Category: Insurance Industry News

Here is where agents and brokers can get a wealth of information in their specific occupation. Insurance company headlines amongst other related topics are free for you choose from.

Insurance Claim Handling in the Hot Seat: What a Texas Ruling Tells Us

Marc
Insurance Claim Handling in Texas

Texas Appellate Court Blocks Pre-Suit Discovery Amid Claims Handling Dispute A recent Texas appellate court decision has drawn attention to the boundaries of Rule 202 discovery, spotlighting a legal tug-of-war over how insurance claims are handled and investigated. For anyone navigating the tricky intersection of legal procedures and insurance policies, this case serves as a microscope into the challenges and stakes involved. The Layers of the Case: A Collision and Complications It started with a multi-vehicle accident on June 22, 2022. Walter Naymola Jr. was behind the wheel of a…

Read More

New York’s New Pet Liability Ruling: What Every Pet Owner Needs to Know

Nordstrom
New York’s New Pet Liability Ruling

Owning a pet just got a little more serious in New York, thanks to a groundbreaking decision by the state’s highest court. If you’re a pet owner, you might want to pay attention, because the rules about who’s responsible when something goes wrong have changed in a big way. The New York Court of Appeals recently decided that pet owners can now be held liable for injuries caused by their animals—not just under the long-standing “strict liability” rules, but also for negligence. What does that mean for you? It means…

Read More

House Bill 116 and the Fight to Insure Alaska’s Commercial Fishing Industry

Logan B.
Alaska’s Commercial Fishing Industry

Alaska’s Fishing Industry Faces Commercial Insurance Crisis For Alaska’s commercial fishermen, the rising cost and dwindling availability of insurance have created choppy waters in an already challenging industry. Insurance premiums for fishing vessels have surged, and older boats are finding it nearly impossible to gain coverage. Some fishermen are even contemplating leaving the industry, unable to bear the financial risk. The numbers tell a sobering story. Alaska’s seafood industry suffered a $1.8 billion economic hit between 2022 and 2023, and higher insurance costs aren’t helping matters. Many older vessels, though…

Read More

A New Perspective on Insurance: What Young Insurance Agents Are Prioritizing in 2025

Loreen
Young Insurance Agents

A Seasoned Perspective on the Journey of Young Insurance Agents Having spent years in the insurance business here in Southern California, both working for others and running my own agency, I’ve seen the industry evolve in ways that are both challenging and exciting. It’s not just about policies and premiums; it’s about people. That’s why it’s heartening to see young agents today prioritize relationships, even as they face unprecedented challenges in a shifting landscape. When I opened my agency, I learned quickly that insurance is a business built on trust.…

Read More

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

Marc
Rewriting Arkansas Rules for Liability in Off-Road Motorcycles

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.…

Read More

The Hidden Link Between Fireproof Homes and Affordable Insurance in Idaho

Live Insurance News
Fireproof Homes and Affordable Insurance in Idaho

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…

Read More

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

Nordstrom
Prescription Cost Crisis

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…

Read More