Category: Latest Insurance News Articles

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

Is the federal crop insurance program keeping up with climate change?

Logan B.
Crop insurance - A person touching wheat

Few changes have been made in the program despite rising risks associated with global warming. Risk has always been a part of farming, particularly due to its dependence on the weather in any given season or year, and crop insurance has become a key part of the survival of many farms across the United States. That said, risks associated with weather have been changing, but the program has altered very little. The massive federal crop insurance program has helped farmers to ensure their businesses survive in times of flooding, drought,…

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Allstate puts a halt to Colorado Spanish-language insurance sales due to new law

Nordstrom
Insurance sales - Colorado Law

State lawmakers passed a translation requirement leading the insurer to conduct business in English. Allstate will be stopping all insurance sales conducted in Spanish and will do business exclusively in English in Colorado when a new law goes into effect in 2025. House Bill 23-1004 requires insurers to provide consumers with policy documents in the same language as advertising. The law will mean that policy documents provided to consumers will need to be written in the language in which the company advertises. Therefore, if a company advertises in Spanish, the…

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California Insurance Commissioner Lara warns consumers of flood insurance fraud

G. Turner
Flood Insurance Fraud

As San Diego County started its clean-up efforts, residents are warned of dubious companies preying on victims. Flood insurance claims are up in San Diego, where hundreds of properties and vehicles were damaged and destroyed by recent flooding, but California Insurance Commissioner Ricardo Lara has placed his department on alert for fraud and other illegal activities targeting the victims of the flooding. The Department is already receiving reports that consumers claim public adjusters have been contacting them. Immediately after the recent floods, some home and business owners say they were…

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Securing Your Investment: A Comprehensive Guide to Rolex Watch Insurance

Loreen
Rolex watch insurance

For countless individuals, the allure of a Rolex watch transcends mere timekeeping. It embodies a legacy of craftsmanship, a symbol of success, and a tangible asset with appreciable value. Protecting this treasured possession with the right insurance is not merely a prudent decision but a necessary safeguard against life’s uncertainties. Just as the intricate mechanisms of a Rolex watch operate with precision, so too should the approach to its insurance. Through careful analysis and informed decision-making, Rolex owners can navigate the complexities of insurance policies to secure the protection their…

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Home insurance companies remind customers to use these tips to avoid claims

Julie Campbell
Home insurance - Tips for Consumers

Weather-related claims are high at this time of year, but insurers hope prevention will help. Though springtime is still a few weeks away, the fluctuation of weather between winter and spring trends can cause issues that lead to damage and therefore home insurance claims. With the addition of extreme weather events, this time of year can be particularly damaging. Home insurance companies have been releasing tips to customers in the hopes that a bit of prevention will go a long way in reducing the risk of damage from the types…

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