Penewo
21 hours ago
California's New Climate Insurance Initiative Aims to Protect Vulnerable Communities
California has introduced Assembly Bill 1236, the Local Climate Insurance Pilot Projects Act, to fund innovative insurance programs that reduce risks and close protection gaps for uninsured and underi...Read More
Penewo
5 days ago
Insurance Giants Achieve Top Financial Strength Ratings in 2025
In 2025, leading insurance firms like Northwestern Mutual and AIG received top financial strength ratings from major agencies, reflecting their robust financial health and commitment to policyholders....Read More
Penewo
6 days ago
Understanding Insurance Claims: A Step-by-Step Guide
Filing an insurance claim can be daunting. Our latest guide breaks down the process into clear steps: from reporting your loss and documenting damages, to working with adjusters and understanding your...Read More
Penewo
1 week ago
Protecting Your Digital Assets: The Rise of Cryptocurrency Insurance
As digital assets like cryptocurrencies gain popularity, specialized insurance policies are emerging to safeguard against risks such as theft and cyberattacks. Companies like BitGo and Rakkar now offe...Read More
Penewo
1 week ago
Parametric Insurance: Rapid Payouts for Climate Resilience
Parametric insurance is revolutionizing risk management by offering swift, data-driven payouts triggered by specific events like hurricanes or earthquakes. This approach ensures rapid financial suppor...Read More
Penewo
2 weeks ago
Bitcoin Life Insurance: A New Era for Crypto Holders
Meanwhile, a Bermuda-based insurer, is pioneering Bitcoin-denominated life insurance policies, allowing crypto enthusiasts to pay premiums and receive payouts entirely in BTC. This innovative approach...Read More
Penewo
3 weeks ago
Understanding Insurance Deductibles: Balancing Costs and Coverage
An insurance deductible is the amount you pay out-of-pocket before your insurer covers the remaining costs of a claim. Choosing a higher deductible can lower your premiums but increases your financial...Read More
Penewo
3 weeks ago
Avoid These Common Insurance Mistakes to Protect Your Assets
Many individuals unknowingly make insurance mistakes that can leave them vulnerable. Common errors include underinsuring assets, neglecting to update policies after major life events, and misunderstan...Read More
Penewo
3 weeks ago
Understanding Insurance Exclusions: What Your Policy Doesn't Cover
Insurance policies often contain exclusions-specific conditions or events that are not covered. Common exclusions include intentional acts, wear and tear, and certain natural disasters. Familiarizing ...Read More
Penewo
3 weeks ago
Insurers Introduce AI Exclusions Amid Rising Risks
As artificial intelligence becomes more integrated into business operations, insurers are adding exclusions for AI-related risks in policies like D&O and E&O. Policyholders should review their coverag...Read More
Penewo
1 month ago
Navigating Health Insurance: Key Factors to Consider
Choosing the right health insurance plan can be daunting. Focus on understanding the 'metal' categories-Bronze, Silver, Gold, and Platinum-which indicate how you and your plan share costs. Evaluate to...Read More
Penewo
1 month ago
Essential Insurance Tips for First-Time Homebuyers
Embarking on homeownership? Ensure you're adequately protected by understanding your insurance options. Start by assessing the replacement cost of your home to determine appropriate dwelling coverage....Read More
Penewo
1 month ago
Extreme Weather Events Drive Surge in Insurance Losses
In the first half of 2025, global insured losses from natural catastrophes soared to $80 billion, nearly doubling the 10-year average. This surge was primarily driven by severe thunderstorms and devas...Read More
Penewo
1 month ago
Insurtech Insights USA 2025: Shaping the Future of Insurance
The Insurtech Insights USA 2025 conference, held on June 4–5 at New York's Javits Center, gathered over 6,000 industry leaders to explore cutting-edge technologies and trends transforming the insura...Read More
Penewo
1 month ago
Medicare's 2025 Overhaul: Key Changes You Need to Know
Starting January 1, 2025, Medicare will implement significant changes to enhance affordability and access for beneficiaries. Notably, a $2,000 annual cap on out-of-pocket prescription drug costs will ...Read More
Penewo
1 month ago
ACA Subsidies Set to Expire: Potential Premium Hikes Ahead
Enhanced Affordable Care Act (ACA) subsidies are scheduled to expire at the end of 2025, potentially leading to significant premium increases for millions of Americans. Without congressional action, e...Read More
