Live Insurance News

California’s Evolving Insurance Market: Is Relief on the Horizon?

December 13, 2024December 12, 2024 Ester Adams

California’s home insurance market has been under immense pressure in recent years, leaving homeowners dealing with uncertainty about their coverage. Farmers Insurance, the state’s second-largest home insurer, recently announced a significant decision to expand the number of policies it writes each month. While it marks a potential turning point, many questions remain about the long-term sustainability of California’s insurance landscape. Here’s a breakdown of the situation, players involved, and what lies ahead. Farmers Insurance Expands Policy Sales Cap After limiting itself to selling 7,000 policies per month in California, Farmers…

Leveraging Allstate Drivewise for Safer Driving Amid Rising Accident Rates

April 18, 2024April 17, 2024 Nordstrom

Allstate Drivewise - Car Accident Increase

Significant Safety Enhancements for Drivewise Users Allstate has uncovered significant safety improvements for drivers who actively use their Drivewise feature, according to a joint analysis with their mobility information and data. The findings indicate that Allstate customers who opt into Drivewise, accessible via the Allstate app, are substantially safer on the road. The program’s data shows a compelling 25% reduction in severe collisions for Drivewise users compared to non-users. Furthermore, an Arity study on driving behavior supports the idea that Drivewise customers are generally more cautious drivers. They are less…

Federal regulators say there is little cause for concern over the country’s nuclear power plants

February 3, 2012May 5, 2013

After last year’s Fukushima Daiichi nuclear crisis in Japan, residents of the U.S. began to grow concerned of similar nuclear problems at home. In Japan, the disaster has been linked to some health problems for those in the northern region of the country. While these cases are few and far between, they ignite concerns regarding the overall safety of nuclear power. To help calm the nerves of U.S. citizens, the U.S. Nuclear Regulatory Commission conducted a study to examine the dangers that the energy may pose. According to the agency’s…