insurance premiums News

Range Rovers Become Thief-Magnets, Causing Prices to Tumble

Tim Coen, a property investor, loved his Range Rover Sport but decided it was time to go green. He wanted to trade in the gas-guzzling sport utility vehicle for an electric Porsche. There was a snag, however. A string of …

Paradise Struggles to Rebuild Amid High Home Insurance Costs

SAN FRANCISCO (AP) — Heidi Lange was among the first to rebuild after the deadliest wildfire in California history destroyed her home in 2018 along with much of the town of Paradise. After the fire, she got divorced, which left …

California to Increase Awards in Medical Malpractice Cases

SACRAMENTO, Calif. (AP) — People who get hurt because of a doctor’s negligence in California could soon get a lot more money in malpractice lawsuits under an agreement reached Wednesday that — if approved by the state Legislature — would …

Evers Proposes Flood Bills Even Though Assembly Is Done

MADISON, Wis. — Democratic Gov. Tony Evers proposed a multimillion dollar package of legislation Tuesday designed to control spring flooding, hoping to convince Republicans to reconvene the state Assembly to pass them. Assembly Republicans adjourned their two-year session in February …

Iowa Town Working to Buy More Homes in Flood Plain

BETTENDORF, Iowa — The city of Bettendorf has been awarded a $2.2 million federal grant that, coupled with state and city contributions, will make $2.95 million available to buy out up to 22 homeowners in the flood plain along Duck …

Consumers Under 35 OK With Insurer Digital Scrutiny to Save Money

The majority of people between 18 and 34 would be willing to let insurance companies dig through their digital data from social media to health devices if it meant lowering their premiums, a survey shows. In the younger group, 62 …

A Refresher on the Named Storm Deductible

Hurricanes Harvey and Irma caused massive devastation to Texas and Florida and now frustration for policyholders, their attorneys and public adjusters due to the named storm deductible on some policies. This week Cozen O’Connor hosted a webinar to provide a …

Arizona Law Cuts Taxes for Insurers

Arizona is set to reduce taxes for insurance companies under a new bill Gov. Doug Ducey signed into law Monday. The tax cut is expected to mean the loss of more than $44 million to state’s general fund over the …

U.K. Floods Could Cost Insurers 1 Billion Pounds: Deloitte

Floods and storms pounding the U.K. may cost the insurance industry at least 500 million pounds ($822 million), a figure that may double if the weather conditions persist, according to a partner at Deloitte LLP. The storms may also drive …

Mississippi House Panel Passes Insurance Disclosure Bill

Mississippi lawmakers could require insurers to disclose how much they collect in premiums and how much they pay in claims in each ZIP code. House Bill 753 could spark more debate over how much coastal homeowners are charged to cover …