https://joeboonie.npub.pro/tag/insurance/ https://joeboonie.npub.pro/tag/insurance/rss/ episodic Sun, 27 Jul 2025 19:09:56 GMT Sun, 27 Jul 2025 19:09:56 GMT https://joeboonie.npub.pro/tag/insurance/ https://m.primal.net/IZDQ.gif Sun, 27 Jul 2025 19:09:56 GMT https://joeboonie.npub.pro/post/note1rfyeer4dmlcknxvk8eq6kkt9m8ve4gcaprug32m8wf7v2cw0qc0qz5nvf3/ https://joeboonie.npub.pro/post/note1rfyeer4dmlcknxvk8eq6kkt9m8ve4gcaprug32m8wf7v2cw0qc0qz5nvf3/ note1rfyeer4dmlcknxvk8eq6kkt9m8ve4gcaprug32m8wf7v2cw0qc0qz5nvf3 Insurance note1rfyeer4dmlcknxvk8eq6kkt9m8ve4gcaprug32m8wf7v2cw0qc0qz5nvf3 npub1te43vvz6akg0mkdm8hmkznrmrdqe8fhc3kkp4349a40yt3x57p5q63qwzc

#Insurance

https://www.msn.com/en-us/money/companies/allianz-life-confirms-data-breach-affecting-majority-of-14m-us-customers/ar-AA1JmyP8

]]>

#Insurance

https://www.msn.com/en-us/money/companies/allianz-life-confirms-data-breach-affecting-majority-of-14m-us-customers/ar-AA1JmyP8

]]> Tue, 22 Jul 2025 00:17:17 GMT https://joeboonie.npub.pro/post/note1s9efrja66xt3s9udk9qkw9m4tahw2sdf779ram6grlz8y9w3eveqpc2lx3/ https://joeboonie.npub.pro/post/note1s9efrja66xt3s9udk9qkw9m4tahw2sdf779ram6grlz8y9w3eveqpc2lx3/ note1s9efrja66xt3s9udk9qkw9m4tahw2sdf779ram6grlz8y9w3eveqpc2lx3 Louisiana note1s9efrja66xt3s9udk9qkw9m4tahw2sdf779ram6grlz8y9w3eveqpc2lx3 npub1te43vvz6akg0mkdm8hmkznrmrdqe8fhc3kkp4349a40yt3x57p5q63qwzc ✅ Passed #Louisiana P&C #Insurance Legislation

1. House Bill 148 (Act No. 11) — Effective August 1, 2025

Empowers the Insurance Commissioner to reject rate increases deemed excessive, inadequate, or unfairly discriminatory.

Allows ordering refunds or additional premiums depending on findings.

Requires prior-policy premium disclosure: the previous premium must be prominently displayed near the renewal premium on policy notices.


2. Insurance & Tort Reform Package — Signed mid‑2025

Multiple auto‑insurance and legal reform acts became law, including:

Act 15 (HB 431): Implements modified comparative fault, disqualifying anyone ≥ 51% at fault from recovering damages (effective Jan 1, 2026).

Act 18 (HB 450): Repeals the Housely presumption, requiring plaintiffs to prove injuries arose from the accident, instead of relying on prior treatment gaps.

Act 85 (HB 438): Bars insurers from including institutional advertising expenses when setting rates (effective Jan 1, 2026).

House Bill 434 (“No Pay‑No Play” reform): Uninsured drivers can’t recover the first $100,000 in bodily injury or property damage (effective Aug 1, 2025); also imposes cost‑bearing requirements on small awards.

Additional laws include caps on non-economic damages against unauthorized immigrants, new prescriptions for wrongful death claims, and rate‑transparency reporting provisions .


3. Property Insurance Regulation Enhancements

A set of reforms aimed at bolstering property insurance transparency and options also passed, including:

Stated Value Homeowner’s Policy Act (HB 356): Requires that insurers offer stated-value homeowner’s policies, allowing homeowners to insure based on a mutually agreed declared value rather than strictly market value.

