Latest Insurance News Articles Archives

Tragedy, Reform, and the State of Health Care – A Look at UnitedHealth Group

January 23, 2025January 22, 2025 Marc

A Shocking Loss That Shook a Nation The murder of Brian Thompson, the CEO of UnitedHealth Group’s UnitedHealthcare division, stunned the country in December 2024. Thompson, a 50-year-old husband and father of two, was fatally shot while walking to a company meeting in New York City. It was a crime that not only horrified his colleagues and family but also put a harsh spotlight on the broader frustrations with the U.S. health care industry. The accused, Luigi Mangione, reportedly had grievances about systemic issues in the health care system. He…

Liberty Mutual and Safeco to Exit California Condo and Rental Insurance Markets by 2026

January 22, 2025January 21, 2025 Angela Linders

Liberty Mutual Condo and Rental Insurance

California’s Insurance Market Faces Another Major Shake-up Liberty Mutual, one of California’s major insurance players, has announced it is pulling back on its condo and rental insurance offerings through its subsidiary, Safeco. This decision is expected to impact around 88,000 policyholders across the state. Starting this month, Safeco will stop issuing new policies for condos, renters, and watercraft, while all existing policies in these categories will begin non-renewals in January 2026. While Liberty Mutual has emphasized its continued commitment to offering core Safeco products such as auto, home, and umbrella…

North Carolina’s Biggest Insurance Hike in Years

January 21, 2025January 20, 2025 G. Turner

North Carolina Homeowners Face Rising Insurance Premiums Amid Settlement Agreement North Carolina homeowners will soon see their insurance premiums rise following a recently announced settlement between the state Insurance Department and the insurance industry. The increase will be gradual, averaging 15% statewide by mid-2026. While the new rates are lower than what the industry initially proposed, the settlement demonstrates the growing pressures on insurers as they deal with inflation, costly natural disasters, and other challenges. Understanding the Settlement and Its Impact on Homeowners The settlement reduces what could have been…

Why USAA Tops the 2025 List of America’s Most Trusted Home Insurance Brands

January 20, 2025January 20, 2025 G. Turner

Understanding the Role of Trust in Home Insurance Decisions When choosing home insurance, consumers are making more than a financial decision. They’re entrusting a company with their sense of security, knowing it will play a pivotal role during some of life’s most challenging moments. Whether facing damages from a hurricane, a fire, or a break-in, homeowners rely on their insurer to deliver on its promises. The 2025 America’s Most Trusted Home Insurance Study offers a clear glimpse into which brands are earning that trust and why it matters so much.…

How Fake Basquiat Paintings Sparked a $19M Insurance Battle and What It Means for You

January 20, 2025January 20, 2025 Tate Ellison

How the Basquiat Forgeries Shed Light on Art and Insurance The art world is buzzing with news of an ongoing $19.7 million legal battle involving Liberty Mutual Insurance Company, Great American Insurance Company, and the owners of a collection of fake Jean-Michel Basquiat artworks. While it may sound like a story for wealthy collectors and fancy museums, it also holds valuable lessons for everyday homeowners who own—or hope to own—art. The case began when the FBI seized 25 works claimed to be by Basquiat from the Orlando Museum of Art…