Live Insurance News

Why UnitedHealth’s Profit Cut Has Everyone Talking

April 17, 2025April 17, 2025 Marc

UnitedHealth’s Forecast Shake-up Sends Health Insurance Stocks Tumbling Health insurance stocks took a nosedive this week. The sector was rattled after UnitedHealth Group (UNH), the largest U.S. health insurer, announced a steep cut to its profit forecast for 2025. The unexpected move sent shockwaves through Wall Street, with UnitedHealth’s shares plummeting by about 22% in a single day. Fellow major insurers, like Humana and CVS Health, also saw their stocks slide. But behind the numbers lies a story of increased medical costs, consumer demand shifts, and what this could mean…

Consumer Group Takes on Insurance Commissioner in High-Stakes Lawsuit

April 16, 2025April 16, 2025 Angela Linders

Lawsuit Targets California Insurance Commissioner Over Home Insurance Surcharges A courtroom battle is brewing in California over home insurance surcharges tied to devastating wildfire losses, thrusting Insurance Commissioner Ricardo Lara into the spotlight. The legal challenge, filed by the advocacy group Consumer Watchdog, alleges Lara violated state law by enabling insurance companies to pass on the financial burden of wildfire damage to policyholders. At the center of this fight are the ripple effects of the Pacific Palisades and Altadena fires, which left a staggering $4 billion in damages and obliterated…

Chicago’s Crackdown on Rogue Towing Practices Gains Momentum

April 16, 2025April 16, 2025 G. Turner

Chicago is gearing up to get tough on predatory towing companies, a move hailed by insurance associations and consumer advocates alike. A new towing ordinance, sponsored by Alderman Gilbert Villegas, is advancing through City Council. Its promise? To wrestle control back from rogue operators who exploit drivers in vulnerable moments. Rogue Towing’s Whopping Impact on Drivers and Businesses Imagine this: you’ve just been in a fender-bender, your nerves are shot, and before you can blink, a tow truck pulls up uninvited. Sounds convenient at first, but then you’re handed a…

Is Your Pet Safe on Vacation? What You Need to Know About Travel Insurance

April 16, 2025April 16, 2025 Loreen

Traveling with My Dog and Pet Travel Insurance: What I Found Hi there, fellow pet lover! If you’re anything like me, your dog isn’t just a pet; they’re your adventure buddy, your family, and probably the star of your camera roll. I’m a proud dog mom with an itch for travel. Whether it’s exploring a new city or taking a road trip to nowhere, I always wished there was an easier way to combine my two great loves without compromising my pup’s safety (or my peace of mind). That itch…

5,000 Denials and Counting: Why Nevada Homeowners Are in Crisis Mode

April 15, 2025April 15, 2025 Ben Jones

Wildfire Risks Leave Nevada Homeowners Without Insurance Imagine opening a notice in the mail and discovering your home insurance has been canceled. For hundreds of homeowners in Nevada, this isn’t a hypothetical situation. Insurance companies, wary of increasing wildfire risks, are pulling out of high-risk areas, leaving families scrambling for coverage and, in many cases, coming up empty. A striking 481 homeowners in Nevada saw their insurance policies canceled or were denied renewal in 2023 due to wildfire risks. That’s an 82% rise compared to the previous year. What’s worse,…

Farmers Insurance Escapes Whopping $26M Judgment – Here’s Why It Matters

April 14, 2025 Live Insurance News

Oregon Supreme Court Ruling in Bellshaw v. Farmers Insurance Company of Oregon Rewrites the Playbook for Insurer Obligations The Oregon Supreme Court’s April 2025 decision in Bellshaw v. Farmers Insurance Company of Oregon has drawn attention across the insurance industry, raising questions about insurer liability, policyholder rights, and the future of regulatory practices. By reversing a staggering $26.3 million class action judgment against Farmers Insurance, the court defined the scope of insurers’ obligations under Oregon’s “choice-of-shop” insurance law, leaving both insurers and policyholders to grapple with its broader implications. A…

Pay-As-You-Go Auto Insurance: Custom Coverage for Today’s Driving Habits

April 12, 2025April 13, 2025 Guest Author

The conventional auto insurance model was designed for a world where most people commuted daily and used their vehicles consistently. Today’s reality is far more diverse, with remote work, ridesharing, public transportation options, and varying driving patterns becoming increasingly common. Pay-as-you-go auto insurance has emerged as a flexible solution tailored to these modern driving habits. Understanding Pay-As-You-Go Auto Insurance Models Pay-as-you-go auto insurance encompasses several different approaches, all designed to align coverage more closely with actual vehicle usage: Usage-Based Programs These monitor your driving habits through telematics devices or smartphone…