Transparency measures and insurer notification requirements were also enacted, including advance notice when insurers plan to exit or expand in areas.

]]> ✅ Passed #Louisiana P&C #Insurance Legislation

1. House Bill 148 (Act No. 11) — Effective August 1, 2025

Empowers the Insurance Commissioner to reject rate increases deemed excessive, inadequate, or unfairly discriminatory.

Allows ordering refunds or additional premiums depending on findings.

Requires prior-policy premium disclosure: the previous premium must be prominently displayed near the renewal premium on policy notices.


2. Insurance & Tort Reform Package — Signed mid‑2025

Multiple auto‑insurance and legal reform acts became law, including:

Act 15 (HB 431): Implements modified comparative fault, disqualifying anyone ≥ 51% at fault from recovering damages (effective Jan 1, 2026).

Act 18 (HB 450): Repeals the Housely presumption, requiring plaintiffs to prove injuries arose from the accident, instead of relying on prior treatment gaps.

Act 85 (HB 438): Bars insurers from including institutional advertising expenses when setting rates (effective Jan 1, 2026).

House Bill 434 (“No Pay‑No Play” reform): Uninsured drivers can’t recover the first $100,000 in bodily injury or property damage (effective Aug 1, 2025); also imposes cost‑bearing requirements on small awards.

Additional laws include caps on non-economic damages against unauthorized immigrants, new prescriptions for wrongful death claims, and rate‑transparency reporting provisions .


3. Property Insurance Regulation Enhancements

A set of reforms aimed at bolstering property insurance transparency and options also passed, including:

Stated Value Homeowner’s Policy Act (HB 356): Requires that insurers offer stated-value homeowner’s policies, allowing homeowners to insure based on a mutually agreed declared value rather than strictly market value.

Transparency measures and insurer notification requirements were also enacted, including advance notice when insurers plan to exit or expand in areas.

]]> Wed, 02 Jul 2025 02:07:59 GMT https://joeboonie.npub.pro/post/note1wrqv5lrh6pgq02nt6yhge4wz5gtwzfhreste3s2css0d8umas6dqvfnes3/ https://joeboonie.npub.pro/post/note1wrqv5lrh6pgq02nt6yhge4wz5gtwzfhreste3s2css0d8umas6dqvfnes3/ note1wrqv5lrh6pgq02nt6yhge4wz5gtwzfhreste3s2css0d8umas6dqvfnes3 Louisiana note1wrqv5lrh6pgq02nt6yhge4wz5gtwzfhreste3s2css0d8umas6dqvfnes3 npub1te43vvz6akg0mkdm8hmkznrmrdqe8fhc3kkp4349a40yt3x57p5q63qwzc More to come on this as implementation proceeds ...

#Louisiana
#insurance

https://www.fox8live.com/2025/06/30/gov-landry-signs-auto-property-insurance-bills-into-law

]]> More to come on this as implementation proceeds ...

#Louisiana
#insurance

https://www.fox8live.com/2025/06/30/gov-landry-signs-auto-property-insurance-bills-into-law

]]> Wed, 04 Jun 2025 02:16:15 GMT https://joeboonie.npub.pro/post/note1t4vmpx7qdngcvehkf4e0vu52wh0h053je24aq7s8spaptff7jhrqgacrvm/ https://joeboonie.npub.pro/post/note1t4vmpx7qdngcvehkf4e0vu52wh0h053je24aq7s8spaptff7jhrqgacrvm/ note1t4vmpx7qdngcvehkf4e0vu52wh0h053je24aq7s8spaptff7jhrqgacrvm Insurance note1t4vmpx7qdngcvehkf4e0vu52wh0h053je24aq7s8spaptff7jhrqgacrvm npub1te43vvz6akg0mkdm8hmkznrmrdqe8fhc3kkp4349a40yt3x57p5q63qwzc D'oh!!!!

#Insurance #meme

]]> D'oh!!!!

