Live Insurance News

Can AI Really Decide Your Medical Needs? Texas Says Not Alone

January 28, 2025January 27, 2025 Ben Jones

Texas Senator Pushes for Stricter AI Regulations in Health Insurance Claims AI in Health Insurance: A Double-Edged Sword The health insurance industry is increasingly turning to artificial intelligence (AI) to streamline processes like patient claims. AI promises faster results, reduced administrative costs, and fewer delays. However, as Texas lawmaker Senator Charles Schwertner highlights with his recently proposed legislation, this growing reliance on AI also comes with serious risks—especially when AI systems replace human expertise in critical medical decisions. Schwertner introduced a bill on January 16 that aims to limit the…

Mastering CRM Selection: Expert Tips for Startups and Small Businesses

January 28, 2025 Guest Author

Introduction to Choosing the Perfect CRM In today’s competitive market, startups and small businesses rely heavily on building and nurturing customer relationships. Customer relationship management (CRM) software can be a game-changer, offering tools to streamline processes, improve customer engagement, and scale operations. However, choosing the right CRM consulting service is often a challenge for startups with limited resources. This guide offers a step-by-step approach to help small businesses select and implement the ideal CRM solution. Why is CRM Software Critical for Business? CRM software is critical for startups as it…

Why Homeownership Is Getting Harder in HOA Communities

January 28, 2025January 27, 2025 Angela Linders

HOA Communities affected by homeowner's insurance

Rising Insurance Costs Hit Homeowners’ Associations Hard Homeowners’ associations (HOAs) across the United States are dealing with a growing challenge that’s hitting both their budgets and the wallets of individual homeowners—rising insurance costs. This trend, fueled by climate-related risks, aging infrastructure, and shifts in the insurance market, is reshaping how HOAs operate and, in many cases, forcing difficult decisions at both the board and homeowner levels. The Insurance Crunch: A Nationwide Issue From Florida’s hurricane-prone coastlines to hail-prone states like Minnesota and Colorado, insurers are either raising premiums dramatically or…

Florida House Bill 13 Aims to Shake Up Home Insurance in the Sunshine State

January 27, 2025 G. Turner

Citizens Insurance Focus - home insurance

Expanding Citizens Insurance to Address Windstorm Damage Florida is no stranger to the wrath of hurricanes. With the state regularly experiencing some of the costliest natural disasters in the United States, reliable home insurance has become both a necessity and a challenge. Enter House Bill 13, a proposal that could significantly alter the insurance landscape. Sponsored by Rep. Hillary Cassel of Broward County, this legislation seeks to make Citizens Property Insurance Corp. — a state-run insurer — available to all Florida property owners for windstorm coverage. The bill primarily targets…

Allstate Raising Rates – Why Illinois Homeowners Are Feeling the Heat

January 27, 2025January 26, 2025 Logan B.

The Ripple Effects of Disasters Across State Lines When you think of California wildfires, Illinois might not be the first place that comes to mind. But for Illinois homeowners, the aftermath of these extreme weather events is becoming all too real. Insurance rates in the state are set for another round of increases, with companies like Allstate hiking premiums by 14.3%. And although Illinois hasn’t faced catastrophic fires or hurricanes, the impact of climate change is blurring geographical boundaries, causing ripple effects that stretch far beyond disaster zones. According to…

Super Bowl Ads Take a Backseat as State Farm and FireAid Put Communities First

January 27, 2025January 26, 2025 Tate Ellison

Los Angeles wildfires homes and cars totaled

State Farm Reallocates Super Bowl Ad Budget to Support Californians Impacted by Wildfires Southern California continues to deal with the destruction caused by widespread wildfires, which began on January 7, 2025. Amid these challenges, State Farm has decided to redirect its Super Bowl advertising budget to initiatives aimed at helping those affected by the disaster. The company’s efforts include expediting claims, offering premium payment extensions, and deploying their Catastrophe Response Team to provide ground-level assistance. This initiative, combined with the upcoming FireAid benefit concert, highlights a broader focus on supporting…

Why Louisiana Is One of the Most Expensive States for Insurance

January 24, 2025January 24, 2025 Live Insurance News

Louisiana - the Most Expensive States for Insurance

Legislative Efforts in 2024 Signal Progress, but Challenges Remain Louisiana’s insurance market has long been fraught with challenges, and while legislative reforms in 2024 represented a step toward stabilizing the market, deeper systemic issues still require attention. According to the Insurance Information Institute’s (Triple-I) recent report, Trends and Insights: Louisiana Insurance Market, residents continue to face some of the highest auto and homeowners insurance costs in the nation. Triple-I’s findings revealed striking numbers that underscore this affordability crisis. For auto insurance, the average annual expenditure in Louisiana stood at $1,588…