Live Insurance News

“Insurance Poor”: The Silent Crisis Draining American Wallets

July 14, 2025July 14, 2025 Live Insurance News

You’ve probably heard someone say it: “Every month, it’s like half my paycheck disappears into premiums. It’s exhausting.” That’s what it means to be insurance poor—a reality millions of Americans face every day. They’re stuck paying sky-high premiums for health, auto, home, and life insurance, leaving little to cover the rest of life’s essentials. How did we get here? And how many are stuck in this financial trap? The Numbers Don’t Lie Insurance costs are eating up more of our paychecks than ever before. Health insurance premiums alone have skyrocketed. According to recent…

How to Weather the Storm of Minnesota Home Insurance Increases

July 14, 2025July 14, 2025 Angela Linders

Minnesota Retirees Brace for Rising Insurance Rates Retirement should mean relaxation, not financial headaches. But in Minnesota, rising homeowners insurance costs are becoming a major concern—especially for retirees on tight budgets. If you own a home, you’ve probably noticed your premiums creeping up. And, unfortunately, more hikes are on the way. The Numbers Don’t Lie Here’s the hard truth. Homeowners insurance in Minnesota already costs an average of $4,000 a year. That’s a big chunk of change. And according to Realtor.com, rates are expected to increase by 15% by the…

Swiss Re’s Vision for 2025: A Riskier, More Fragmented Insurance Industry

July 9, 2025July 9, 2025 G. Turner

The world feels divided these days, doesn’t it? Well, according to Swiss Re’s latest Sigma report, it’s not just a feeling. The global insurance industry is following suit, adapting to a world Swiss Re describes as “riskier” and “more fragmented” by 2025. Titled “sigma 2/2025: World Insurance in 2025,” the report dives headfirst into the challenges insurers will face in the coming years. Volatile exchange rates. Asset price swings. Tariffs that throw markets for a loop. It’s all here – and it’s not all sunshine and rainbows. But here’s the…

No Proof, No Payout: The New Rules for Louisiana Insurance Claims

July 8, 2025July 7, 2025 H. Cutner

Insurance Industry Reacts to Louisiana’s New Claims Law Louisiana’s House Bill 437 is shaking things up in the insurance world. Signed into law in June 2025, it’s got insurers, agents, and industry groups buzzing. Why? Because it changes how claims are paid out and adds new penalties for delays. Some are calling it a win for insurers. Others? Not so much. Here’s the deal: the law lets insurers hold back replacement cost payouts until policyholders prove they’ve paid their deductible. Proof means real evidence—like canceled checks, credit card statements, or…

When Protests Turn Costly: The Role of Political Violence Insurance

June 30, 2025June 29, 2025 Logan B.

How Businesses Are Betting Big on Political Violence Insurance Insurance. It’s not glamorous, but it’s essential. Especially when the world feels like it’s on fire—sometimes literally. Political violence insurance is booming, and for good reason. Businesses are scrambling to protect themselves from the chaos of strikes, riots, and civil unrest. But is it worth the investment? Let’s break it down. The Numbers Don’t Lie Since 2010, strikes, riots, and civil commotion (SRCC) events have racked up over $10 billion in insured losses globally. Compare that to less than $1 billion for…

From Catastrophes to Contracts: Citizens Insurance’s New Rules Explained

June 19, 2025June 18, 2025 Logan B.

Simplification or Cost-Cutting? The Real Reason Behind Citizens Insurance’s New Policy Citizens Property Insurance Corp. has made a big change. Public adjusters—professionals who help policyholders get fair insurance payouts—will no longer have their names included on settlement checks. Instead, checks will go directly to the policyholder. Citizens says this is about simplifying the process. But is it really? Or is there more to it? Why the Change? Public adjusters are hired to handle insurance claims. They negotiate with the insurance company and often secure higher payouts than policyholders could on…

Rising Builders Risk Insurance Cost Hits U.S. Construction Projects Amid Climate and Supply Chain Pressures

June 9, 2025 Guest Author

In 2025, the U.S. construction industry is facing a perfect storm of challenges. Alongside labor shortages and inflation, builders now find themselves wrestling with another escalating expense: insurance. Specifically, builders risk insurance cost has surged across the country, complicating budgets and timelines for both commercial and residential projects. Once seen as a manageable line item, builder’s risk insurance is now commanding far more attention — and raising tough questions about long-term project viability. It is why Management should think about seeking the advice of independent insurance consultants such as DeshCap…