Live Insurance News

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

May 1, 2025April 29, 2025 Marc

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…

Colorado’s Crash Prevention Plan: Safer Roads, Better Insurance Rates?

April 30, 2025April 30, 2025 Tate Ellison

Safer Roads Ahead? Colorado’s Push for Cutting Collisions and Costs A bold initiative is underway in Colorado to address the rising costs of auto insurance through a unique combination of infrastructure improvements, safety measures, and dedicated funding. The Colorado House of Representatives has proposed House Bill 1303, commonly known as the Crash Prevention Enterprise, which aims to reduce collisions, enhance road safety, and potentially lower auto insurance premiums. At the center of the bill is a modest $3 fee for every insured vehicle in the state, generating necessary funding for…

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

April 30, 2025April 29, 2025 Nordstrom

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…

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

April 30, 2025April 30, 2025 Logan B.

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…

Capping Claims, Cutting Costs? Examining Louisiana’s Auto Insurance Reforms

April 29, 2025 Anna Cruise

From Tort Reform to Rate Relief, Lawmakers Weigh Impact on Drivers Legislative gears are grinding in Louisiana as state lawmakers push forward a series of insurance-friendly bills designed to address the state’s notoriously high auto insurance rates. But here’s the million-dollar question on everyone’s minds (or, more appropriately, the $5-million cap question): Will these changes actually lighten the financial burden for drivers, or are we spinning the same legislative wheel? A Legislative Push for Change Today, the Louisiana House of Representatives approved 16 pro-insurance industry bills, sending them to the…

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

April 29, 2025April 28, 2025 Marc

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.…

$600 Million Settlement in Ohio Train Derailment Shines a Spotlight on Liability Insurance

April 28, 2025April 28, 2025 Ester Adams

The Price of Accountability and Insurance Adjustments When a Norfolk Southern freight train derailed in East Palestine, Ohio, on February 3, 2023, it set off more than environmental and community alarms. Behind the scenes, the insurance world braced for shockwaves. With the derailment spewing hazardous vinyl chloride and a controversial “vent-and-burn” operation intensifying damages, the case has concluded in a staggering $600 million settlement. The aftershocks of this legal outcome, however, are perhaps even more striking in corporate liability insurance circles. The settlement has put Norfolk Southern squarely on the…