Kin, the direct-to-consumer home insurance company built for every new normal®, today announced its expansion into South Carolina.
Tag: homeowners insurance
Citizens Insurance Wants Rate Hikes Enacted at Florida’s Upcoming Special Legislative Session
Citizens wants to be the insurer of last resort, and not the insurer with the lowest premiums.
AM Best Maintains Negative Outlook on Personal Lines Insurance Segment
AM Best maintains its negative market segment outlook for the U.S. personal lines insurance segment for 2023.
Rising Rates and High Prices Cool Housing Market for Investor Home Buyers
Investor home purchases fell 30% in the third quarter, indicating that the rise in borrowing rates and high home prices are causing these firms to pull back.
Delos Insurance Solutions Expands Wildfire Insurance Options for California Homeowners
Delos Insurance Solutions, which uses wildfire science and aerospace expertise to solve insurance availability and affordability issues, announced today the launch of a program to expand homeowners’ insurance options for California homeowners facing wildfire risks.
Home Insurance Trends Reflect Steady Rise in Loss Cost and Severity Across All Perils
This year’s U.S. Home Trends Report, based on property exposures and losses from 2015 to 2021, reveals that, while loss cost and frequency decreased across all perils in 2021, the seven-year trend shows a steady increase over time.
SageSure and Goosehead Partner to Launch Elevate for Preferred Coastal Property Risks
SageSure and Goosehead today announced the launch of the new reciprocal exchange Elevate to protect homeowners in coastal states.
Chubb 3Q Profits Hit by Hurricane Ian Claims
Chubb reported $1.16 billion in catastrophe costs, including $975 million from Hurricane Ian, net of reinsurance. That was roughly in line with the previous year, which was also a difficult quarter for property insurers.
Swiss Re Forecasts 3Q Loss Following Hurricane Ian Claims
Swiss Re forecast a third-quarter net loss of around $500 million on Tuesday, after the reinsurance company absorbed $1.3 billion in preliminary claims from Hurricane Ian. “While the 2022 Group ROE target of 10% is unlikely to be met given the impact of natural disasters, the Ukraine war, and financial market volatility,” the reinsurer said… Continue reading Swiss Re Forecasts 3Q Loss Following Hurricane Ian Claims
Hurricane Ian Exposes Flood Insurance Nightmare in Florida
Hurricane Ian’s storm surge flooded homes on Florida’s west coast, leaving mold, muck, mud, and a flood insurance nightmare for residents who want to rebuild. Many Floridians who experienced extensive flooding did not have a separate flood insurance policy to cover the storm’s damage. It has left homeowners — and even renters — with a… Continue reading Hurricane Ian Exposes Flood Insurance Nightmare in Florida