Louisiana Lawmakers Debate Controversial Insurance Bill What happens when someone who’s undocumented gets into a car accident in Louisiana? It’s already complicated, but House Bill 436 might make it even more so. The bill, sponsored by Rep. Gabe Firment (R-Pollock), aims to prohibit undocumented immigrants from recovering insurance payouts for general damages like pain and suffering. Why? Firment says it’s a way to tackle Louisiana’s auto insurance crisis and discourage undocumented immigration. The bill recently cleared the Senate Committee on Judiciary A with a 4-3 vote, following strict party lines. Now, it’s…
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Why a Florida Insurer’s IPO Is Turning Heads in a Risky Market
Florida’s American Integrity Insurance Goes Public in $110M IPO It’s not every day a Florida property insurance company takes a leap into the public market. But on the New York Stock Exchange, Tampa-based American Integrity Insurance Group just made history. The company raised $110 million through its initial public offering (IPO), becoming Florida’s first insurer to go public in over five years. Why is this such a big deal? For one, the Florida property insurance market hasn’t had it easy. Remember the hurricanes of 2004 and 2005? Those storms created…
Read MoreFrom 55+ to Everyone: The Push to Broaden Minnesota Auto Insurance Savings
Minnesota’s Insurance Rules Are About to Get a Big Shake-Up. Here’s How Insurance discounts are great, right? But who actually qualifies for them in Minnesota? Currently, drivers 55 and older can save at least 10% on their car insurance premiums if they complete a state-certified accident prevention course. It’s all thanks to Minnesota Statutes §65B.28, which ensures older drivers who actively work on their road safety skills get rewarded. But what about everyone else? That’s what House File 3290, a new bill in the Minnesota legislature, is trying to address.…
Read MoreNOAA Cuts Leave Insurance Companies Asking, “Now What?”
Picture this: A powerful hurricane approaches your community. Insurance companies brace for the surge of claims they anticipate. How do they determine areas of highest risk and ensure policies remain viable in a world increasingly impacted by extreme weather? They turn to the critical data provided by NOAA (National Oceanic and Atmospheric Administration). Well, they used to. The current administration decided to stop updating NOAA’s “billion-dollar weather and climate disasters” database after 2024. This isn’t just a blip on the radar; it’s a seismic shift for the insurance industry and…
Read MoreState Farm Isn’t Alone in Facing California Heat, But What Sets It Apart?
California’s Insurance Woes Deepen Amid Wildfire Claims and Allegations The aftermath of California’s wildfires isn’t just about scorched homes and devastated communities. It’s also become a battleground between homeowners and insurance giants. And no name has been tossed around more than State Farm’s. Insurance Commissioner Ricardo Lara made one thing clear last week when he said a formal investigation into how the insurer handled wildfire claims isn’t off the table. What’s Lara hinting at? Complaints. From survivors of the Eaton and Palisades fires, who’ve accused State Farm of delayed payments…
Read MoreWhy Allstate Thinks Your Auto Insurance Rates Won’t Spike Just Yet
Allstate Weighs in on Auto Insurance Rates and What’s Coming Next Got car insurance? Then there’s a good chance you’re watching your premiums like a hawk. With prices on the rise everywhere—from groceries to gas pumps—we’re all wondering what’s next for insurance rates. Lucky for us, Allstate’s got some answers. Sort of. Here’s the big takeaway from Allstate’s recent commentary on the auto insurance market: rates aren’t plunging anytime soon, but massive hikes aren’t right around the corner either. Sounds like a mixed bag, doesn’t it? Tariffs Are Coming for…
Read MoreOPINION Article: Why the Ghost Gun Debate Has Huge Implications for Insurance Costs
Ghost Guns, Big Lawsuits, and Insurance Drama What happens when New York sues firearm manufacturers, claiming their products are fueling violence? You’d expect a legal showdown between the state’s attorney general and the gun companies. But what if insurance companies are suddenly dragged into the mess? Yep, it gets complicated. And that’s exactly what’s happening in the ongoing lawsuit over ghost guns, with major players like AIG and an insurance trade group stepping into the ring. Where do insurance companies fit into this? Here’s the deal. New York filed this…
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