Latest News
![The Hidden Cost of Insurance: Reinsurance Is Elevating Coverage Rates for Americans Everywhere](https://a.storyblok.com/f/162273/2048x3072/2a0cb60a79/reinsurance-adobestock_2011866.jpeg/m/800x600/smart/filters:quality(90))
The Hidden Cost of Insurance: Reinsurance Is Elevating Coverage Rates for Americans Everywhere
4 min. read|July 26, 2024
Project 2025 Aims to End 56-Year-Old National Flood Insurance Program
4 min. read|July 25, 2024
As Hurricane Season Hits, More Homeowners Pushed to Florida’s Last-Resort Insurer
3 min. read|July 18, 2024
Washington To Elect First New State Insurance Commissioner in Over 20 Years
3 min. read|July 18, 2024
Preparation Pays Off: Investing in Climate Resilience Helps the Economy, Report Shows
3 min. read|July 18, 2024
New Service Moves Vehicles to Safety Before Hurricanes Make Landfall
3 min. read|July 11, 2024
Auto Insurance Rate Hike? Your Phone Might Be to Blame
4 min. read|July 10, 2024
Insights and Analysis
![Report: Drivers Grapple With 9% Increase in Car Ownership Costs in 2023](https://a.storyblok.com/f/162273/800x600/a8f10b9692/man-in-front-of-car-orange.png/m/400x300/smart/filters:quality(90))
Report: Drivers Grapple With 9% Increase in Car Ownership Costs in 2023
Car ownership costs an average of $4,695 annually in 2023, a 9% increase since the year before. Rising insurance and maintenance costs are primary drivers behind this increase.
November 8, 2023
![Investigation: Did TikTok’s Kia Challenge Cause a 55% Spike in Insurance Rates?](https://a.storyblok.com/f/162273/800x600/c98a1aea48/hero-most-popular-cars.jpg/m/400x300/smart/filters:quality(90))
Investigation: Did TikTok’s Kia Challenge Cause a 55% Spike in Insurance Rates?
TikTok’s Kia Challenge probably isn’t to blame for insurance rate hikes. Inflation and rising car repair costs are the more likely culprits behind increases.
November 28, 2023
![Analysis: Electric Car vs Gas Car Costs](https://a.storyblok.com/f/162273/4000x2242/36dfe730c7/adobestock_626617602-ev-cars-totaled.jpeg/m/400x300/smart/filters:quality(90))
Analysis: Electric Car vs Gas Car Costs
Tesla cuts contribute to falling EV prices, but electric models are still too expensive. Cost concerns are a deterrent for 70% of potential EV buyers.
December 10, 2023
Home Insurance News
![The Hidden Cost of Insurance: Reinsurance Is Elevating Coverage Rates for Americans Everywhere](https://a.storyblok.com/f/162273/2048x3072/2a0cb60a79/reinsurance-adobestock_2011866.jpeg/m/400x300/smart/filters:quality(90))
The Hidden Cost of Insurance: Reinsurance Is Elevating Coverage Rates for Americans Everywhere
Reinsurance helps insurance companies recoup claims losses, but climate catastrophes and inflation have led to higher reinsurance costs.
4 min. read|July 26, 2024
![Project 2025 Aims to End 56-Year-Old National Flood Insurance Program](https://a.storyblok.com/f/162273/7952x5304/a8f0bcf730/project-2025-nfip-adobestock_288708712.jpeg/m/400x300/smart/filters:quality(90))
Project 2025 Aims to End 56-Year-Old National Flood Insurance Program
If Trump implements guidelines from the conservative Project 2025, his re-election could result in the removal of the NFIP. Learn more.
4 min. read|July 25, 2024
![As Hurricane Season Hits, More Homeowners Pushed to Florida’s Last-Resort Insurer](https://a.storyblok.com/f/162273/5000x3750/7ba348a280/florida-hurricane-adobestock_122936483.jpeg/m/400x300/smart/filters:quality(90))
As Hurricane Season Hits, More Homeowners Pushed to Florida’s Last-Resort Insurer
Florida's insurer of last resort, Citizens Property Insurance, picking up more policies during hurricane season, despite efforts to reduce the number of policyholders on its rolls.
