Insurance
The latest insurance news as covered by Newsweek. Insurance in the U.S. provides financial protection for individuals, businesses, and property against various risks. Common types include health, auto, home, and life insurance, with policies designed to cover medical expenses, accidents, property damage, and financial loss. Regulations vary by state, impacting coverage requirements and costs. Rising risks from natural disasters, healthcare expenses, and inflation have made insurance increasingly expensive, particularly in states like California and Florida. Many Americans struggle with affordability and coverage gaps. To navigate the complex insurance market, consumers must compare policies, understand exclusions, and choose plans that balance cost with adequate financial protection.
State Farm asks to increase California insurance prices again
State Farm is asking for another increase less than a week after being granted a 17 percent rate hike for its homeowners' policies in California.
GoodRx CEO: We Must Reimagine Health Care Plans | Opinion
Insurance challenges leave millions of Americans frustrated when trying to fill prescriptions. The bureaucratic obstacles not only exacerbate delays, but often translate to more of the cost burden shifting to the consumer.
State Farm to increase insurance costs for millions of Californians
State Farm can start increasing its homeowner rates in California by 17 percent from June 1 following approval from the state's insurance commissioner.
Improving health care access is key to solving maternal mortality crisis
"You can educate these patients all you want," UConn Health's Dr. Richard Wagner said, "but if they don't have insurance, how are they getting primary care?"
Florida homeowners could see tax relief under new proposal
A bipartisan bill introduced by lawmakers in Washington is trying to give Florida homeowners tax relief.
Health
Are AI-powered health care claims tools really improving the revenue cycle?
Hospitals are developing their own AI tools. While some leaders welcome the help, others fear it's just a Band-Aid for a broken system.
California home insurance market "collapse" warning issued after lawsuit
The lawsuit arrives as California grapples with a deepening insurance availability crisis.
Disabled man to get $145 million payout over insurance denials
Fermin Salguero-Quijada was permanently disabled after a fall from a ladder while working for a painting company in Utah.
Homeowners face insurance problems after atmospheric river flooding
An atmospheric river unleashed torrential rain across many states last week, causing billions of dollars in economic impact.
Donald Trump NOAA cuts raise concerns about home insurance rising
Twenty-five Democrats voiced their concerns about NOAA job cuts endangering lives and raising insurance premiums.
Home insurance providers have dropped 1 in 4 US homeowners
The number of homeowners who have received nonrenewable notices from their insurers has grown significantly between 2023 and 2024.
Florida insurer agrees $6.5 million settlement after fraud claim allegation
Universal Property & Casualty Insurance Company faced allegations of improperly backdating policies to secure higher reimbursements after Hurricane Irma.
Luigi Mangione-inspired ballot initiative targets health insurance denials
A new proposed California ballot initiative seeks to make it illegal for insurers to delay or deny doctor-recommended procedures and medications.
Luigi Mangione lawyer objects to major media leaks in murder case
Alleged killer's lawyer says she only hears about evidence in the case by reading magazines.
Trump's Health Care Order Will Deliver Big Savings to Patients | Opinion
With his groundbreaking executive order on health care price transparency, President Donald Trump paved the way to protecting American patients.
Major Florida insurance changes advance
Two bills have progressed in the Florida legislature this week as the state continues to face a major insurance crisis.
The end of the South Florida dream
Buying a condo in Florida has long been a dream for millions of American retirees. For those living it, however, that dream has turned into a nightmare.
Better Planet
European companies are causing Florida insurance issues: Byron Donalds
Premiums continue to rise, and Representative Byron Donalds says part of the issue is European reinsurance companies.
Business
The finance sector is hitting an inflection point with AI
Prudential Financial's Lauren Clement wonders if new breakthroughs in AI could completely disrupt how the industry has long relied upon artificial intelligence.
Tesla insurance costs could surge amid anti-Elon Musk vandalism
Teslas across the world are being shot at, torched, and defaced as anger against Musk grows. Rising vandalism could drive insurance for Teslas up, experts warn.
California homeowners face major rate hike: 'Unprecedented'
A number of insurance companies have left the California market altogether in recent years.
How a recession would worsen US insurance crisis
Not even a sector considered recession-proof such as homeowners insurance would be safe from the negative impact of a recession, experts say.
California issues insurance warning to millions as atmospheric river nears
The storm expected to hit Southern California on Wednesday could wreak havoc in those same areas devastated by wildfires in January.
MIL slammed for what she did after daughter's spouse gave her a "gag gift"
Newsweek spoke to a mindfulness and relationships expert about how to navigate political disagreements within families.
Florida insurance faces major changes
Rising homeowner premiums, insurer insolvency, and lack of transparency targeted by Florida lawmakers focused on helping policyholders.
Map shows where tornado could hit Texas and Oklahoma
Severe storms and tornadoes are threatening the two states. See which areas are at risk, when storms will hit, and what experts are saying.
Florida insurance scandal has "huge" impact for homeowners
Florida insurers transferred billions to parent and affiliate companies after Hurricanes Irma and Michael while claiming to be losing money.
Florida's largest insurer cuts over 100,000 policies in one month
Citizens Property Insurance Corporation recently shed 102,083 of its policies, which private insurers assumed.
Thousands of LA wildfire victims get new insurance boost
The state's insurance commissioner, Ricardo Lara, said homeowners "should not have to worry about losing their insurance."
Police investigate shooting at insurance CEO's Oregon home: Reports
Police said that the shooting caused minor damage to the home, including the front door, but no injuries were reported.