Farmers Insurance Group of Cos. and United Services Automobile Association led the pack among the largest US homeowner insurers increasing premium rates in 2023.
Tag: homeowners insurance
Progressive Insurance ‘Rebalancing’ Policies in Florida
Property owners in Florida who have Progressive insurance may have to find a new policy soon.
The Hanover Finds Homeowners Vulnerable to the Threat of Water-Related Damage
New research highlights the lack of homeowner preparedness for non-weather-related water damage, even though water damage ranks as the second most prevalent cause of insurance loss claims.
Best’s Special Report: U.S. Homeowners’ Segment Challenges Stress Carrier Operating Results
Elevated frequency of natural catastrophes and secondary perils in the first half of 2023 continue to drive deterioration within the U.S. homeowners insurance segment’s financial results, according to a new AM Best special report.
Home Values Could Collapse as Rising Climate Dangers Wreak Havoc on Insurance Markets, Study Says
Climate change is roiling the US home insurance market, paving the way for a massive correction in property values, a First Street Foundation study said.
U.S. Homeowners Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report
Tens of millions of properties around the country are insured at prices that haven’t caught up with the danger of hurricanes, wildfires and floods, according to a new report from the First Street Foundation, a nonprofit that works to define and communicate risks posed by climate change.
Homeowners Take Risks to Lower Their Insurance Bills
Homeowners in search of relief from rising insurance bills are offering to pay more out of pocket in the event of fire, theft or other damage to their property.
IRC Survey Finds Support for the Use of Insurance Rating Factors
Most Americans agree U.S. insurers price personal auto and homeowners policies by using fair rating variables yet nearly half of them (47 percent) said paying for coverage was a challenge, a newly-released Insurance Research Council (IRC) survey found.
Home Insurance Prices Up 21% as Homeowners Are Left to Deal with Climate Change, Turbulent Market
As the U.S. grapples with a surge in extreme weather and natural disasters, home insurance prices are continuing to skyrocket.
Orion180 Launches Homeowners Insurance Business in Alabama and Mississippi on Admitted Basis
Orion180, a premier provider of insurance solutions launched in 2018, began issuing homeowners insurance in noncoastal areas of Alabama and Mississippi this month through its admitted insurer Orion180 Select Insurance Co.