3 min. read|July 18, 2024
![Washington To Elect First New State Insurance Commissioner in Over 20 Years](https://a.storyblok.com/f/162273/4302x4302/e0bcf8e209/washington-state-transparency-rule-adobestock_544416266.jpeg/m/400x300/smart/filters:quality(90))
Washington To Elect First New State Insurance Commissioner in Over 20 Years
The Washington insurance commissioner protects consumers and regulates the insurance industries. Residents will elect a new commissioner in November.
3 min. read|July 18, 2024
![Preparation Pays Off: Investing in Climate Resilience Helps the Economy, Report Shows](https://a.storyblok.com/f/162273/4000x4000/16826b657c/climate-resilience-adobestock_315254959.jpeg/m/400x300/smart/filters:quality(90))
Preparation Pays Off: Investing in Climate Resilience Helps the Economy, Report Shows
Disasters cost the economy hundreds of billions annually, but a new report shows that every $1 invested in climate resilience saves $13 in economic costs.
3 min. read|July 18, 2024
![California’s Largest Home Insurer Seeks Dramatic Rate Increase](https://a.storyblok.com/f/162273/4173x6271/efa559b840/state-farm-ca-rate-hike-adobestock_130010924.jpeg/m/400x300/smart/filters:quality(90))
California’s Largest Home Insurer Seeks Dramatic Rate Increase
State Farm is proposing a massive increase to home insurance rates in California. Learn how that affects you here.
2 min. read|July 3, 2024
Auto Insurance News
![New Service Moves Vehicles to Safety Before Hurricanes Make Landfall](https://a.storyblok.com/f/162273/4240x2384/2a09283e28/way-program-adobestock_442416575.jpeg/m/400x300/smart/filters:quality(90))
New Service Moves Vehicles to Safety Before Hurricanes Make Landfall
Vehicle fintech Way.com has begun offering a service, in collaboration with insurers, to move vehicles out of the way when hurricanes approach.
3 min. read|July 11, 2024
![Auto Insurance Rate Hike? Your Phone Might Be to Blame](https://a.storyblok.com/f/162273/4912x7360/1c30d9da7c/apps-collecting-data-adobestock_786136808.jpeg/m/400x300/smart/filters:quality(90))
Auto Insurance Rate Hike? Your Phone Might Be to Blame
Some popular phone apps collect and share driving data with insurance industry analytics company that sells consumer driving scores to insurers.
4 min. read|July 10, 2024
![Could New York Ban Insurers from Covering Fossil Fuel Projects?](https://a.storyblok.com/f/162273/2987x3982/f42deff0ce/ny-fossil-fuels-adobestock_696541325.jpeg/m/400x300/smart/filters:quality(90))
Could New York Ban Insurers from Covering Fossil Fuel Projects?
New York legislators want to align insurer investments and underwriting with state climate mitigation targets.
2 min. read|July 10, 2024
![Texas Says Insurers Must Drop Drivers Who Obstruct Liability Claims](https://a.storyblok.com/f/162273/4242x6299/1f3da5ec19/texas-at-fault-drop-adobestock_430563311.jpeg/m/400x300/smart/filters:quality(90))
Texas Says Insurers Must Drop Drivers Who Obstruct Liability Claims
Texas auto insurance can now decide with an policyholder isn't cooperating with a liability claim, and drop them.
2 min. read|June 26, 2024
![Tesla’s New Insurance Guru Aims to Lower EV Costs, Boost Adoption](https://a.storyblok.com/f/162273/5184x3456/77414bac09/tesla-hires-geico-exec-adobestock_433370241.jpeg/m/400x300/smart/filters:quality(90))
Tesla’s New Insurance Guru Aims to Lower EV Costs, Boost Adoption
Former GEICO executive joins Tesla with the goal of making it easier and more affordable to insure Tesla vehicles.
2 min. read|June 26, 2024
![Maryland Increases Fines for Uninsured Drivers](https://a.storyblok.com/f/162273/5906x3851/2ab1045bec/maryland-uninsured-motorist-fines-adobestock_452599816_editorial_use_only.jpeg/m/400x300/smart/filters:quality(90))
Maryland Increases Fines for Uninsured Drivers
The increased penalties for driving uninsured in Maryland could cost you. Learn more here.
2 min. read|June 21, 2024