Farmers Insurance Seeks 7% Rate Hike as California Lifts Homeowner Policy Caps
Farmers Insurance requests a 6.99% home insurance rate increase as California removes caps on new policies, responding to wildfire risk and regulatory reforms.
Farmers Insurance requests a 6.99% home insurance rate increase as California removes caps on new policies, responding to wildfire risk and regulatory reforms.
Recent AAA Foundation data highlights increased aggressive driving behaviors including speeding and cutting off other drivers, affecting auto insurance risk and claims.
Demand for insurtech in the U.S. is projected to grow from $9.3B in 2025 to $84.9B by 2035 at 24.8% CAGR, driven by health insurance digitalization, AI adoption, and embedded insurance models. Regional market leaders and technology trends shape future growth.
Plymouth Rock Assurance implemented a targeted non-renewal strategy to improve homeowners insurance profitability, enhancing loss ratios by 14.5 points across key states during volatile market conditions.
Allstate initially denied a property damage claim involving a fallen tree from a neighbor but issued payment after third-party intervention, underscoring challenges in liability claims for property damage.
New data reveals how credit scores affect home insurance premiums and key housing market trends including construction delays, cybersecurity threats, and transparent pricing strategies for home builders.
Texas holds the sixth-highest insurance burden in the U.S., driven by rising home and auto premiums, severe weather risks, and litigation costs impacting market dynamics.
Wealthedge Investment Advisors acquires a $3.3 million stake in specialty insurer RLI, highlighting AI-driven underwriting and telematics initiatives amid stock underperformance.
Comprehensive analysis of California auto insurance rates, highlighting Progressive and Geico as top insurers. Explore coverage options, liability limits, and strategies to manage premium costs in California's evolving insurance market.
Rising homeowners insurance costs in New York driven by inflation, climate risk, litigation, and regulatory challenges are prompting calls for legislative reforms and risk management innovations.