#Insurance #meme

]]> Thu, 06 Feb 2025 04:41:04 GMT https://joeboonie.npub.pro/post/note1djlgjddvlalgellvd4qs5q65m5fc3kt4jt853q802tjeva62kkkqssxkr9/ https://joeboonie.npub.pro/post/note1djlgjddvlalgellvd4qs5q65m5fc3kt4jt853q802tjeva62kkkqssxkr9/ note1djlgjddvlalgellvd4qs5q65m5fc3kt4jt853q802tjeva62kkkqssxkr9 Insurance note1djlgjddvlalgellvd4qs5q65m5fc3kt4jt853q802tjeva62kkkqssxkr9 npub1te43vvz6akg0mkdm8hmkznrmrdqe8fhc3kkp4349a40yt3x57p5q63qwzc State Farm in CA sent a four-page letter to the California Department of Insurance pleading with regulators to allow an average rate increase of 22% for homeowners. Unfortunately that won't be enough and they will probably raise rates nationwide to help offset losses in CA.

#insurance
#StateFarm
#News

https://www.dailymail.co.uk/news/article-14356241/state-farm-california-home-insurer-seeks-la-fires-bailout.html

]]> State Farm in CA sent a four-page letter to the California Department of Insurance pleading with regulators to allow an average rate increase of 22% for homeowners. Unfortunately that won't be enough and they will probably raise rates nationwide to help offset losses in CA.

#insurance
#StateFarm
#News

https://www.dailymail.co.uk/news/article-14356241/state-farm-california-home-insurer-seeks-la-fires-bailout.html

]]> Wed, 04 Sep 2024 12:13:33 GMT https://joeboonie.npub.pro/post/note1agsn52zdckgy9zz4s0pm7pqz4hs9dp6uhe5a0mjjs5pu0ph4duas8fkfzw/ https://joeboonie.npub.pro/post/note1agsn52zdckgy9zz4s0pm7pqz4hs9dp6uhe5a0mjjs5pu0ph4duas8fkfzw/ note1agsn52zdckgy9zz4s0pm7pqz4hs9dp6uhe5a0mjjs5pu0ph4duas8fkfzw Insurance note1agsn52zdckgy9zz4s0pm7pqz4hs9dp6uhe5a0mjjs5pu0ph4duas8fkfzw npub1te43vvz6akg0mkdm8hmkznrmrdqe8fhc3kkp4349a40yt3x57p5q63qwzc On This Day in History: The Birth of Prudential Financial (September 4, 1875)

On September 4, 1875, Prudential Financial was founded in Newark, New Jersey, by John Fairfield Dryden. Originally named "The Widows and Orphans Friendly Society," the company was created to provide affordable life insurance to working-class families, a demographic largely overlooked by traditional insurers at the time.

Prudential’s first policy was a small burial insurance plan, designed to cover funeral costs—a significant concern for families during that era. By focusing on industrial workers and offering low-cost policies, Prudential rapidly expanded, pioneering the concept of "industrial insurance." The company soon became a household name, symbolized by its iconic "Rock of Gibraltar" logo, which represents strength, stability, and protection.

Today, Prudential Financial is a global leader in insurance and financial services, with a presence in over 40 countries. Its founding on September 4th marks a key moment in the evolution of the insurance industry, emphasizing the importance of accessible financial protection for all.

On this day, we remember the establishment of Prudential Financial, a company that has played a crucial role in securing the financial futures of millions for nearly 150 years.

#insurance

]]> On This Day in History: The Birth of Prudential Financial (September 4, 1875)

On September 4, 1875, Prudential Financial was founded in Newark, New Jersey, by John Fairfield Dryden. Originally named "The Widows and Orphans Friendly Society," the company was created to provide affordable life insurance to working-class families, a demographic largely overlooked by traditional insurers at the time.

Prudential’s first policy was a small burial insurance plan, designed to cover funeral costs—a significant concern for families during that era. By focusing on industrial workers and offering low-cost policies, Prudential rapidly expanded, pioneering the concept of "industrial insurance." The company soon became a household name, symbolized by its iconic "Rock of Gibraltar" logo, which represents strength, stability, and protection.

