SURE, the member-owned insurance company for reliable coastal property protection, today announced its coverage is now available in North Carolina. SURE’s North Carolina homeowners insurance is underwritten, distributed, and serviced by SageSure, the leader in catastrophe-exposed property insurance. “SURE was founded to answer the need for trusted property insurance in states with significant catastrophe exposure,”… Continue reading SURE Expands to North Carolina Homeowners Insurance Market
Tag: home insurance
Inflation Likely to Force Homeowners & Auto Insurance to Increase
There doesn’t appear to be any good news about inflation on the horizon for consumers. When they receive their homeowner and auto insurance renewal contracts this year, they will most likely discover that their rates have increased significantly. Rates vary by location, making it difficult to predict how much they will rise. Analysts predict that… Continue reading Inflation Likely to Force Homeowners & Auto Insurance to Increase
Insurance Meltdown Leaves Homeowners without Policies and at Risk
After meteorologists predicted another active Atlantic hurricane season this year, insurance companies closed their doors in Louisiana and Florida, leaving thousands of homeowners in those storm-prone states without coverage. Storms have already taken their toll on the insurance market in Louisiana, making it a “tough place to do business,” according to Jeff Albright, president of… Continue reading Insurance Meltdown Leaves Homeowners without Policies and at Risk
Lightning Caused $1.3 Billion in U.S. Homeowners Claim Payouts in 2021: Triple I
According to the Insurance Information Institute (Triple I), more than $1 billion in lightning-caused U.S. homeowners insurance claims were paid out to 60,000-plus policyholders in 2021, with California accounting for 40% of that total ($523 million). The Triple-I discovered the following based on national insurance claims data compiled to coincide with Lightning Safety Awareness Week… Continue reading Lightning Caused $1.3 Billion in U.S. Homeowners Claim Payouts in 2021: Triple I
Homeowners Insurance Provider Openly Secures $75 Million in Series C Fundraising Round
Openly, the technology-enabled provider of premium homeowners insurance through independent agents, today announced that it has closed a $75 million Series C investment. The round involves a mix of current and new investors, including Advance Venture Partners, Clocktower Ventures, Obvious Ventures, Gradient Ventures, PJC Ventures, Techstars, and Mtech Capital. Openly’s mission is to empower independent… Continue reading Homeowners Insurance Provider Openly Secures $75 Million in Series C Fundraising Round
New York City and Miami Have Most Homes at Risk of Storm Surge Damage
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its 2022 Hurricane Report, which analyzes hurricane and storm surge and wind risk exposure for single-family residences (SFRs) and multifamily residences (MFRs) along the U.S. Gulf and Atlantic Coasts. CoreLogic risk modeling data shows that nearly 7.8 million homes with more than… Continue reading New York City and Miami Have Most Homes at Risk of Storm Surge Damage
Insurance Agents in Louisiana Scramble to Find Homeowners Coverage Amid Policy Cancellations
Insurance agents are feeling the pressure as they scramble to find new coverage for tens of thousands of Louisianans who are losing their home insurance this month and next month. “I worked until 2:30 in the morning writing policies,” Ross Fayard, owner of Amstate Insurance says. Fayard was already dealing with finding new coverage for… Continue reading Insurance Agents in Louisiana Scramble to Find Homeowners Coverage Amid Policy Cancellations
Berkley One Expands Into Four New States
Berkley One (a Berkley Company), an insurance provider for modern, sophisticated individuals and families, has expanded its personal insurance portfolio to Delaware, Montana, South Carolina and Wyoming. Insurance solutions from Berkley One are now available in 29 geographies. “Always moving forward is not only our brand promise but also our approach to accelerating our expansion… Continue reading Berkley One Expands Into Four New States
Most of U.S. West Is in Severe Drought as Peak Wildfire Season Looms
The American West is experiencing its worst drought on record, bringing new water restrictions, wildfire danger, and anxiety to one of the country’s fastest-growing regions as summer approaches. According to tree-ring records analyzed by researchers from the University of California, Los Angeles, much of the West has been mired in a drought dating back to… Continue reading Most of U.S. West Is in Severe Drought as Peak Wildfire Season Looms
Gov. DeSantis Signs Bills on Home Insurance Reform
Gov. Ron DeSantis has signed into law a package of property insurance reforms to curb skyrocketing home insurance costs in Florida. The House and Senate just passed two bills related to home insurance reform this week during the legislative special session, as the state’s uniquely complicated and pricey property insurance market took center stage. On… Continue reading Gov. DeSantis Signs Bills on Home Insurance Reform