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Archive for the Live Insurance News Category

Trump’s flood insurance surcharge meets solid resistance from Jersey Shore

Three federal lawmakers from that area say they will fight the proposal they’re calling unreasonable. Jersey Shore congressmen aren’t pleased about the proposed flood insurance surcharge the Trump administration has put forward. As a result they’ve said they intend to fight the proposal in order to stop […]

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California insurance industry warned of “significant risk” from Oroville Dam

Concern over the dangers presented from the 770 foot structure’s damaged spillway has not disappeared. The next rainy season is only months away and the California insurance industry faces a “significant risk” from the Oroville Dam and its damaged spillway. Experts are cautioning the industry, residents of […]

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Best insurance company for ethics title once again goes to Allstate

For the third consecutive year, the insurer was deemed the 2017 most ethical company by the Ethisphere Institute. For the third year in a row, the Allstate Corporation was named the most ethical company by the Ethisphere Institute, making it the best insurance company for ethics for […]

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GOP health care vote abruptly cancelled as Trump didn’t have the support

“We just pulled it,” said President Trump in a phone interview with the Washington Post. House Republican leaders suddenly cancelled the GOP health care vote and withdrew their rewrite of the law. A vote had been scheduled for 3:30 pm (ET) following dramatic attempts to gain support […]

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Health care vote likely today after delay from Trump’s failure to find support

Despite extensive efforts to encourage members to see his side, the president has yet to gain enough votes. House leaders postponed the health care vote that had been expected to occur on Thursday. The GOP’s intention had been to repeal the Affordable Care Act. Trump and his […]

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Will the California insurance commissioner be state Sen. Ricardo Lara in 2018?

Lara announced that he will be running for the position next year on the heels of a state health care system proposal. Senator Ricardo Lara (D-Bell Gardens) announced his intention to run for California insurance commissioner in 2018. This, only one month after submitting a proposal for […]

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Will California flood insurance be better without federal involvement?

The state is considering dropping out of the nationwide program in favor of establishing its own. California flood insurance found itself in the spotlight last month when the Oroville Dam threatened to fail. Erosion at the base of the dam’s emergency spillway forced the evacuation of 180,000 […]

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Private crop insurance companies see shrinking returns

These insurers have experienced a notable drop in their returns since the SRA was renegotiated in 2010. Private crop insurance companies are experiencing a notable downward trend in their return figures. This has been a consistent situation since the Standard Reinsurance Agreement (SRA) was renegotiated in 2010. […]

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New life insurance rules could make rates noticeably cheaper

People who have hesitated to purchase a policy may find that they have new motivation on its way. Changes to life insurance rules in all states except three are more than likely to bring rates down by a considerable amount. There have already been at least two […]

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Michigan auto insurance headed even higher with no-fault fee hike

Drivers in the state are already paying some of the highest premiums in the country and that price is rising. Michigan auto insurance is going to be even more expensive as the no-fault fee increases this summer. Drivers in the state will be paying $10 more to […]

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