Today, Prudential Financial is a global leader in insurance and financial services, with a presence in over 40 countries. Its founding on September 4th marks a key moment in the evolution of the insurance industry, emphasizing the importance of accessible financial protection for all.

On this day, we remember the establishment of Prudential Financial, a company that has played a crucial role in securing the financial futures of millions for nearly 150 years.

#insurance

]]> Tue, 03 Sep 2024 20:15:44 GMT https://joeboonie.npub.pro/post/note1mpvr5mxcxls8d8ra2cfzgdj24qkmjjz8qvfy38m4y8agykhenv3s8p7th6/ https://joeboonie.npub.pro/post/note1mpvr5mxcxls8d8ra2cfzgdj24qkmjjz8qvfy38m4y8agykhenv3s8p7th6/ note1mpvr5mxcxls8d8ra2cfzgdj24qkmjjz8qvfy38m4y8agykhenv3s8p7th6 Insurance note1mpvr5mxcxls8d8ra2cfzgdj24qkmjjz8qvfy38m4y8agykhenv3s8p7th6 npub1te43vvz6akg0mkdm8hmkznrmrdqe8fhc3kkp4349a40yt3x57p5q63qwzc On This Day in History: The Creation of the Social Security Act (August 14, 1935)

On August 14, 1935, President Franklin D. Roosevelt signed the Social Security Act into law, marking a significant milestone in the history of social insurance. This legislation was designed to provide financial security for Americans during their retirement years and to assist those unable to work due to disability. The Act established a social insurance program that would provide benefits to retirees, the unemployed, and those with disabilities.

The Social Security Act was a response to the hardships of the Great Depression, which left millions of Americans without jobs or savings. It was a groundbreaking step toward creating a safety net for vulnerable populations, laying the foundation for the modern welfare state.

Today, Social Security remains one of the most important social insurance programs in the United States, providing essential benefits to millions of Americans. As we reflect on this day, we recognize the profound impact of the Social Security Act on the financial security and well-being of countless individuals and families over the past decades.

#insurance

]]> On This Day in History: The Creation of the Social Security Act (August 14, 1935)

On August 14, 1935, President Franklin D. Roosevelt signed the Social Security Act into law, marking a significant milestone in the history of social insurance. This legislation was designed to provide financial security for Americans during their retirement years and to assist those unable to work due to disability. The Act established a social insurance program that would provide benefits to retirees, the unemployed, and those with disabilities.

The Social Security Act was a response to the hardships of the Great Depression, which left millions of Americans without jobs or savings. It was a groundbreaking step toward creating a safety net for vulnerable populations, laying the foundation for the modern welfare state.

Today, Social Security remains one of the most important social insurance programs in the United States, providing essential benefits to millions of Americans. As we reflect on this day, we recognize the profound impact of the Social Security Act on the financial security and well-being of countless individuals and families over the past decades.

#insurance

]]> Tue, 03 Sep 2024 02:25:42 GMT https://joeboonie.npub.pro/post/note19uk4mqw29gd4gmcgmltuwf3vyav0ce4vmx72l7q3d6tcx2wn70zsu0n6qx/ https://joeboonie.npub.pro/post/note19uk4mqw29gd4gmcgmltuwf3vyav0ce4vmx72l7q3d6tcx2wn70zsu0n6qx/ note19uk4mqw29gd4gmcgmltuwf3vyav0ce4vmx72l7q3d6tcx2wn70zsu0n6qx Insurance note19uk4mqw29gd4gmcgmltuwf3vyav0ce4vmx72l7q3d6tcx2wn70zsu0n6qx npub1te43vvz6akg0mkdm8hmkznrmrdqe8fhc3kkp4349a40yt3x57p5q63qwzc On This Day in History: The Birth of Insurance (September 2, 1666)

On September 2, 1666, the Great Fire of London broke out, devastating the city and destroying thousands of homes and businesses. This catastrophic event highlighted the urgent need for a system that could provide financial protection against such losses. In response, the modern insurance industry began to take shape.

