Author: Live Insurance News

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

Live Insurance News
Farmers court ruling insurance law

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…

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Your Quick Guide to the Day’s Top Insurance News Headlines

Live Insurance News
Insurance news short stories this week

Lemonade’s Car Insurance Waitlist Reaches 700K Lemonade, a leader in the insurtech sector, announced an impressive milestone with 700,000 customers on the waitlist for its car insurance offerings. The service, which is only available in select areas, has generated significant consumer interest due to its tech-driven, user-friendly approach. Lemonade’s business model heavily relies on artificial intelligence to streamline every aspect of the insurance process, from underwriting to claims settlement. This innovation continues to disrupt traditional insurance practices, highlighting the growing appeal of modernized, hassle-free coverage options. To Read More About…

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Where to Find a List of Publicly Held Insurance Companies

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Publicly Held Insurance Companies

The U.S. stock market is home to a wide array of insurance companies, ranging from life and health insurers to property and casualty providers. These companies play a vital role in the economy, offering financial protection and risk management services to individuals and businesses alike. Many of these publicly held insurance companies also stand out for their ability to generate consistent cash flow, which allows them to pay dividends to their shareholders. Dividends are periodic payments made to investors, often seen as a sign of financial stability and profitability. For…

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Why Gen Z Is Checking Weather Maps Before Signing a Mortgage

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Gen Z Is Checking Weather Maps

Weather Disasters and Rising Insurance Costs: A Barrier to Millennial and Gen Z Homeownership Homeownership has long been seen as a pillar of the American Dream, but for Millennials and Gen Z, that dream is becoming increasingly out of reach. It’s not just student loans or sky-high housing prices putting a dent in young buyers’ ambitions. Severe weather disasters and rising home insurance costs, fueled by climate change, are rewriting the rules of who can afford to own a slice of real estate. The Cost of Climate Change Hits Home…

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Life Insurance and Annuity Growth in Focus: Key Trends Shaping the US Insurance Market

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Life Insurance and Annuity Growth

Modest Growth Expected for U.S. Life/Annuity Insurance Sector Through 2025 Despite market volatility and economic uncertainties, the U.S. life and annuity (L/A) insurance sector is projected for modest growth over the next two years. According to Best’s Market Segment Report, the industry will see a boost of approximately $48 billion in capital and surplus combined through 2024 and 2025. Additionally, net income is expected to climb to $51.1 billion in 2025, exceeding pre-pandemic levels by a significant margin. However, while the numbers signal progress, the challenges ahead are as thought-provoking…

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State Farm Calibration Pilot Program Leaves Repair Shops and Drivers Divided

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State Farm Calibration Pilot Program

Consumers and auto repair professionals alike are feeling the effects of State Farm’s new calibration pilot program, which began in October 2023. While the program promises to streamline advanced driver assistance system (ADAS) calibrations and reimburse repair facilities accurately, many Colorado-based shops are raising concerns about insufficient payments and challenges meeting manufacturer standards. The situation highlights growing pains not only for the insurance industry but also for consumers navigating post-collision repairs. What Is State Farm’s Calibration Pilot Program? State Farm launched its calibration pilot program for Colorado and Michigan, with…

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A Wake-Up Call for Healthcare? Inside Blue Cross Blue Shield MA Historic $400M Loss

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Blue Cross Blue Shield MA Historic 400M Loss

Blue Cross Blue Shield of Massachusetts Reports Record $400.4M Loss in 2024 Healthcare Spending Surge Creates Financial Pressures Blue Cross Blue Shield of Massachusetts (BCBSMA) ended 2024 with a staggering $400.4 million operating loss, marking the most severe financial setback in the nonprofit insurer’s history. The company attributed this decline to an unprecedented surge in healthcare spending, which has risen at its fastest pace in more than a decade. For context, the company’s largest prior loss, recorded in 2009, was $223.6 million—less than half of 2024’s figure. BCBSMA’s net loss…

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