Live Insurance News

Kentucky Auto Insurance Gets a Makeover: What It Means for You

July 15, 2025July 14, 2025 Marc

What Kentucky’s New Auto Insurance Regulation Means for Drivers The Kentucky Department of Insurance (DOI) has shaken up how auto insurance companies determine the value of wrecked or damaged vehicles. This might not seem like the most thrilling news, but if you’re a Kentucky driver, it’ll likely impact you if you file a claim. Here’s a breakdown of what’s changed, how it used to work, and what it all means for policyholders. What Was the System Before? Before this new rule, insurers had to turn to valuation guides by the…

ACA Health Insurance Premium Tax Credits: A Lifeline on the Brink

July 12, 2025July 12, 2025 Logan B.

The Clock is Ticking: What’s Next for ACA Premium Tax Credits? The Affordable Care Act (ACA) premium tax credits have been a lifeline for millions. But with their enhanced version set to expire at the end of 2025, the stakes couldn’t be higher. Let’s break it down. A Timeline of the Enhanced Premium Tax Credits 2021: The American Rescue Plan Act introduced enhanced premium tax credits, making health insurance more affordable for millions. It expanded eligibility and capped premiums at 8.5% of income for many. 2022: The Inflation Reduction Act…

Montana Insurance Crisis: When the Math Doesn’t Add Up, Enter the Moratorium

July 11, 2025July 10, 2025 H. Cutner

A State on Fire—Literally and Financially Montana is burning. Not just from wildfires, but from skyrocketing insurance costs. The average homeowner now pays $3,819 per year for insurance—far above the national average of $2,423. Why? Wildfire risks, rising property values, and supply-demand economics are driving premiums through the roof. Homeowners are feeling the heat, and the financial strain is becoming unbearable. The Moratorium: A Lifeline for Homeowners Montana State Auditor James Brown stepped in. After complaints poured in from homeowners affected by the Jericho Mountain Fire, he issued a moratorium…

Hawaii Insurance Market Makeover: A Win for Condo Owners

July 10, 2025July 9, 2025 Logan B.

Stabilizing Hawaii’s Insurance Market for Condo Owners Insurance premiums are out of control. Condo owners are struggling to keep up. Properties teetering on the edge of being uninsurable. Sound familiar? If you own a condo in Hawaii, you know the struggle. That’s why Senate Bill 1044 is such a big deal. Signed into law by Governor Josh Green on July 7, 2025, this bill is here to bring relief. It’s not a perfect fix, but for many, it’s a lifeline. Relief on the Way What’s in it for condo owners?…

Rhode Island’s New Pet Insurance Act Is Here. What’s the Big Deal?

July 8, 2025July 8, 2025 Marc

Rhode Island is shaking up the pet insurance game. Come January 1, 2026, insurers selling coverage for pets in the Ocean State will have to follow the strict rules laid out in the brand-new Pet Insurance Act. This law isn’t just about pets—it’s about protecting people, too. Confused policies? Hidden fees? Sneaky preexisting condition exclusions? Rhode Island says, “No more.” But what does this mean for pet owners—and insurers? Could this act set standards across the U.S.? Here’s everything you need to know about the law that has the entire…

From Puppy Mills to Transparency: California’s Fight for Pet Safety

July 7, 2025July 7, 2025 Anna Cruise

California’s New Pet Bills: What You Need to Know California is shaking things up for pet owners, breeders, and brokers. Three new bills are making their way through the state legislature, and they could change the way pets are bought, sold, and even insured. Let’s break it down. Why These Bills? It all started with a bombshell investigation by the Los Angeles Times. The report exposed a troubling pipeline of dogs being imported into California, many from puppy mills—large-scale breeding operations that prioritize profit over animal welfare. These mills are infamous…

The 15% Penalty That’s Changing Auto Insurance Disputes in Connecticut

July 6, 2025July 6, 2025 G. Turner

Connecticut’s Auto Insurance Shake-Up: Faster Payments, Higher Stakes Connecticut just flipped the script on auto insurance disputes. Claimants? They’ve got reason to celebrate. Insurers? Not so much. A new law, known as House Bill 6435—or Act 25-131—shifts the playing field, and changes are already in motion. The goal? Faster payments for claimants and a system that doesn’t drag disputes through endless, costly delays. But what exactly does this mean, and why should anyone care? Claimants Get Paid. Fast. Ever felt stuck in limbo waiting for an insurance payout? This overhaul…