Just a few years later, in 1688, Edward Lloyd opened a coffee house in London, which soon became the go-to spot for shipowners, merchants, and underwriters to discuss and negotiate marine insurance deals. This establishment would eventually evolve into Lloyd's of London, one of the most renowned insurance markets in the world.

The aftermath of the Great Fire and the rise of Lloyd's marked the beginning of the insurance industry as we know it today, providing individuals and businesses with the security to rebuild and recover from unforeseen disasters.

So, on this day, we remember the events that gave rise to an industry that has become essential for protecting our lives, homes, businesses, and futures.

#insurance

]]> On This Day in History: The Birth of Insurance (September 2, 1666)

On September 2, 1666, the Great Fire of London broke out, devastating the city and destroying thousands of homes and businesses. This catastrophic event highlighted the urgent need for a system that could provide financial protection against such losses. In response, the modern insurance industry began to take shape.

Just a few years later, in 1688, Edward Lloyd opened a coffee house in London, which soon became the go-to spot for shipowners, merchants, and underwriters to discuss and negotiate marine insurance deals. This establishment would eventually evolve into Lloyd's of London, one of the most renowned insurance markets in the world.

The aftermath of the Great Fire and the rise of Lloyd's marked the beginning of the insurance industry as we know it today, providing individuals and businesses with the security to rebuild and recover from unforeseen disasters.

So, on this day, we remember the events that gave rise to an industry that has become essential for protecting our lives, homes, businesses, and futures.

#insurance

]]> Sun, 01 Sep 2024 14:38:25 GMT https://joeboonie.npub.pro/post/note104f9guwhv9p7gtyclrrpngg337hy2pf5xgvus2zlt6edqzgr5vgsd25kx8/ https://joeboonie.npub.pro/post/note104f9guwhv9p7gtyclrrpngg337hy2pf5xgvus2zlt6edqzgr5vgsd25kx8/ note104f9guwhv9p7gtyclrrpngg337hy2pf5xgvus2zlt6edqzgr5vgsd25kx8 Insurance note104f9guwhv9p7gtyclrrpngg337hy2pf5xgvus2zlt6edqzgr5vgsd25kx8 npub1te43vvz6akg0mkdm8hmkznrmrdqe8fhc3kkp4349a40yt3x57p5q63qwzc On This Day in History: September 1st

On this day in 1847, the first life insurance company in the United States, the "New York Life Insurance Company," was founded. It marked a significant step in providing financial security for families and shaping the insurance industry as we know it today.

#Insurance

]]> On This Day in History: September 1st

On this day in 1847, the first life insurance company in the United States, the "New York Life Insurance Company," was founded. It marked a significant step in providing financial security for families and shaping the insurance industry as we know it today.

#Insurance

]]> Thu, 29 Aug 2024 04:06:47 GMT https://joeboonie.npub.pro/post/note1hm2hd2nsnlandajx9th9rwesa075hq4uwpfwhlqk7e4cn0te4xqs0x5dzn/ https://joeboonie.npub.pro/post/note1hm2hd2nsnlandajx9th9rwesa075hq4uwpfwhlqk7e4cn0te4xqs0x5dzn/ note1hm2hd2nsnlandajx9th9rwesa075hq4uwpfwhlqk7e4cn0te4xqs0x5dzn Insurance note1hm2hd2nsnlandajx9th9rwesa075hq4uwpfwhlqk7e4cn0te4xqs0x5dzn npub1te43vvz6akg0mkdm8hmkznrmrdqe8fhc3kkp4349a40yt3x57p5q63qwzc Looking for #insurance #agents to follow.

If that's you, let me know so we can yolk up on #nostr. It doesn't matter where you're from or if you're life and health or p&c. The industry is world wide.

#asknostr

]]> Looking for #insurance #agents to follow.

If that's you, let me know so we can yolk up on #nostr. It doesn't matter where you're from or if you're life and health or p&c. The industry is world wide.

#asknostr

]]>