WSJ What’s News Soaring Insurance Rates Have States Considering Price Caps
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Oct 20, 2025 Home and auto insurance rates are skyrocketing, prompting some states to consider price controls. However, experts warn that these measures could lead to fewer insurance providers. Meanwhile, an unprecedented Amazon Web Services outage disrupts access to major websites and apps for millions. In positive news, Apple reaches a record high in stock prices, fueled by strong iPhone sales. Plus, a dive into the implications of the Supreme Court's upcoming decision on gun rights for drug users adds a layer of intrigue.
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AWS Outage Cascaded From Database Error
- An AWS outage began early one morning after a database update error and affected millions of websites and apps.
- Legacy systems in an older Northern Virginia data center worsened the cascading failures and prolonged recovery.
Insurance Costs Have Surged Nationwide
- U.S. home insurance rates have risen sharply since 2020, with some states seeing doubling of premiums.
- Drivers face similar pressure as repair, replacement costs, home values, and natural catastrophes push rates up.
States Eye Price Controls To Curb Premiums
- Some states are proposing price controls that let regulators block or reject proposed rate increases.
- Measures vary widely, from veto powers to bans on "excessive" rates without actuarial proof.