Telematics is an optional insurance product that offers discounts for safe driving, with consumers informed about how collected data factors into premiums.Your smart car's entertainment system, advanced safety feature sensors and cameras, GPS, devices connected through a USB, smartphone apps, and event data recorders provide data that could affect your…
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Despite their reputation as a financially privileged generation, millions of baby boomers are slipping through significant cracks in the U.S. retirement system. The U.S. inflation rate, which surged to 9% in June 2022, has slowed to 3% as of June 2024— but years of price increases have wreaked havoc on retirees' budgets, requiring them to scale down significantly…
Since the beginning of the 2024 hurricane season, Citizens Property Insurance, Florida's insurer of last resort, picked up more than 20,000 home insurance policies in June and another 6,776 by mid-July, according to the insurer's data. This uptick is in direct contrast to Florida's legislative efforts to bolster the commercial home insurance market, reduce…
May 18-22 is Contractor Fraud Awareness Week, and the Michigan Department of Insurance and Financial Services is sharing tips to help consumers spot and avoid fraudulent contractor schemes when seeking help for repairs after damaging storms. "Michigan has experienced widespread severe weather events recently, and Contractor Fraud Awareness Week is an…
ANV Group Holdings Ltd., a global insurance intermediary platform, today announced the launch of ANV LaunchPad, an MGA incubator designed to partner with experienced underwriters to build scalable, long-term specialty insurance businesses. Hastings specializes in tax liability insurance and is led by Craig Farber and Russ Young, Co‑ Presidents of Hastings.
AM Best will deliver its latest perspectives, examining trends in the global insurance industry, together with an outline of Italy’ s insurance market segment outlooks, in a market briefing scheduled for 17 June 2026, in Milan, Italy. The market briefing this year is scheduled to take place from 9:30 a.m. to 2:00 p.m. at The Westin Palace Milan, and will feature…
As natural catastrophes and severe weather events continue to expose more homeowners to property damage and recovery challenges, the Insurance Information Institute and the National Insurance Crime Bureau are urging consumers to remain vigilant against contractor fraud during Contractor Fraud Awareness Week, May 18-22, 2026.. “After a disaster,…
Pacific Life Insurance Company announced that it has launched Pacific Admiral VUL 2 1, a new flagship variable universal life insurance product. “Pacific Admiral VUL 2 represents the next generation of our VUL offerings, building on the strengths of our prior products,” said Sim Zady, vice president of life product development, Consumer Markets, Pacific Life.“…
Average annual rate increases for U.S. private passenger auto and homeowners’ policies shifted back to pre-pandemic levels in 2025, following years of large increases amid elevated losses in each line of business, according to a new AM Best report. “The improvement experienced by U.S. homeowners’ insurers has been driven by both aggressive rate increases and…
General Indemnity Group, an insurance holding company specializing in commercial and contract surety solutions in all 50 states, today announced the signing of a definitive agreement for its acquisition by CopperPoint Insurance Company, a leading specialty provider of workers’ compensation and commercial insurance solutions. The transaction includes…
Credit Credit card companies record nearly every customer-service call, and those recordings can become powerful evidence during disputes, fraud investigations, payment negotiations, or account reviews. One careless sentence can trigger account restrictions, weaken a fraud claim, or even make a late-payment situation worse. Banks train representatives to document conversations…
A New York man accused of leading a multi-state check fraud scheme has pleaded guilty to charges in a Detroit federal court, officials said. Nazaly Mason Smith, 33, entered a guilty plea to conspiracy to commit bank fraud on Thursday, U.S. Attorney for the Eastern District of Michigan Jerome Gorgon said in a statement. Officers with the U.S. Department of Homeland…
A Georgia man faces charges for his alleged role in a“ sophisticated and organized fraud operation” that led to more than $60,000 being stolen from the estate of a Connecticut resident. Kevin Young, 37, of Atlanta, Georgia was arrested on May 1 on charges of second-degree money laundering, first-degree larceny and conspiracy to commit first-degree larceny,…
Susan Renee Barrett, a Worland woman accused of electronic banking fraud with multiple victims, entered guilty pleas to 27 felonies at a change of plea hearing in Washakie County District Court on May 6. According to an article covering a previous hearing in Barrett's case, between 2023 and 2024 in Washakie County, evidence collected from local banks shows that…
City of Waco employees would pay 7% more in health insurance premiums and lose coverage for GLP-1s and other drugs prescribed solely for weight loss under a proposal presented to the Waco Budget and Audit Committee on Tuesday. Alongside the 7% employee premium increase, a $270,000 gain for the health plan, Pustejovsky's proposal includes a 12% increase in the…
PHOENIX- In Arizona, there were just under 1.8 million recipients of AHCCCS- the Arizona Health Care Cost Containment System, or the state's Medicaid program, as of April 2026. Daniel Derksen, an expert on the Arizona healthcare system. President Donald Trump's One Big Beautiful Bill introduced Medicaid restrictions that look to redefine work and income level…
InsureMatch.ai, a new consumer-first insurtech platform, has launched with the ambitious goal of helping American households save a collective $1 billion on auto and home insurance premiums. Aimed at tackling rising insurance rates, the platform eliminates the tedious nature of shopping around and features a live' Savings Tracker' to monitor community…
Becerra is right that there is an insurance crisis in California, but price controls aren’ t the answer. In 1988, California voters passed Proposition 103, a landmark law that sought to protect consumers from arbitrary rate hikes by requiring insurers to get the approval from the state insurance commissioner before raising rates.. The California Supreme…
Boston Omaha Corporation today announced that it has entered into a definitive Securities Purchase Agreement to sell its surety insurance business, operated by General Indemnity Group, LLC, to CopperPoint Insurance Company. GIG operates its surety insurance business through its two wholly owned subsidiaries: United Casualty& Surety Insurance Company…
