Eligible states for the new endorsement include Texas, Illinois, Florida, New Jersey, and 38 others. Progressive expects Cargo Plus to reach 49 states by May 21, 2025, and achieve full nationwide availability by the end of the year, pending regulatory approval.
Proponents argue that the bill is necessary to protect older drivers from unfair rate increases, particularly as Louisiana grapples with high auto insurance premiums. According to the report, the bill has faced opposition from the insurance industry, with the American Property Casualty Insurance Association (APCIA) asserting that it unnecessarily duplicates existing regulations. Source link
“In times of economic uncertainty, having trusted insurance partners that are there to be with you through the good times and step in during the bad times is more important than ever,” said Graham Topol, co-founder and co-CEO of MGT Insurance. “We take our role very seriously — it’s more important for us to be…
Centering the broker, not cutting them out Rather than cutting brokers out of the process, as some startups do, it’s important to center them. Brokers aren’t obstacles to be bypassed – they’re the primary users. Automation, then, isn’t about replacing people but handling the repetitive tasks that slow them down. Source link
“Some takeaways were that interest rates are likely to remain somewhat high, especially if tariffs are high, but that there’s a huge need for housing, especially multifamily housing,” he said. “So, networks can take back to their agencies, saying, ‘You ought to look at commercial habitation risk,’ because there’s building, there’s growth, there’s funding, and…
