North Texas Homeowners Face 22% Insurance Premium Increase in 2024
North Texas homeowners see a 22% rise in insurance premiums in 2024 driven by increased storm claims and rising material costs, impacting mortgage affordability and lending.
North Texas homeowners see a 22% rise in insurance premiums in 2024 driven by increased storm claims and rising material costs, impacting mortgage affordability and lending.
Tariffs on imported construction materials are projected to raise U.S. home insurance premiums by $106 on average in 2025, impacting rebuilding costs and coverage requirements nationwide.
Florida's House Bill 655 introduces comprehensive regulations for pet insurance and wellness programs, enhancing disclosure requirements and marketing practices from 2024.
The California FAIR Plan sees a surge in wildfire claims and policyholders after LA fires amid private insurer withdrawals, facing financial strain and legal scrutiny.
Progressive's Q1 2025 results reveal a 10% profit increase, 25% growth in auto premiums, and strategic AI investments driving operational efficiency. NAIC data confirms its position as the second-largest U.S. personal auto insurer.
Florida's no-fault auto insurance system raises premiums for safe drivers by spreading accident costs statewide. Legislative change and state-run insurance options could reshape affordability and driver accountability.
Admiral Group PLC agrees to sell U.S. motor insurance brand Elephant Insurance to J.C. Flowers & Co., shifting ownership to the U.S. with growth and profitability gains.
Consumer Watchdog sues California Insurance Commissioner over FAIR Plan surcharges, challenging insurer cost-shifting practices and regulatory compliance under wildfire assessments.
S&P Global Ratings updates insurer risk-based capital adequacy criteria, strengthening insurer capital buffers and enhancing credit rating stability amid market volatility and regulatory changes.
USAA achieves $3.9 billion profit and record $48.6 billion revenue in 2024, navigating rising insurance premiums and regulatory challenges. Membership grows past 14 million.