Category: Top Read Articles:

These are the 5 top read insurance articles this week!

The Intersection of Mortgage Insurance and Property Insurance in Today’s Housing Market

Ester Adams
Mortgage Insurance and Property Insurance

Understanding Mortgage Insurance and Property Insurance If you’ve purchased a home or plan to, understanding the different types of insurance tied to it is crucial. Two key types are mortgage insurance and property insurance, but they serve very different purposes. Mortgage insurance protects lenders in case a borrower defaults on their home loan. It’s usually required when the down payment is less than 20%. The cost of mortgage insurance is based on the value of the property. For example, a more expensive home will generally result in higher mortgage insurance…

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Jason Bateman’s State Farm Batman Parody Brings Humor and Star Power to Advertising

Angela Linders
state farm new tv commercial

Bateman Meets Batman in a Creative Spin on Heroics Jason Bateman has donned many hats in his illustrious career, from a money-laundering family man in Ozark to a sly fox in Zootopia. But his latest role takes a more tongue-in-cheek turn. The Emmy-winning actor stars in a new State Farm commercial where he humorously parodies Batman—but with a twist. Playing the hilariously ineffective “Bateman,” his version of the caped crusader might have all the gadgets, minus the charisma (or effectiveness). The ad reimagines Gotham City with Bateman zipping around on…

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The Liberty Mutual Case That’s Changing How We View Contractor Insurance

Nordstrom
The Liberty Mutual Case

Federal Appeals Court Ruling Highlights Risks in Construction Insurance Policies A recent federal appeals court decision has sparked significant discussion in the construction industry. The ruling, favoring Liberty Mutual’s surplus lines carrier, focuses on a contractor-controlled insurance program (CCIP) policy involving Kaufman Lynn Construction. While it’s seen as a legal victory for Liberty Mutual, the case also underscores deeper issues with insurance policies that contractors often face. The Conflict Over the Fine Print At the heart of this case is the “course of construction exclusion” (COCE) in Kaufman Lynn Construction’s…

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State Farm Calibration Pilot Program Leaves Repair Shops and Drivers Divided

Live Insurance News
State Farm Calibration Pilot Program

Consumers and auto repair professionals alike are feeling the effects of State Farm’s new calibration pilot program, which began in October 2023. While the program promises to streamline advanced driver assistance system (ADAS) calibrations and reimburse repair facilities accurately, many Colorado-based shops are raising concerns about insufficient payments and challenges meeting manufacturer standards. The situation highlights growing pains not only for the insurance industry but also for consumers navigating post-collision repairs. What Is State Farm’s Calibration Pilot Program? State Farm launched its calibration pilot program for Colorado and Michigan, with…

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Liberty Mutual’s Big Move: Why Safeco Insurance Is Retiring After 100 Years

H. Cutner
Liberty Mutual

Safeco Insurance to Retire Brand Name by 2026, Liberty Mutual Consolidates Personal Lines Under Its Banner The insurance industry is undergoing another round of transformation, with Liberty Mutual Insurance announcing plans to retire the Safeco Insurance brand name in 2026. Safeco, a name synonymous with the independent agent channel for home, auto, and specialty insurance, will no longer serve as a standalone identity. All of Liberty Mutual’s personal lines products will instead operate exclusively under the Liberty Mutual name. Safeco’s Legacy of Strength and Partnership Since its founding in 1923…

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Protect Your ‘Yes’ – The Financial Must-Have for Valentine’s Engagements

Angela Linders
Valentine’s Day Engagements

The Love Economy: Why Valentine’s Day Proposals Call for Ring Insurance Valentine’s Day, known as the celebration of love, has also become one of the most popular days of the year for engagements. Each February 14th, millions of couples take the next step in their relationship, making grand romantic gestures to symbolize their commitment. But alongside romance comes the practical side of this joyous occasion—protecting the sentimental and financial investment made in engagement rings. Love in Numbers: Valentine’s Day Engagement Statistics An estimated 6 million people get engaged on Valentine’s…

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The Growing Threat of Insurance Deserts and How to Address It

Nordstrom
Insurance Deserts

What Are Insurance Deserts? Imagine living in an area so prone to natural disasters that insurance companies decide it’s simply too risky to do business there. This is the concept of an insurance desert—a place where coverage becomes hard to come by or entirely unavailable. These regions are often plagued by events like wildfires, floods, and hurricanes, phenomena that are becoming more frequent and severe in the wake of climate change. For communities labeled as insurance deserts, the ripple effects are far-reaching. Homeowners struggle to secure mortgages without coverage, businesses…

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