Live Insurance News

Cyber insurance premiums rise while availability falls amid growing threats

July 26, 2022July 25, 2022 H. Cutner

Though the coverage has been around for about a couple of decades, the risks are skyrocketing. Cyber insurance isn’t new to business coverage offerings, but as data breaches, ransomware attacks and other risks rise, so are premiums, while availability is dropping. The coverage is meant to help businesses overcome losses associated with these digital events. Losses covered by cyber insurance can include everything from the cost of repairing the damage to systems and securing them, recovering lost business or disruptions, paying ransoms, rebuilding a reputation and even legal fees in…

42K Louisiana home insurance policyholders were dropped last Friday

July 20, 2022July 21, 2022 H. Cutner

The State Insurance Commissioner is scrambling to address the growing coverage crisis. Last Friday, a staggering 42,000 Louisiana home insurance customers learned that their policies were not going to be renewing and that they had 60 days to find a new policy to ensure uninterrupted coverage. This figure only adds to an already growing number of policyholders dropped by their insurers. According to Louisiana Insurance Commissioner Jim Donelon, there have been six home insurance companies that have completely withdrawn from the state and there are another fifty that have ceased…

Top 5 Financial Tips for Success

July 15, 2022 Guest Author

Finances affect nearly every aspect of a person’s life, and every person can benefit from financial success. In fact, financial literacy encourages individuals to make informed decisions and manage money effectively. If you have a set of financial goals you wish to meet and seek to achieve monetary stability, consider the following top 5 financial tips for success. 1. Be a Wise Financial Steward Before moving on to other tips, you must first know how to manage your money wisely. In short, this involves budgeting, saving, and control. Creating a…

What is the Silent Generation?

May 27, 2022May 26, 2022 Julie Campbell

While Boomers, Millennials and Gen Z are regularly in the spotlight, this group is often overlooked. The Silent Generation is a term referring to people who were born between the years 1925 and 1945. Though they’re not in the spotlight as often as other age groups, they have defined needs and preferences in how they are served by the insurance industry. As popular as technology is, this group is less inclined to use it to obtain the services they require. The Silent Generation is among the least inclined to use…

California health insurance can help people find housing in the state

May 20, 2022May 21, 2022 Julie Campbell

California health insurance - homes - houses

A new experimental plan has been rolled out through Medi-Cal for added support to plan members. A new experimental California health insurance program has been launched to help ease the massive homelessness crisis occurring across the state. The idea is that state residents will be able to obtain housing assistance through their coverage. The program is called CalAIM. It is a unique, experimental California health insurance program that brings healthcare together with housing across the state for the first time. This new strategy allows certain Medi-Cal recipients that are at…

Florida has second most expensive auto insurance in the country

May 16, 2022May 13, 2022 Marc

Drivers in the state spend a larger portion of their income on coverage than most other Americans. Florida auto insurance customers are paying more for their car coverage than nearly any other drivers in the United States. To keep their coverage, Floridian motorists must send more of their paychecks to pay their premiums. This, according to the data published in a new Bankrate.com report, suggests that Sunshine State residents are paying more of their income for their auto insurance than other drivers across the country. In fact, an average of…

Why Preparing Your Estate in Your Lifetimes Should be a Priority

April 29, 2022 Guest Author

Preparing your estate plan in your lifetime should be a priority. Although it’s not something many people want to think about, it is an essential task to complete before you die. Preparing an estate plan means you are able to choose who inherits your assets and all the things that you’ve worked your whole life for. Protect your loved ones by making a detailed plan with all the information they will need, and keep family drama at bay by making it clear which person will get what. Keep loved ones…