Live Insurance News

From Ted Lasso to the NFL, Cristo Fernández Joins Patrick Mahomes for a State Farm Adventure

September 4, 2024September 3, 2024 Logan B.

Cristo Fernández, widely recognized for his role as the cheerful footballer Dani Rojas in the hit series ‘Ted Lasso’, has recently expanded his talents into the world of advertising. Fernández stars alongside NFL superstar Patrick Mahomes in the new State Farm campaign “Bundle Is Life,” a collaboration that highlights his versatility and love for sports. In a recent interview with Sports Illustrated, Fernández shared his experiences filming the campaign, his newfound NFL fandom, and thoughts on the future of ‘Ted Lasso’. Cristo Fernández and Patrick Mahomes Unite in State Farm’s…

Grapefruit-Sized Hail? Climate Change Could Bring Giant Ice Stones

September 3, 2024September 2, 2024 Ester Adams

Introduction to the Giant Hailstones Study A new study published in the journal npj Climate and Atmospheric Science covered by USA Today predicts an increase in ice stones larger than two inches as a result of climate change. This situation could pose challenges for individuals with hail-damaged cars, including dents and shattered windshields, as well as for the auto insurance industry, which has been implementing record rate increases in 2024. Is there a connection between these two issues? Climate Change and Hailstone Growth The study, co-authored by Victor Gensini, an…

Liberty Mutual’s Subsidiary Non-Renews 17,000 Fire Policies in California Due to Technology

August 31, 2024August 30, 2024 Ester Adams

17,000 Fire Policies Non Renewed in California Due to Technology

Liberty Mutual to Discontinue Dwelling Fire Policies In an unusual development, Liberty Mutual Fire Insurance Company, a subsidiary of Liberty Mutual, has revealed that it will not renew around 17,000 dwelling fire policies in California, citing technology-related factors rather than the increased fire risks that have been prevalent in the state. The decision, set to unfold from September through November, stems from the company’s intent to retire the “antiquated” technology previously used to manage these policies. According to filings with the California Department of Insurance, Liberty Mutual stated that “it…

Montana Insurance Department Challenges Liberty Mutual on Repair Cost Denial

August 28, 2024August 26, 2024 H. Cutner

Overview of the Dispute In a significant move reported by RepairerDrivenNews.com, the Montana Insurance Department has called out Liberty Mutual for its handling of a consumer complaint regarding repair cost denial. Deputy Insurance Commissioner Frank G. Cote challenged Liberty Mutual’s settlement process, specifically their refusal to cover certain repair costs without sufficient evidence. Details of the Case The dispute originated when Liberty Mutual denied payment for blending services performed by a repair facility, asserting that the 50% blend time was “successful” and “well-established.” This response was deemed unsatisfactory by the…

California, Colorado and Texas Face Billion-Dollar Home Insurance Dilemma

August 27, 2024August 26, 2024 Nordstrom

California’s Growing Wildfire Risk for Home Insurance Market California homeowners face a growing problem: over 1.2 million homes are at moderate or high risk of wildfire damage, with reconstruction costs exceeding $760 billion. According to CoreLogic’s Wildfire Risk Report, this is particularly concerning for those living in the Wildland Urban Interface (WUI), especially in areas like Los Angeles, San Diego, and Riverside. Climate change is a significant factor, with NOAA’s data showing the number of acres burned each year has nearly doubled since the early ’80s. Reconstruction costs for damaged…