A groundbreaking analysis by ZestyAI reveals a critical issue in homeowners’ insurance coverage: millions of properties across the United States may be underinsured due to unreported or inadequately covered secondary structures.
Author: Maria Valdez Haubrich
LWCC is Acquiring Prescient National
LWCC, Louisiana’s largest workers’ compensation insurance carrier, announced it is acquiring 100% of North Carolina-based Prescient National.
Climate’s Costly Consequence: The Unraveling of American Home Insurance
A groundbreaking investigation by the Senate Budget Committee, led by Senator Sheldon Whitehouse, reveals a disturbing trend: insurers are systematically abandoning homeowners in high-risk regions.
Rising Retail Theft and Violence
A recent report from the National Retail Federation (NRF) highlights an alarming trend in the retail sector: shoplifting incidents have surged by 93% since 2019, accompanied by a significant rise in violence.
Hilb Group Acquires Texas-based Business, Continues to Expand Property and Casualty Presence
The Hilb Group announced on December 18, 2024, that it had acquired a (so far, unnamed) Texas-based property and casualty business.
Pet Insurance Market Set to Surge: Key Trends Driving $32.6 Billion Growth by 2030
The global pet insurance market is poised for extraordinary growth, projected to more than double from $12.8 billion in 2023 to $32.6 billion by 2030.
Senators Propose Tax Credit to Address Rising Flood Insurance Premiums
In response to skyrocketing flood insurance costs under the National Flood Insurance Program (NFIP), Senators Cory Booker (D-NJ) and Bill Cassidy (R-LA) have introduced a bipartisan bill to provide financial relief to low- and middle-income homeowners.
Starfish Specialty Launches Bespoke EPLI Solution for PEOs and Staffing Firms
Starfish Specialty is proud to announce the launch of STAFFprotect, a groundbreaking Employment Practices Liability Insurance (EPLI) product tailored specifically for the Professional Employer Organization (PEO) and Staffing Industry vertical.
California Approves New Insurance Changes to Stabilize the Market
California homeowners may soon see relief. On Friday, the state’s Department of Insurance announced it has received a procedural green light to make critical changes aimed at stabilizing the insurance market.
Recent Cyberattacks Highlight Growing Risks for Businesses
Cyberattacks continue to disrupt businesses across industries, with recent ransomware incidents underscoring the financial and operational risks companies face when their digital infrastructure is compromised.