Penewo
1 month ago
Top Insurance Options for Gig Workers in 2025
Navigating insurance as a gig worker can be challenging. In 2025, top options include ACA Marketplace plans offering comprehensive coverage with income-based subsidies, Medicaid for those with lower i...Read More
Penewo
1 month ago
Insurers Risk Losing Millennials and Gen Z Over Poor Digital Experiences
A recent survey reveals that 28% of Gen Z and 21% of Millennials have switched insurers due to frustrating online interactions. To retain these tech-savvy customers, insurers must enhance their digita...Read More
Penewo
1 month ago
Insurers Innovate Amid Rising Climate-Driven Losses
In 2024, natural disasters caused global losses of $320 billion, with $140 billion insured, marking it the third costliest year since 1980. To address escalating climate risks, insurers are adopting a...Read More
Penewo
1 month ago
Auto Insurance Rates in 2025: What You Need to Know
In 2025, auto insurance premiums are projected to rise by an average of 7.5%, reaching a national average of $2,101 per year. Factors contributing to this increase include advanced vehicle technologie...Read More
Penewo
1 month ago
Choosing the Right Critical Illness Insurance: Key Factors to Consider
Selecting the appropriate critical illness insurance requires careful evaluation of several factors. Assess your current health insurance to identify coverage gaps, such as high deductibles or uncover...Read More
Penewo
1 month ago
Insurtech Market Poised for Explosive Growth by 2034
The insurtech sector is on track for remarkable expansion, with projections indicating a 36% compound annual growth rate (CAGR) from 2025 to 2034, reaching a market value of $133 billion. This surge i...Read More
Penewo
1 month ago
Drive Safe, Save Big: Telematics Programs Reward Cautious Drivers
Auto insurers are increasingly offering telematics programs that monitor driving habits and reward safe behavior with significant discounts. For instance, Nationwide's SmartRide program provides an in...Read More
Penewo
1 month ago
Top Insurance Apps of 2025: Manage Your Policies with Ease
In 2025, managing your insurance policies is more convenient than ever, thanks to advanced mobile apps. Leading the pack is GEICO Mobile, offering features like digital ID cards and real-time claims t...Read More
Penewo
1 month ago
AI Liability Exclusions: Insurers Limit Coverage Amid Rising Risks
Major insurers like AIG and WR Berkley are introducing policy exclusions to limit liability from AI-related lawsuits, following costly incidents involving AI failures. This move reflects growing conce...Read More
Penewo
1 month ago
Single Parent Protection: Tailored Insurance for Solo Caregivers
Legacy Life Group has introduced the 'Single Parent Protection' program, offering customized life insurance policies designed specifically for single parents. This initiative provides flexible premium...Read More
Penewo
1 month ago
Mental Health Coverage Expands: What to Expect in 2025
In 2025, significant strides are being made to enhance mental health coverage. Insurers are aligning reimbursement rates for mental health services with those of physical health, expanding teletherapy...Read More
Penewo
1 month ago
Home Insurance Premiums Surge Amid Climate Challenges
Homeowners across the U.S. are facing significant increases in insurance premiums due to escalating climate-related risks. In Minnesota, for instance, premiums are projected to rise by 15% in 2025, dr...Read More
Penewo
1 month ago
Small Businesses Embrace ICHRAs Amid Rising Health Insurance Costs
Facing escalating health insurance premiums, small businesses are increasingly adopting Individual Coverage Health Reimbursement Arrangements (ICHRAs). This model allows employers to reimburse employe...Read More
Penewo
1 month ago
Critical Illness Insurance Embraces Tech for Personalized Coverage
Critical illness insurance is evolving with technology, offering personalized coverage through AI-driven underwriting and wearable health devices. These innovations enable insurers to assess risks mor...Read More
Penewo
1 month ago
Student Health Insurance: Exploring Your Coverage Options
Navigating health insurance as a college student can be complex. Options include staying on a parent's plan until age 26, enrolling in a university-sponsored plan, or purchasing coverage through the A...Read More
Penewo
1 month ago
Is Your Home Insurance Ready for the Next Natural Disaster?
