Tag: Insurance Market

Arizona Leads U.S. in Insurance Premium Increases After Speeding Tickets

Arizona Leads U.S. in Insurance Premium Increases After Speeding Tickets

Arizona drivers face the highest auto insurance premium increases nationwide after speeding tickets, with average hikes exceeding $1,000 annually, according to a LendingTree study.

Brevard County Flooding Exposes Homeowners' Flood Insurance Gaps

Brevard County Flooding Exposes Homeowners' Flood Insurance Gaps

Brevard County flood damage reveals common gaps in homeowners' flood insurance coverage, prompting local assistance programs and highlighting insurance industry challenges.

Trump's Obamacare Subsidy Extension Faces GOP Opposition Amid Negotiations

President Trump's plan to extend expiring Obamacare subsidies encounters GOP opposition and sparks bipartisan talks to prevent premium hikes and reform healthcare funding.

California Wildfire Mitigation: CPUC’s Resolution SPD-37 Risks Delaying Grid Undergrounding

CPUC's proposed Resolution SPD-37 may delay California's wildfire mitigation efforts by shifting from a coordinated undergrounding plan to a piecemeal approval process, impacting grid safety and insurance market stability.

Florida's 2023 Lawsuit Reforms Drive Insurance Market Stability

Florida's 2023 lawsuit reform package reduces litigation costs, lowers insurance premiums, and attracts new insurers, stabilizing the state's auto and homeowners insurance markets.

Exzeo Group Raises $168M in U.S. IPO Highlighting Insurtech Growth

Exzeo Group raises $168 million in its U.S. IPO, underscoring growth in insurance technology for property and casualty underwriting and claims management.

Government Shutdown Disrupts National Flood Insurance Program Coverage

The U.S. government shutdown disrupts the National Flood Insurance Program, halting policy renewals and new purchases, raising flood risk during hurricane season. Legislative efforts aim to secure program stability.

Medicare Advantage Contraction in Rural Oregon Highlights Market Sustainability Challenges

Samaritan Health Plans exits Medicare Advantage in Lincoln County, Oregon, leaving Devoted Health as sole 2026 provider. Insights on market sustainability, special enrollment, and resources for seniors.

California Insurance Diversity Drives $6.7B Economic Impact and Job Growth

California's insurance sector achieved $6.7 billion economic output and 29,000+ jobs through enhanced supplier diversity, reveals new report by California Department of Insurance.

Vermont Blue Advantage Exits Medicare Advantage Market in 2026 Amid Financial Strains

Vermont Blue Advantage will discontinue Medicare Advantage plans in 2026, impacting 26,000 enrollees. HealthSpring assumes retiree plans amid market exits by UnitedHealthcare. State braces for enrollment shifts.