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Small restaurants, big risks: The coverage gaps that could shut them down
For small restaurants, the margin for error is razor-thin. Small restaurants have always had plenty to worry about – fires in the kitchen, workplace injuries, liability claims, and the ever-present risk of a foodborne illness shutting them down overnight. Unlike large chains with corporate backing, independent restaurants don’t have the financial cushion to absorb major…

Insurers could face broader discount mandate under Minnesota bill
The bill includes further clarification on renewal procedures. Currently, only those aged 55 and older may retake the course every three years to maintain eligibility. Under HF3290, that limitation would be removed, allowing more drivers to refresh their eligibility regardless of age. Drivers who have not claimed the discount in over three years could also…

NICB warns about potential fraud schemes in severe weather-prone states
Charlie Worsham, NICB’s regional director in the Southeast region, said spring weather systems can result in catastrophic weather events like the tornados, thunderstorms, and wildfires seen across Arkansas, Missouri, Ohio, the Tennessee Valleys, South Carolina, and Oklahoma. He warned that some contractors may promise help, ask for the assignment of benefits, and after being paid,…

State Farm tells Lara that it “doesn’t make sense” to issue new policies in California
California’s largest property insurer, State Farm General, has warned that it will not resume writing new policies in the state, even if regulators approve its proposed 22% rate increase. The statement, delivered in a letter to Ricardo Lara, the state’s insurance commissioner, underscores the growing crisis in California’s homeowners insurance market as insurers retreat in…

Auto insurers brace for cost surges as global tariffs take effect
Insurify projects average auto premiums could rise 19% in 2025, up from 5% before the tariffs were factored in. Of that increase, 7% is attributed to the latest global tariffs, 4% to steel and aluminum duties, and 3% to North American trade impacts. The benchmark is reinforced by the COVID-19 pandemic, when replacement costs for…