Live Insurance News

State Farm Seeks Major Rate Increase in California

July 8, 2024July 8, 2024 Live Insurance News

State Farm, California’s largest insurer, is proposing sizable rate increases for its residential insurance policies in the state, potentially impacting millions of homeowners and renters. The company has filed for a 30% rate hike for its homeowners’ insurance, a 52% increase for renters, and a 36% escalation for condominium owners. This marks the third major change for State Farm in California within a year. State Farm’s Justification In a statement, State Farm indicated that these rate increases are necessary for the long-term sustainability of its California subsidiary, State Farm General.…

Colorado Gun Insurance Bill Moves Forward Amid Diverse Opinions

April 8, 2024April 22, 2024 G. Turner

Article Update: On April 20, the Colorado House passed a bill requiring all gun owners to have liability insurance for accidental firearm discharges, starting January 1, 2025. Representatives Steven Woodrow and Iman Jodeh, HB24-1270 aims to promote responsible gun ownership and was narrowly approved with support from key Democrats. The legislation allows for coverage through existing insurance policies and includes provisions for those unable to afford it. Woodrow emphasized the bill’s role in covering the costs of gun violence and ensuring safer communities, while Jodeh likened the insurance requirement to…

Parents are hunting for college student renters insurance

September 5, 2023September 4, 2023 H. Cutner

It’s that time of year when students are heading to dorms and off-campus rentals in houses and apartments. College students are preparing to head into their dorms or off-campus rentals, bringing quite a bit to jam into small spaces, while parents continue to seek out the best renters insurance to make sure all those possessions are covered against the unexpected. Accidents, fires, thefts and others can leave uncovered students on the hook for replacement expenses. Many parents know that renters insurance is their best option to make sure that even…

Mercury Insurance shares home water conservation tips

September 23, 2022September 23, 2022 Logan B.

As consumers tighten their belts due to inflation, insurers are seeking to provide ways to save. While some insurers are working on creating plans and quote strategies to help consumers to find deals and discounts where they can, Mercury Insurance is also sharing tips for savings in other areas. The insurer recently released tips to help consumers to save money and water at the same time. There are many places around the home where water can be saved. This is both an environmentally conscious step that homeowners and renters can…

How does home insurance protect the gifts you bought on Black Friday?

December 3, 2021December 2, 2021 Logan B.

Many people forget to make sure they have the necessary coverage for big ticket items. While consumers shop for the best deals on the hottest holiday gift items this year, many forget to consider the way that home insurance factors into the situation. It’s not uncommon for homeowners to be unaware of the coverage they need in case the worst should happen. Home insurance companies across the country are hoping to spread the message that standard policies will provide some protection in case gifts are stolen from within the home…

Mercury Insurance prepares to assist Dixie Fire victims with policies

August 16, 2021August 12, 2021 Marc

The insurer published a news release confirming its readiness to help displaced or evacuated policyholders. As the situation in California worsens, Mercury Insurance issued a news release confirming to its policyholder Dixie Fire victims that it is ready to help them. As local authorities issue mandatory evacuation orders for residents, policyholders have support. The insurer is reminding Dixie Fire victims who have homeowners’ or renters’ coverage that they can call for support if they have been displaced or evacuated. Representatives are ready to help address covered claims while still following…

7 Types of Insurance Every Millennial Must Consider

March 19, 2021March 19, 2021 Guest Author

Millennials insurance that they are buying

If you were born between 1978 and 1999, you are classified as a millennial. The millennial generation is regarded as one of the most financially conservative generations since they are careful when it comes to investing and saving. Therefore, it’s surprising to look at the fact that a vast majority of individuals between 18 and 39 are underinsured. Here are 8 types of insurance plans millennials should consider: 1 Life Insurance Life insurance isn’t something that only the wealthy need. Depending on your particular situation, perhaps, you need it as…