Live Insurance News

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

April 7, 2025April 6, 2025 Live Insurance News

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…

Navigating the New Normal: Home Insurance Deductibles Doubled

August 13, 2024August 12, 2024 Logan B.

In a significant shift that is reshaping the landscape for homeowners, many home insurance companies are raising homeowners’ deductibles from 1% to 2%. This move is prompting homeowners nationwide to reassess their policies and consider the financial implications of higher out-of-pocket expenses in the event of a claim. A Growing Trend in the Insurance Industry The trend of increasing deductibles is becoming more prevalent as insurers recalibrate their strategies to manage the rising costs associated with claims, particularly those related to natural disasters. According to John Cross, a Home Insurance…

Why Snowmobile Insurance is Essential for President’s Day Weekend

February 14, 2024February 14, 2024 Loreen

President’s Day weekend sees a surge in snowmobiling, making insurance crucial before hitting the trails. Understanding snowmobile insurance costs and coverage can protect you from unexpected expenses. Factors like your snowmobile’s make and model, your age, driving record, and location influence your premium. Knowing these details not only prepares you financially but also ensures a safe and enjoyable ride. So, gear up for this President’s Day weekend with the right insurance coverage. Factors Influencing Insurance Premiums The cost of snowmobile insurance is influenced by a range of factors similar to…

Decoding the Implications of State Farm’s 20% Insurance Rate Increase in California

February 1, 2024January 31, 2024 H. Cutner

state farm insurancecalfornia homeowners insurance crisis

When State Farm, a leader in the insurance industry, announced its decision to raise homeowners insurance rates in California, it echoed a growing trend of economic adaptation amid a changing environmental and financial landscape. This increase spotlights the intricate dance between insurers and the forces that dictate market stability, from the escalating severity of natural disasters to the swelling costs of home repairs and the unyielding pulse of economic inflation. As we unpack the manifold reasons behind such a significant uptick in insurance costs, we also delve into the labyrinth…

Understanding if Your Local GP Doctor is Covered by Your Health Insurance Policy

November 17, 2023 Guest Author

health insurance policy terms and insurance jargon

Health insurance is a crucial aspect of managing healthcare costs, providing financial security when unexpected medical issues arise. However, the specifics of what is covered and what is not can sometimes be confusing. In this article, we will explore a commonly asked question: Is your local General Practitioner (GP) doctor or therapy centre covered by your health insurance policy? The Importance of Knowing Your Health Insurance Coverage Within the healthcare landscape, providers are categorized as either in-network or out-of-network. This distinction plays a significant role in determining the cost of…

5 Essential Tips When Getting Car Insurance Quotes

September 25, 2022September 26, 2022 Guest Author

In the United States, all drivers are required to insure their vehicles from trucks to motorcycles and everything in-between. However, finding the right car insurance policy to meet your needs can be a daunting task. You’ve likely seen countless commercials and advertisements with each company claiming that they are the best, but how can you be sure you’re finding the right coverage at the right cost? Follow these five essential tips and you’ll never have to worry about overpaying for auto insurance again. Review Your State’s Minimum Insurance Requirements Before…