The cost of insuring a home is on the rise, forcing Americans to make tough decisions about whether to cut back on coverage or make big changes to save their wallets. The nationwide average annual premium for homeowners insurance is $1,398 today, as estimated by trade group Insurance Information Institute. The group says that from… Continue reading What Can Clients Do About the Rising Cost of Home Insurance
Tag: home insurance
Millennials Team Up to Fulfill the Dream of Homeownership
Six months into the pandemic, Veronica Vest was having a serious home-buying urge. Ms. Vest, a 27-year-old project engineer, was tired of having to share a building with others, sick of paying rent and building no home equity—and dreaming of stretching her legs in her very own backyard. She and her boyfriend made an appointment… Continue reading Millennials Team Up to Fulfill the Dream of Homeownership
PG&E Faces Criminal Charges Over Fatal 2020 Wildfire in California
Prosecutors in Northern California filed criminal charges against Pacific Gas & Electric on Friday in connection with the deaths of four people last year in a wildfire that was linked to the utility’s equipment. The Shasta County district attorney brought the charges — including manslaughter, along with other felonies and misdemeanors — in connection with… Continue reading PG&E Faces Criminal Charges Over Fatal 2020 Wildfire in California
AAU Announces Hire of Dettmann in Chicago, IL
AAU, a division of USG Insurance Services, Inc., is pleased to announce the hire of Mason Dettmann as Producer/Broker: Personal Lines in Chicago, IL. Dettmann brings five years of industry experience to the AAU team, most recently with Marketscout Corporation in St. Charles, IL. As Producer/Broker for the Personal Lines Division at AAU, Mason will… Continue reading AAU Announces Hire of Dettmann in Chicago, IL
Home Insurance Provider Orion180 Launches in Tennessee, Expanding Its Presence in the Southeast
Orion180, a rapidly growing homeowners insurance provider leveraging advanced technology to serve independent insurance agents in the Southeastern U.S., today announced its expansion into the Tennessee market. Now, insurance agents and homeowners in Tennessee can access the provider’s simplified coverage, which enables real time quoting, binding, and issue functions in a matter of minutes. Headquartered… Continue reading Home Insurance Provider Orion180 Launches in Tennessee, Expanding Its Presence in the Southeast
Insurify, a ‘Virtual Insurance Agent,’ Raises $100M Series B
Today, Insurify, a startup that wants to help make it easier for people to get better rates on home, auto and life insurance, announced that it has closed $100 million in an “oversubscribed” Series B funding round led by Motive Partners. Existing backers Viola FinTech, MassMutual Ventures, Nationwide, Hearst Ventures and Moneta VC also put… Continue reading Insurify, a ‘Virtual Insurance Agent,’ Raises $100M Series B
Homeownership Accelerated Among Young Millennials During the Pandemic
For many millennials, the pandemic has been anything but an obstacle to leaving their rent-based urban lifestyle behind and settling down — and for good reasons. With plummeting interest rates, the timing to buy homes and invest in wealth-building homeownership couldn’t have been more perfect. Shelter-at-home and remote work have driven a desire for larger… Continue reading Homeownership Accelerated Among Young Millennials During the Pandemic
PG&E Blacks Out Some Customers to Reduce California Wildfire Risks
PG&E Corp. said it was cutting off electricity Tuesday to as many as 51,000 customers in heavily forested parts of Northern California to reduce the risk that its power equipment will spark wildfires. The utility company said it began implementing so-called public safety power shut-offs Tuesday at 5 p.m. Pacific Time in small parts of… Continue reading PG&E Blacks Out Some Customers to Reduce California Wildfire Risks
Home Prices Jumped Across the U.S. in Second Quarter
Home prices surged in almost every corner of the U.S. in the second quarter as robust demand continued to overwhelm the supply of homes for sale. While the homebuying frenzy has shown signs of a slowdown in recent months, home-price growth has yet to cool. The median sales price for single-family existing homes was higher… Continue reading Home Prices Jumped Across the U.S. in Second Quarter
Premium Discounts Available for Homeowners Insurance
As the cost of homeowners insurance continues to rise across the country, particularly in catastrophe-prone areas such as the West Coast and Florida, many luxury-home owners are seeking ways to reduce their premiums. Although the cost of coverage varies widely based on many factors, such as the size of a house, its age and location,… Continue reading Premium Discounts Available for Homeowners Insurance