Day: April 29, 2025

The Hidden Link Between Fireproof Homes and Affordable Insurance in Idaho

Live Insurance News
Fireproof Homes and Affordable Insurance in Idaho

Idaho’s ‘Home Hardening’ Initiative Tackles Wildfire Risk and Insurance Challenges Idaho homeowners are feeling the heat, and not just from soaring summer temperatures. With an increasing number of wildfires blazing across the region, insurers are pulling out. By 2025, nearly 25 of the 91 insurance carriers operating in the state had left, citing wildfire risks as the main culprit. And for those that remain, stricter underwriting practices mean higher premiums or outright refusals to renew coverage. Dean Cameron, director of the Idaho Department of Insurance (DOI), puts it bluntly, “Insurance…

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The $300 Pill Dilemma: Understanding America’s Prescription Cost Crisis

Nordstrom
Prescription Cost Crisis

Millions Can’t Afford Prescription Medications Due to Their Pricing This is the case for around one in five Americans who cannot afford to purchase required medicines. That is not an embellished claim; it’s the harsh day-to-day stress of millions. The ongoing cost of medications places excessive burdens on families forcing them to dangerously choose between their health and basic household expenses like rent or groceries. In a survey done in 2024, 21% of respondents confessed to not taking, skipping, or delaying medications solely due to the prohibitive costs involved. The…

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Insurance News – Stormy Debate Surrounds Louisiana’s State Reinsurance Proposal

Tate Ellison
Louisiana's Proposed State Reinsurance Program

Industry Pushes Back Against Louisiana’s Proposed State Reinsurance Program A new Louisiana bill aiming to establish a state-backed catastrophe reinsurance program is sparking heated debate between lawmakers and industry leaders. Proponents believe the fund, supported by state-issued bonds, could stabilize the state’s fragile insurance market amidst escalating climate risks. Critics, however, argue it might backfire, shifting costs rather than solving the deeper issues. The proposed program would serve as a financial safety net for insurers, designed to absorb some of the catastrophic losses from hurricanes and other disasters. Advocates point…

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