Lemonade Revving Up to Enter Car Insurance Market

Ruben Onsu

Lemonade, the insurance company that uses artificial intelligence and behavioral economics, plans to add car insurance to its current renters, homeowners, pet and life insurance offerings in the U.S.

The insurtech announced it is readying what it calls Lemonade Car for launch within the year. It is inviting customers to register early.

This is the company’s third expansion into a major new insurance category in less than 12 months. The company started with homeowners products, adding pet insurance in the second half of 2020, and term life insurance in the first half of 2021.

Last July, Lemonade launched the first

read more

Two new bills cover insurance on telehealth services in Nebraska

Ruben Onsu

LINCOLN, Neb. (KOLN) – When the pandemic hit in March of 2020, healthcare services changed drastically. Providers began utilizing telehealth more than ever.

Two bills recently passed in the legislature ensure that Nebraskans are covered, no matter if their appointment is in person or through a screen.

In April of 2020, nearly half of all primary care visits were made using telehealth, according to the Department of Health and Human Services. This is part of the reason why some members of Nebraska’s legislature believe it’s here to stay, even after the pandemic is over.

“This all of a sudden opened

read more

NC Rate Bureau granted smaller insurance increase on dwellings than what was sought

Ruben Onsu

RALEIGH, N.C. (WITN) -The N.C. Department of Insurance has ended its legal dispute with the North Carolina Rate Bureau on its proposed 18.7% dwelling insurance rate increase as the two sides reached an agreement on a smaller increase.

On Dec. 14, 2020, the Rate Bureau, which represents companies writing property insurance in North Carolina and is not a part of the N.C. Department of Insurance, proposed a 18.7% statewide overall increase in dwelling insurance rates.

After studying the data, Insurance Commissioner Mike Causey says he negotiated a settlement for a much smaller rate of an overall statewide increase of 7.6%,

read more

Legislature’s fixes are needed to save insurance market

Ruben Onsu

Guy C. Fraker

Last fall, I was commissioned to complete a consumer- focused analysis of Florida’s property insurance market. What I discovered is best described referring to an iconic film trilogy. Florida’s dwelling insurance market should be called The Matrix. In the films, people exist in comas, their stasis used as batteries to power parasitic robotics. All the while, they are embedded with an illusion of reality. Seven million Floridians are being used to power parasitic entities while being asked to accept a deplorably false narrative about insurance companies.

Field property specialist Sam Ellenburg, left, and property large loss claims manager Vicky Walters of Grange/Integrity Insurance talk while a drone flies what they refer to as a lawnmower grid Aug. 19 taking damage photos for an insurance claim in Cedar Rapids, Iowa.

The resulting impacts include citizens paying a hidden tax that grows

read more

What is non-owner car insurance?

Ruben Onsu

MarketWatch has highlighted these products and services because we think readers will find them useful. This content is independent of the MarketWatch newsroom and we may receive a commission if you buy products through links in this article.

It’s possible to purchase an auto insurance policy without owning a car. Non-owner car insurance works like liability coverage that is connected to an individual driver rather than a specific vehicle.

Keep reading to learn more about non-owner car insurance, including what is covered, how much these policies typically cost and recommendations for the best car insurance companies that sell non-owner auto

read more

Micron, United Insurance Holdings, Western Digital Corp and Levi Strauss highlighted as Zacks Bull and Bear of the Day

Ruben Onsu

For Immediate Release

Chicago, IL – April 16, 2021 – Zacks Equity Research Shares of Micron Technology, Inc. MU as the Bull of the Day, United Insurance Holdings Corp. UIHC as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Western Digital Corporation WDC and Levi Strauss & Co. LEVI.

Here is a synopsis of all four stocks:

Bull of the Day:

Micron beat its already-raised outlook for its second quarter fiscal 2021 results on March 31. Wall Street drove the stock to new highs following the release as the memory chip maker looks poised to

read more