edmonds introduced House Bill 41 for the…

Federal long-term care insurance premiums to rise as much as 86 percent

September 28, 2023September 27, 2023 Marc

Long-term care insurance - Premiums Rise

Enrollees in the federal program are preparing themselves for even more expensive coverage in 2024. Americans enrolled in the Federal Long-Term Care Insurance Program (FLTCIP) are getting ready to pay even more for their coverage next year after having faced regular increases for several consecutive years. The Office of Personnel Management has announced that there will be a rate hike for current enrollees. The Federal Long-Term Care Insurance Program is run by the Office of Personnel Management. It announced that current enrollees should expect to see higher rates for 2024.…

California examines new home insurance pricing strategy for wildfire crisis

September 27, 2023September 26, 2023 Logan B.

The state plans to allow insurers to take climate change into consideration when setting their rates. California intends to let home insurance companies factor climate change into the way they calculate their rates, according to the chief regulator for the state. The goal is to help prevent the loss of insurers from the state due to the rising risk of wildfires. Wildfires, mudslides and other natural disasters associated with climate change have become increasingly commonplace and severe in the state. This has wreaked havoc on the coverage industry, which is…

Veterinary practices improving perception of pet insurance

September 26, 2023September 25, 2023 H. Cutner

The results of a recent survey show that the change in perception has gone in a positive direction. Consumers have undergone a shift in their perception of pet insurance when it comes to veterinary practices, and it has gone in a positive direction according to a survey conducted by Pawlicy Advisor in conjunction with AAHA. The research was conducted to better understand veterinarian perception of this type of coverage. The survey from Pawlicy Advisor looked into the way veterinary professionals perceived pet insurance. The respondents to the survey were given…

More Americans are shopping for auto insurance than ever before, JD Power

September 25, 2023September 21, 2023 Nordstrom

Auto insurance - Shopping for insurance on computer

An increase in car ownership and rising premiums are among the reasons people are shopping around. The number of households in the US with cars but that don’t have auto insurance increased during the first half of this year, and the percentage of drivers who say they’re shopping for coverage has hit record levels. JD Power released data based on their findings in a recent report based on American households. JD Power recently published an auto insurance intelligence report in which they revealed the trends they identified in this market.…

Exploring Trailer Insurance Options: Protecting Your Hauling Investment

September 22, 2023 Guest Author

When it comes to trailers, whether you use them for work or play, having the right insurance coverage is essential. Trailer insurance provides protection for your investment against a range of potential risks, from accidents on the road to theft and vandalism. In this article, we will explore various insurance options available for trailers to help you make an informed decision about safeguarding your valuable hauling equipment. Trailer Liability Insurance Trailer liability insurance is a fundamental type of coverage that provides financial protection in case your trailer causes injury to…

Self-insurance is becoming increasingly popular in Florida

September 22, 2023September 21, 2023 Logan B.

A new survey has shown that rising premiums are driving Floridians to look to alternative options. The Insurance Information Institute (III) has released the results of a recent survey showing that a growing number of homeowners in Florida are choosing self-insurance for their homes. This is a worrying trend, as there is a substantial amount of risk associated with this type of coverage. “It is very risky for homeowners to self-insure,” said Florida’s Insurance Consumer Advocate Tasha Carter when discussing the topic of the growing self-insurance trend in the state.…