Wildfire season is well underway, with wildfires scorching a record breaking number of acres up and down California, and the peak of the season is yet to come. Mercury Insurance today announced two new programs the company is launching to help Californians better protect their homes and families if they live in areas prone to… Continue reading Mercury Insurance Launches Programs to Help California Homeowners with Wildfire Risk
Tag: home insurance
CoreLogic Estimates $8B-$12B in Insured Losses from Hurricane Laura Wind and Storm Surge
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today announced updated residential and commercial wind and storm surge loss estimates for Hurricane Laura. According to this new data analysis, insured wind and storm surge losses for residential and commercial properties in Louisiana and Texas are estimated to be between $8 billion and… Continue reading CoreLogic Estimates $8B-$12B in Insured Losses from Hurricane Laura Wind and Storm Surge
Nearly 50% of Homeowners Confused Over their Coverage
Many Americans are confused about the basics of homeowners insurance, according to a new survey from Policygenius, the nation’s leading online insurance marketplace. Even respondents who noted they have home insurance were not sure about some of the basics. Nearly half of homeowner respondents (49.4%) incorrectly reported how to calculate the coverage amount for their… Continue reading Nearly 50% of Homeowners Confused Over their Coverage
Hippo Acquires Spinnaker Insurance Company
Hippo, the high-growth company that’s transforming home insurance and ownership, announced today that it has entered into a definitive agreement, pending regulatory approval, to acquire Spinnaker Insurance Company, a national property and casualty insurer licensed in 50 states and rated A- (Excellent) by A.M. Best Company. As part of the acquisition, Spinnaker will join Hippo’s… Continue reading Hippo Acquires Spinnaker Insurance Company
Hippo Insurance and SimpliSafe Partner to Offer Homeowners Insurance Policy with Home Alarm Devices
Hippo Insurance, the high-growth company that’s transforming home insurance and ownership, and SimpliSafe®, maker of award-winning home security systems, today announced a partnership that will provide homeowners access to more options and enhanced peace of mind when it comes to protecting their homes. The partnership will expand the suite of services available within Hippo’s extensive… Continue reading Hippo Insurance and SimpliSafe Partner to Offer Homeowners Insurance Policy with Home Alarm Devices
Swiss Re, IKEA Team Up on Home Insurance
Swiss Re’s iptiQ and IKEA on Tuesday announced the launch of HEMSÄKER, a home insurance offering which provides easily accessible protection at an affordable price. HEMSÄKER, which can be purchased online via the IKEA website in a matter of minutes, was created to extend home insurance to more people and in turn increase their financial… Continue reading Swiss Re, IKEA Team Up on Home Insurance
New Assessment Shows 450 Structures Damaged by Houston Blast
An updated assessment released Monday of the impact of a massive explosion at a warehouse in Houston that killed two workers and injured 20 others shows that 450 structures, mostly homes, were damaged. The new total is more than double the initial assessment of about 200 damaged structures after the explosion early Friday at a… Continue reading New Assessment Shows 450 Structures Damaged by Houston Blast
Insurify Raises $23M to Expand Marketing Efforts, Coverage Lines
Cambridge-based Insurify, a marketplace that lets users compare and shop for insurance online, raised $23 million in Series A financing. The round was led by MTech Capital and Viola FinTech, with participation from Hearst Ventures and two prominent insurance companies: Nationwide, and MassMutual Ventures. The company also offers products from leading insurance companies including Nationwide,… Continue reading Insurify Raises $23M to Expand Marketing Efforts, Coverage Lines
Florida Home Insurer Seeks $30 A Month Average Statewide Price Hike
The number of lawsuits against Boca Raton-based Edison Insurance Co. have doubled in each of the past three years, and now Edison says it needs all of its customers to pay the price. The company is seeking retroactive approval for a statewide average 21.9 percent rate hike scheduled to take effect Feb. 2 for new… Continue reading Florida Home Insurer Seeks $30 A Month Average Statewide Price Hike
Openly Secures $7.65 Million to Empower Insurance Agents and Simplify Home Insurance
Openly Inc., the tech-enabled home insurance provider designed to empower rather than replace agents and simplify the home insurance buying process, announces a $7.65M seed round of funding led by Gradient Ventures, Google’s AI-focused venture fund. Simultaneously, Openly announces its market debut in Illinois and Arizona. Openly is backed by a diverse coalition of investors… Continue reading Openly Secures $7.65 Million to Empower Insurance Agents and Simplify Home Insurance