Standard homeowners insurance may not cover all natural disasters. For instance, flood and earthquake damages typically require separate policies. With climate change increasing the frequency of extre...Read More
Penewo
1 month ago
Insurers Leverage AI to Combat Rising Vehicle Insurance Fraud
The insurance industry is increasingly adopting artificial intelligence (AI) to detect and prevent vehicle insurance fraud, which has surged due to the use of generative AI by fraudsters. By implement...Read More
Penewo
1 month ago
Home Insurance Premiums Surge Amid Climate Challenges
Homeowners across the U.S. are facing significant increases in insurance premiums, with an average annual rise of 14% in 2024, bringing the typical cost to $2,290. This surge is largely driven by esca...Read More
Penewo
1 month ago
Parametric Insurance: Rapid Payouts for Climate Resilience
Parametric insurance is revolutionizing risk management by offering swift, data-driven payouts when predefined environmental triggers, like specific rainfall or wind speeds, are met. This model ensure...Read More
Penewo
1 month ago
Subscription-Based Auto Insurance: Flexibility for Modern Drivers
Subscription-based auto insurance models are gaining popularity, offering drivers the ability to adjust coverage monthly based on their changing needs. This flexibility allows for temporary increases ...Read More
Penewo
1 month ago
Generative AI Fuels Surge in Vehicle Insurance Fraud
The rise of generative AI is enabling fraudsters to create highly realistic fake accident evidence, leading to a new wave of vehicle insurance scams. Insurers are deploying advanced detection tools to...Read More
Penewo
1 month ago
Identity Theft Insurance: Essential Protection in the Digital Age
With identity theft incidents projected to rise by 49% by the end of 2025, safeguarding personal information has never been more critical. Identity theft insurance offers comprehensive coverage, inclu...Read More
Penewo
1 month ago
Navigating Health Insurance Options for Remote Workers
As remote work becomes the norm, many employees find traditional health plans inadequate for their needs. A recent study revealed that 80% of young remote workers are considering job changes due to he...Read More
Penewo
1 month ago
Top Insurance Plans for Digital Nomads in 2025
As remote work continues to rise, digital nomads need reliable insurance tailored to their lifestyle. Leading options include SafetyWing, offering flexible, subscription-based coverage starting at $45...Read More
Penewo
1 month ago
Gen Z's Insurance Revolution: Digital, Personalized, and Socially Conscious
Gen Z is reshaping the insurance landscape by demanding hyper-personalized, AI-driven policies that align with their digital lifestyles and social values. Insurers are responding by offering flexible,...Read More
Penewo
1 month ago
Electric Vehicle Insurance Rates Drop 23% in 2025
In 2025, electric vehicle (EV) insurance premiums have decreased by an average of 23%, making coverage more affordable for EV owners. This reduction is attributed to insurers gaining better understand...Read More
Penewo
1 month ago
Mastering Insurance Claims: Essential Steps for a Smooth Process
Filing an insurance claim can be daunting, but following key steps can streamline the process. Promptly report the incident to your insurer, as timely reporting is crucial. Thoroughly document all dam...Read More
Penewo
1 month ago
AI's Double-Edged Sword in Insurance: Innovation Meets Fraud Risks
The insurance industry is rapidly adopting artificial intelligence to enhance efficiency and personalize services. However, this technological leap brings challenges, notably the rise of 'deepfakes'-h...Read More
Penewo
1 month ago
NCAA Introduces Post-Eligibility Injury Insurance for Student-Athletes
Starting August 1, 2024, the NCAA will offer member schools a post-eligibility injury insurance program for student-athletes. This coverage extends for two years after athletes complete their college ...Read More
Penewo
1 month ago
Insurers Embrace AI to Tackle Emerging Risks
Facing challenges like climate change and cyber threats, insurers are increasingly adopting artificial intelligence (AI) to enhance risk assessment and streamline operations. AI tools are now integral...Read More
Penewo
1 month ago
Insurtech Innovations: Tailored Coverage for Gig Workers
