Florida lawmakers consider a bill to ban denial of insurance claims based solely on AI outputs, balancing consumer protections with industry efficiency in AI-driven claim processing.
The Florida Property Tax Offset Act proposes linking homeowners insurance premiums to property tax relief, aiming to ease rising insurance and tax burdens for full-time Florida residents and promote housing affordability.
The traditional 30% rule limiting housing expenses to 30% of income, including insurance and taxes, is set for reconsideration in 2025, reflecting changes in economic and market conditions relevant to insurers and financial planners.
The Homeowners Market Data Call Task Force updates reporting templates to improve regulatory analysis of homeowners insurance market trends, targeting consistent nationwide data collection by 2026.
Explore the dynamics between state regulators and consumer advocates in the heavily regulated U.S. homeowners insurance market, featuring insights from expert J. Robert Hunter.
Florida's Citizens Property Insurance proposes its first rate decrease in 10 years, cutting premiums by 2.6% on average for noncommercial property insurance statewide, signaling market progress.
Amica Insurance's assistant VP Bryanca Colvin outlines a three-step plan to help consumers manage debt, prioritize needs over wants, and choose the right insurance coverage to safeguard finances.
Amica Insurance advisor Bryanca Colvin outlines a practical budgeting and insurance approach to help manage debt and financial stability. Learn strategic expense prioritization and insurance importance.
A Massachusetts court ruled that a homeowner’s insurance policy does not cover a dog bite claim because the dog owner was not a resident of the named insureds’ household. The decision clarifies limits on insured status in homeowner policies.
Michigan homeowners face increased risk of winter damage from burst pipes, roof leaks, and power outages. Completing seasonal maintenance helps prevent costly repairs and insurance claims.
