INSURASALES

Florida Considers Major Shift in Auto Insurance Policy with Proposed Repeal of No-fault Law

The Florida House is reviewing a bill that could repeal the state's no-fault auto insurance law, potentially raising premiums and increasing litigation. Stakeholders express concerns over market stability and affordability.

US Coastal Insurers Launch $310M Cat Bond for Storm Coverage

US Coastal Insurance companies launch a $310M catastrophe bond, Chartwell Re, to enhance storm damage coverage and financial resilience amid climate change.

The Hanover and Hagerty Team Up for New Collector Car Insurance

The Hanover Insurance Group partners with Hagerty to launch Hanover Collector Car, a new insurance coverage for classic and collector vehicles, currently available in Michigan and Illinois.

Minnesota Proposes Lifeline Insurance Program for Low-Income Drivers

Minnesota's Lifeline Insurance Program aims to provide affordable auto insurance for low-income residents, enhancing mobility and equity.

State Farm Seeks Rate Increase After LA Wildfires

State Farm is requesting a 17% insurance rate increase following wildfires in Los Angeles, aiming to improve its financial condition amid a challenging insurance market in California.

Consumer Group Fights State Farm's Proposed Rate Hike in California

Consumer Watchdog challenges State Farm's rate hike proposal in California, advocating for consumer protection against unjustified insurance premiums.

Colorado Lawmakers Revise Home Insurance Stabilization Plan

Colorado lawmakers alter plans to stabilize home insurance premiums by shifting costs to homeowners while seeking to mitigate insurer losses from wildfires.

Mortgage Demand Surges Amid Recent Rate Drops

Mortgage application volume soared last week due to falling interest rates, with refinancing demand up significantly. Read more about the market dynamics.

Homeowners Struggle with Insurance Claims Post-Hurricane Helene

Homeowners in Buncombe County face insurance claim denials after Hurricane Helene, highlighting coverage gaps for flood and landslide damage.

Louisiana Voters Demand Action on Insurance Costs Ahead of Session

A recent poll reveals Louisiana voters prioritize curbing insurance costs, reflecting a strong desire for legislative action in the 2025 session.