Live Insurance News

State Farm Uses Interpleader to Win $800K Life Insurance Fight

April 25, 2025April 25, 2025 H. Cutner

State Farm Wins $800K Life Insurance Dispute, But What Does It Mean for You? How often do you think about your life insurance policy? If the answer is “not much,” you’re not alone. But a recent case involving State Farm and an $800,000 life insurance payout could make you reconsider. The case centered on a legal tug-of-war between a named beneficiary and an estate, and while it might seem like just another courtroom story, it actually offers up some fascinating lessons for insurance companies and policyholders. Here’s what happened and…

Court Denies Allstate’s ‘Phantom Vehicle’ Appeal, Setting Legal Precedent

April 25, 2025April 24, 2025 Ben Jones

Overview of the Landmark Case The Florida Third District Court of Appeal recently made waves in the insurance and legal community by denying Allstate Insurance Company’s appeal in a collision case involving a so-called “phantom vehicle.” The term refers to a car that allegedly caused a crash but cannot be identified or located. At the heart of this case was a claim made by Priority Medical Centers, LLC, on behalf of an injured motorist who alleged that a phantom vehicle was to blame for the collision. Allstate, denying the existence…

New York Makes the Cut as the 15th State to Mandate Biomarker Testing Coverage

April 25, 2025April 24, 2025 H. Cutner

A Shift Toward Precision Medicine New York has joined the growing ranks of states requiring health insurers to cover biomarker testing, becoming the 15th state to recognize the value of precision medicine. While it may sound like something ripped from a science fiction novel, biomarker testing is a very real, highly effective tool in modern healthcare. It allows doctors to analyze a patient’s tissue, saliva, or blood to identify specific biological markers. These markers help guide decisions on treatments tailored to that individual’s illness, whether it’s cancer, rheumatoid arthritis, or…