The gig economy's rapid growth has left many workers without traditional insurance benefits. To address this, insurtech companies are developing on-demand, usage-based insurance solutions that align w...Read More
Penewo
1 month ago
AI-Powered Chatbots Revolutionize Insurance Customer Service
Insurance companies are increasingly adopting AI-driven chatbots to enhance customer interactions. These digital assistants handle inquiries, process claims, and provide policy information in real-tim...Read More
Penewo
1 month ago
AI Transforms Auto Insurance: Personalized Premiums and Faster Claims
Artificial Intelligence is revolutionizing auto insurance by enabling personalized premiums through Usage-Based Insurance (UBI) programs and expediting claims processing. UBI utilizes telematics to mo...Read More
Penewo
1 month ago
Climate Change Drives Surge in Car Insurance Premiums
Recent studies reveal that climate change is significantly impacting car insurance rates. The increasing frequency of extreme weather events, such as hurricanes and hailstorms, has led to a surge in w...Read More
Penewo
1 month ago
Green Insurance: Meeting Consumer Demand for Sustainability
As climate change intensifies, consumers are increasingly seeking eco-friendly insurance options. A recent survey revealed that 38.4% of U.S. consumers consider it very important for insurers to engag...Read More
Penewo
1 month ago
Top Telehealth Insurance Plans for 2025: What You Need to Know
As telehealth continues to reshape healthcare, choosing the right insurance plan is crucial. In 2025, leading insurers like UnitedHealthcare, Blue Cross Blue Shield, and Aetna are offering comprehensi...Read More
Penewo
1 month ago
California's New Regulation Aims to Secure Financial Future Amid Emerging Risks
California Insurance Commissioner Ricardo Lara has introduced the Long-Term Solvency Regulation to protect consumers from rising costs associated with climate disasters, cybersecurity threats, and AI ...Read More
Penewo
1 month ago
California's New Insurance Reforms: What Homeowners Need to Know
California is implementing significant insurance reforms to address the challenges posed by climate change and increasing wildfire risks. These changes aim to expand coverage in high-risk areas and mo...Read More
Penewo
1 month ago
AI-Powered Chatbots Transform Small Business Insurance
Artificial Intelligence (AI) is revolutionizing small business insurance through the deployment of AI-powered chatbots. These digital assistants handle inquiries, process claims, and provide policy in...Read More
Penewo
1 month ago
On-Demand Insurance: Tailored Coverage for Gig Workers
The gig economy's rapid growth has spurred the rise of on-demand insurance, offering freelancers and independent contractors flexible, usage-based coverage. These policies activate only during work pe...Read More
Penewo
1 month ago
Top Health Insurance Options for Freelancers in 2025
Navigating health insurance as a freelancer can be challenging. In 2025, options like ACA Marketplace plans offer comprehensive coverage with income-based subsidies, while providers such as Oscar Heal...Read More
Penewo
1 month ago
Student Health Insurance: Essential Coverage for Your College Journey
Heading to college? Don't overlook the importance of health insurance. Many universities offer student health plans covering medical expenses like hospital stays, surgeries, and prescriptions. Alterna...Read More
Penewo
1 month ago
Climate Change Drives Surge in Home Insurance Premiums
Homeowners across the U.S. are facing significant increases in insurance premiums due to climate change. Recent data reveals that from 2018 to 2022, average premiums rose 8.7% faster than inflation, w...Read More
Penewo
2 months ago
AI Revolutionizes Life Insurance: Personalized Policies and Efficient Claims
Artificial Intelligence (AI) is transforming the life insurance industry by enabling personalized policy recommendations and streamlining claims processing. Insurers are leveraging AI to analyze vast ...Read More
Penewo
2 months ago
AI-Powered Insurtechs Transforming Home Insurance in High-Risk Areas
Innovative insurtech startups are leveraging artificial intelligence to revolutionize home insurance, particularly in regions prone to natural disasters. Companies like Stand Insurance are expanding i...Read More
Penewo
2 months ago
Digital Transformation in Disability Insurance: Enhancing Accessibility and Efficiency
