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State Farm, Kentucky Reach $1.35M Settlement | Insurify

State Farm, the largest U.S. auto insurer by market share, and the Kentucky attorney general’s office have reached a settlement over allegations that the insurer failed to adequately inform customers about available uninsured/underinsured motorist coverages. Under the agreement, State Farm will pay $1.35 million to reimburse

Auto Insurance Rates Set to Rise in NC | Insurify

North Carolina has some of the lowest car insurance rates in the country, according to Insurify data. But many Tarheel drivers will see their car insurance rates increase by a total of 9% by the end of 2024, thanks to a settlement between the state’s insurance commissioner and the

PA Launches Flood Insurance Task Force | Insurify

A new Flood Insurance Premium Task Force in Pennsylvania will look for ways to make flood insurance more affordable and accessible in the Keystone State, Gov. Josh Shapiro’s office announced. Pennsylvania’s state government has created a Flood Insurance Premium Task Force charged with recommending tactics to make flood

Last-Resort Insurers Becoming First Choice for Homeowners | Insurify

Many states have Fair Access to Insurance Requirements (FAIR) Plans to provide home insurance to property owners who can’t find coverage in the voluntary insurance market. These plans are meant to be last-resort options, as they often offer less protection than standard homeowners policies. But rising rates and

FL Budget Takes Aim at Insurance Crisis | Insurify

Florida’s proposed 2024–2025 fiscal year budget includes more than $500 million earmarked for relief measures for Florida homeowners grappling with rising home insurance costs. The budget includes tax exemptions aimed at lowering insurance costs, funds for the state’s grant program to help owners fortify homes against weather

Tesla Insurance Must Face Class Action Suit | Insurify

A class-action lawsuit against EV giant Tesla, challenging its car insurance product, can move forward, an Alameda County Superior Court judge has ruled. Illinois resident Ricky Stephens filed the lawsuit in April on behalf of Tesla owners who also have Tesla insurance in states where Tesla sells coverage. The

Electric Vehicles: Costs, Trends, and Statistics (2026) | Insurify

Interest in electric vehicles (EVs) is rapidly increasing, with 51% of car buyers considering new or used EVs, up from 38% in 2021, according to a recently released Cox Automotive survey.[1]With 33 new EVs launched in 2023 and 50 new or updated EVs slated for 2024, consumers have