Live Insurance News

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…

Rewriting Arkansas Rules for Liability in Off-Road Motorcycles Under Act 312

April 29, 2025April 28, 2025 Marc

Arkansas Act 312 Paves the Way for Safer, Sustainable Off-Road Recreation Arkansas has made a bold leap into the world of off-road recreation liability with the passage of Act 312, signed into law by Governor Sarah Huckabee Sanders on March 18. This new legislation, which introduces the concept of “inherent risk” for off-road motorcyclists, is aimed at striking a delicate balance between participant responsibility and landowner liability. The law not only protects event organizers and private landowners but also lays down a framework that could help the off-road industry flourish.…

The Hidden Link Between Fireproof Homes and Affordable Insurance in Idaho

April 29, 2025April 28, 2025 Live Insurance News

Idaho’s ‘Home Hardening’ Initiative Tackles Wildfire Risk and Insurance Challenges Idaho homeowners are feeling the heat, and not just from soaring summer temperatures. With an increasing number of wildfires blazing across the region, insurers are pulling out. By 2025, nearly 25 of the 91 insurance carriers operating in the state had left, citing wildfire risks as the main culprit. And for those that remain, stricter underwriting practices mean higher premiums or outright refusals to renew coverage. Dean Cameron, director of the Idaho Department of Insurance (DOI), puts it bluntly, “Insurance…

The $300 Pill Dilemma: Understanding America’s Prescription Cost Crisis

April 29, 2025April 28, 2025 Nordstrom

Millions Can’t Afford Prescription Medications Due to Their Pricing This is the case for around one in five Americans who cannot afford to purchase required medicines. That is not an embellished claim; it’s the harsh day-to-day stress of millions. The ongoing cost of medications places excessive burdens on families forcing them to dangerously choose between their health and basic household expenses like rent or groceries. In a survey done in 2024, 21% of respondents confessed to not taking, skipping, or delaying medications solely due to the prohibitive costs involved. The…

Insurance News – Stormy Debate Surrounds Louisiana’s State Reinsurance Proposal

April 29, 2025April 29, 2025 Tate Ellison

Industry Pushes Back Against Louisiana’s Proposed State Reinsurance Program A new Louisiana bill aiming to establish a state-backed catastrophe reinsurance program is sparking heated debate between lawmakers and industry leaders. Proponents believe the fund, supported by state-issued bonds, could stabilize the state’s fragile insurance market amidst escalating climate risks. Critics, however, argue it might backfire, shifting costs rather than solving the deeper issues. The proposed program would serve as a financial safety net for insurers, designed to absorb some of the catastrophic losses from hurricanes and other disasters. Advocates point…

Justice, Healthcare, and Humanity on Trial in Mangione Case

April 28, 2025April 27, 2025 H. Cutner

Luigi Mangione Pleads Not Guilty to Killing UnitedHealthcare CEO Brian Thompson Luigi Mangione, a 26-year-old Maryland man, has pleaded not guilty to federal murder charges stemming from the December 4, 2024, killing of Brian Thompson, the CEO of UnitedHealthcare. The Mangione case, charged in both federal and state courts, has sparked wide-ranging debates, touching on topics from the state of healthcare to the limits of acceptable dissent. Here’s what we know so far and what the broader implications might mean. The Incident That Shocked a Nation Early that December morning,…

Liberty Mutual vs. Mars: Who Picks Up the Tab for Risky Marketing?

April 28, 2025April 27, 2025 Angela Linders

Liberty Mutual Drops Lawsuit Against Mars Over Ultra-Processed Food Marketing Case Liberty Mutual Insurance Co. has closed the file on its case against candy giant Mars Inc., leaving questions around insurance coverage for controversial marketing practices unresolved. This voluntary dismissal, filed in the U.S. District Court for the Eastern District of Virginia, has brought an abrupt end to a legal clash that raised eyebrows in both the insurance and food industries. The crux of the matter? Whether Liberty Mutual should have to cover Mars’s legal defense in a lawsuit accusing…