The disability insurance sector is undergoing a significant digital transformation, with insurers integrating advanced technologies to streamline processes and improve customer experiences. Companies ...Read More
Penewo
2 months ago
Embedded Insurance: Seamless Coverage at Your Fingertips
Embedded insurance is revolutionizing the way we access coverage by integrating policies directly into the purchase process of products and services. Imagine booking a flight and adding travel insuran...Read More
Penewo
2 months ago
How Smart Home Tech is Lowering Insurance Costs
Integrating smart home devices like leak detectors and security systems can reduce your insurance premiums. Insurers are offering discounts to homeowners who adopt these technologies, as they help pre...Read More
Penewo
2 months ago
Insurance Fraud: How It Inflates Your Premiums and What to Watch For
Insurance fraud costs Americans over $308 billion annually, adding nearly $3,800 to the average family's expenses. Fraudsters employ tactics like staged accidents and AI-generated fake claims, leading...Read More
Penewo
2 months ago
Cyber Insurance in 2025: Navigating New Threats and Trends
As cyber threats evolve, the cyber insurance market in 2025 is adapting to address challenges like AI-driven attacks and supply chain vulnerabilities. Insurers are offering more tailored policies, int...Read More
Penewo
2 months ago
Pet Insurance Trends: Wellness Coverage and Tech Integration
Pet insurance is evolving beyond emergency care to include wellness and preventive services like vaccinations and dental cleanings. Additionally, insurers are integrating wearable technology to monito...Read More
Penewo
2 months ago
Tuition Insurance: Safeguard Your College Investment
Tuition insurance offers financial protection if unforeseen events, like serious illness or injury, force a student to withdraw from college. This coverage can reimburse non-refundable tuition fees an...Read More
Penewo
2 months ago
Top Strategies to Reduce Your Insurance Premiums
Looking to lower your insurance costs without sacrificing coverage? Consider bundling your home and auto policies with the same insurer to unlock discounts. Raising your deductible can also lead to si...Read More
Penewo
2 months ago
When to Update Your Insurance Coverage: Key Life Events to Consider
Regularly reviewing your insurance policies ensures they align with your current needs. Significant life events-such as getting married, having a baby, purchasing a new home, or experiencing income ch...Read More
Penewo
2 months ago
Emergency Room Visits: What Your Insurance Covers
Did you know that your health insurance plan may cover emergency room visits, even at out-of-network hospitals? In true emergencies, insurers can't require prior approval or charge higher copayments f...Read More
Penewo
2 months ago
Mastering Health Insurance: A Guide to Comparing Plans
Choosing the right health insurance plan can be overwhelming. Focus on key factors: monthly premiums, out-of-pocket costs like deductibles and co-pays, and whether your preferred doctors and medicatio...Read More
Penewo
2 months ago
Why Travel Insurance is Essential for Your Next Trip
Travel insurance safeguards you against unforeseen events like medical emergencies, trip cancellations, and lost baggage. With rising travel disruptions, having coverage ensures peace of mind and fina...Read More
Penewo
2 months ago
Navigating Health Insurance Options for International Students in the U.S.
Studying in the U.S. as an international student requires understanding mandatory health insurance policies. Universities like the University of San Francisco and Oregon State University automatically...Read More
Penewo
2 months ago
Smart Strategies to Lower Car Insurance Costs for Young Drivers
Young drivers often face high insurance premiums, but several strategies can help reduce these costs. Maintaining a 'B' average or higher can qualify for good student discounts, potentially saving 10-...Read More
Penewo
2 months ago
Understanding Renter's Insurance: Protect Your Belongings
Renter's insurance is essential for safeguarding your personal possessions against unexpected events like theft, fire, or water damage. It typically covers personal property, liability protection, and...Read More
Penewo
3 months ago
Stay Covered, Stay Chill
Health, travel, or your stuff—insurance can be confusing. Here’s where students share what really works. Peace of mind = priceless. Read More
