Live Insurance News

Can Everglades Environmental Restoration Help Lower Rising Insurance Premiums?

April 24, 2025April 24, 2025 H. Cutner

Everglades Restoration Efforts Could Safeguard Florida Keys and Boost the Economy The Everglades, a sprawling subtropical wetland at Florida’s heart, holds far more significance than its postcard-perfect fan boats and alligators might suggest. The push to restore this “River of Grass” isn’t just about keeping the sawgrass healthy; it’s about addressing high stakes for the environment, the Florida Keys, and the broader economy—including its precarious insurance market. Efforts under the Comprehensive Everglades Restoration Plan (CERP) could bring massive economic and ecological benefits. But the path forward is riddled with both…

Washington’s New Insurance Law Tackles Lowball Payouts for Totaled Vehicles

April 24, 2025April 23, 2025 Ben Jones

If you’ve ever been frustrated by an insurance company undervaluing the damage to your car after an accident, Washington State has just passed a law to address that exact headache. Starting January 1, 2026, a brand-new regulation will hold insurers accountable for ensuring fair payouts and repair estimates for totaled vehicles. The new measure, encapsulated in Engrossed Senate Bill 5721, aims to streamline the claims process while protecting consumers from being undercompensated. Here’s what you need to know about how this law shakes up the world of auto insurance and…

Can This New Law Fix Insurance Complaints Faster? New Mexico Thinks So

April 23, 2025April 23, 2025 Tate Ellison

New Mexico Grants Subpoena Power to Superintendent of Insurance: What Does it Really Mean for You? – A New Tool for Accountability in the Insurance World New Mexico has made a striking change to its regulatory landscape with the passage of Senate Bill 124 (SB 124). Signed into law on April 10, 2025, this legislation arms the state’s superintendent of insurance with a significant tool for oversight. For the first time, the superintendent can issue civil investigative subpoenas during the early phases of investigations, before formal action begins. This move…

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,…

No More Fine Print! Inside Florida’s Push for Honest Pet Insurance

April 22, 2025April 22, 2025 Angela Linders

Florida’s New Pet Insurance Law Seeks to Protect Pet Owners and Their Pockets Florida’s furry friends just got a boost of support, and their humans might be breathing a sigh of financial relief, too. Starting January 1, 2025, a new state law establishes a regulatory framework for pet insurance, bringing long-awaited transparency and rules to a fast-growing sector. It’s not often lawmakers agree with such enthusiasm, but this bill passed both the House and Senate without a single dissenting vote. If you’ve got a tail-wagging buddy or a purring companion,…

California Homeowners Take on Big Insurers Over Alleged Conspiracy

April 21, 2025April 20, 2025 Nordstrom

California Insurers Face Allegations of Collusion in Wake of Wildfires California’s fiery start to the year has left a group of homeowners turning to legal action against some of the state’s largest insurance providers. Lawsuits filed in recent months accuse major insurers, including State Farm and Farmers Insurance, of conspiring to push homeowners in wildfire-prone areas toward the California FAIR Plan, a state-administered program meant as a last resort for those unable to secure traditional coverage. The allegations center on unfair business practices and antitrust violations, igniting a broader debate…

Uber’s Multifaceted Push for New York Insurance Reform

April 21, 2025April 20, 2025 G. Turner

Uber Technologies has embarked on a six-figure advertising marathon in New York, targeting lawmakers to address the tangled mess of the state’s insurance markets. With the insolvency of the city’s largest taxi insurer looming as one of the key culprits, Uber’s campaign is both a strategic and high-stakes move. Here’s what you need to know about this complex dance between tech, transportation, and insurance reform. What’s Driving Uber’s Big Ad Spend? Rising insurance costs have become a thorn in the side of Uber and its drivers in New York, one…