Live Insurance News

11 Catastrophes, $1B in Losses, and One Financial Cushion for Allstate

April 22, 2025 Live Insurance News

Allstate's $2 Billion Deal: What Investors and Policyholders Need to Know About the Big Sell-Off

Allstate Projects $123M Reinsurance Recovery Amid Heavy March Catastrophe Losses For Allstate, March came in swinging, delivering a staggering $1.04 billion in catastrophe-related losses. This wave of destruction, driven largely by four major wind and hail events among 11 reported incidents, isn’t just another line item in their books. These disasters hit hard, but Allstate isn’t entirely shouldering the financial blow. Thanks to their aggregate reinsurance program, the company is set to recover approximately $123 million, a much-needed safety net in a turbulent season. Here’s the deal. Allstate’s aggregate reinsurance…

Why Driving in New Jersey Is Becoming Almost as Expensive as Parking in Manhattan

April 22, 2025April 22, 2025 G. Turner

New Jersey’s Rising Auto Insurance Costs: History, Challenges, and What’s Next Once upon a time—not too long ago—New Jersey’s auto insurance market teetered on the brink of collapse. Premiums were sky-high (we’re talking highest-in-the-nation levels), and insurers were practically running for the exits. Throw in rampant fraud, legal wrangling, and a Wild West claims environment, and you had a perfect storm. Back then, lawmakers stepped in with targeted reforms to bring order to chaos. Rates stabilized, insurers stayed put, and residents could finally afford coverage. But here we are again,…

How this Healthcare Giant’s Challenges Could Change Insurance as We Know It

April 21, 2025 Angela Linders

unitedhealth stock drop and worries of ACA enrollment

UnitedHealth Group Stock Struggles Continue Amid Medicare and ACA Challenges UnitedHealth Group, a giant in the U.S. healthcare industry, has been navigating rough waters lately. You may have noticed headlines about their plummeting stock prices or whispers of trouble in Medicare Advantage plans and Affordable Care Act (ACA) marketplaces. But what does all this mean for you, the average healthcare consumer or investor? Let’s break it down in a way that makes sense without the corporate-speak. UnitedHealth’s Stock Slide Sparks Market Ripples Imagine this for a second. The largest health…

New Tax Proposal Could Change How Life Insurance Companies Manage Their Money

April 18, 2025 Angela Linders

Breaking Down the Proposed Tax Changes A new law called the Secure Family Futures Act is shaking things up in the life insurance world. The aim of this proposed legislation? To modernize how life insurers are taxed on certain types of investments, like bonds. Right now, these investments fall under something called “capital tax treatment.” It’s a complicated rule that limits how much insurers can handle financial losses and reinvest in the economy. The proposed change would simplify things, making these investments taxable under ordinary rules and extending flexibility for…

Why Insurance Stocks Like Allstate Are Holding Ground in a Changing Climate

April 9, 2025April 8, 2025 Tate Ellison

Why Look at Insurance Stocks? Insurance companies are finding ways to stay grounded despite the wild world around them. Stocks like those from Allstate (NYSE: ALL) are proving interesting for investors, even with climate risks becoming a bigger threat each year. Here’s an example: Allstate is sitting on a market value of about $47.85 billion – info per investing.com. They’ve got a price-to-earnings ratio of 10.78, meaning the stock’s price isn’t overly inflated compared to its earnings. And their 2.18% dividend yield isn’t bad if you’re looking for income along…

Driving Without Breaking the Bank? Minnesota Lawmakers Have a Plan

April 9, 2025April 8, 2025 H. Cutner

Minnesota’s Lifeline Insurance Program Aims to Lighten the Road for Low-Income Drivers Lawmakers in Minnesota are shifting gears toward affordability with a newly proposed initiative aimed at providing low-cost auto insurance to low-income residents. Dubbed the Minnesota Lifeline Insurance Program, this program promises a streamlined safety net for drivers whose budgets are stretched thin. If enacted, this legislation could help ensure that essential transportation doesn’t remain out of reach for many Minnesotans. Learning from the Blueprint of Success Minnesota’s proposed plan follows the tracks of similar programs that have rolled…

Where to Find a List of Publicly Held Insurance Companies

April 5, 2025April 5, 2025 Live Insurance News

The U.S. stock market is home to a wide array of insurance companies, ranging from life and health insurers to property and casualty providers. These companies play a vital role in the economy, offering financial protection and risk management services to individuals and businesses alike. Many of these publicly held insurance companies also stand out for their ability to generate consistent cash flow, which allows them to pay dividends to their shareholders. Dividends are periodic payments made to investors, often seen as a sign of financial stability and profitability. For…