Author: Julie Campbell

Julie Campbell has been writing professionally for over 15 years, following a brief career in the insurance industry, in which she took emergency claims while guiding and supporting policyholders through some of the most difficult moments in their lives. Today, she reports on the latest stories and most recent news in the insurance industry, with a particular focus on how current events are impacting everyday people. Follow Julie Campbell on Google+

Nature Conservancy adds $2 million insurance coverage for Hawaii’s coral reefs

Julie Campbell
Insurance coverage - Coral Reefs in Hawaii

The Central Pacific hurricane season is already underway, and the state is preparing for damage. The Central Pacific hurricane season has started, and this year, the Nature Conservancy has purchased $2 million in insurance coverage to protect against potential damage to the coral reefs in Hawaii. This represents the first time the Nature Conservancy has purchased this type of policy. This insurance coverage is the first of its kind in the United States, in an important move that acknowledges the impact of climate change on increasingly common and destructive hurricanes…

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Climate change is sending California into an insurance crisis

Julie Campbell
Climate change - Crisis Ahead California Flag

Increasingly frequent and damaging wildfires are making coverage extremely expensive, when it’s available. Climate change has been blamed for the worsening wildfires that have plagued California over the last few years, and this problem has been affecting the insurance industry to an increasing degree, as coverage becomes more difficult to obtain, and challenging to afford when it is available. Major insurers State Farm and Allstate have stopped selling new home and business policies in California. As is the case with natural disasters in other parts of the country, such as…

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Allstate is no longer selling new California home insurance policies

Julie Campbell
California home insurance - homeowners insurance policy - X

Immediately after State Farm’s exit from selling in the market, its top competitor has done the same. Allstate has announced that it is no longer selling new California home insurance policies, removing it from the pool of available coverage for homeowners following State Farm’s exit from sales only days before. That said, despite the fact that the announcement was only just made, the insurer’s statement said it stopped accepting new policies as of last year. This means that two of the largest insurers in the country are no longer selling…

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State Farm will no longer sell home insurance in wildfire-prone California

Julie Campbell
Home insurance - House on fire

The giant has announced that it is leaving the state’s homeowners’ market due to high risk and construction costs. State Farm has announced that due to spiking wildfire risks and construction costs, it is leaving selling in California’s home insurance market altogether. The insurer is stopping new sales of the coverage in the state, which it says has become too expensive. State Farm issued an official media release to announce its withdrawal from the home insurance market in California. It stopped accepting business and personal applications on May 27. That…

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Boat insurance companies release hurricane season preparedness tips

Julie Campbell
Boat insurance - Boat on stormy water

The Atlantic hurricane season starts in June and insurers want watercraft owners to keep their property safe. As boating season begins, hurricane season is also approaching, so boat insurance companies are issuing reminders to owners to make some simple changes to protect their property. Many of the tips are straightforward and should be a part of annual maintenance for watercraft. Though it is difficult to predict whether there will be an active season for hurricanes and tropical storms, it is always a good idea to take the right steps to…

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Oregon is looking into a universal health care plan

Julie Campbell
Universal health care - Welcome to Oregon Sign

The state is considering the creation of a nine-member board that would be responsible for its development. In Oregon, a panel of lawmakers recently received two days of public testimony at its Capitol in Salem regarding a proposed nine-member governance board that would be responsible for developing a universal health care plan to provide coverage for everyone in the state. The governance board under Senate Bill 704 would develop a single-payer system for the coverage. Under Senate Bill 704, the nine-member board would be responsible for the creation of a…

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State Farm’s top location for frozen pipe damage isn’t where you’d think

Julie Campbell
Frozen Pipe Damage on Building

The insurer has released a list of the top states where water pipes have burst from cold. State Farm has released a list of the top ten states for frozen pipe damage and winter water losses for 2022, and the location at the top of the list might surprise you. Texas was, by quite a large amount, the most expensive state for such damages. Texas claim costs of this nature through State Farm reached approximately $64 million in 2022. As high as the frozen pipe costs were in Texas last…

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