Florida Appeals Court Upholds Denial Over Delayed Windstorm Damage Claim

Florida appellate court affirms insurer's denial of windstorm damage claim due to nearly two-year delayed notice, reinforcing prompt notice requirements in homeowners insurance.

Florida OIR and University of Florida Promote Resilient Homebuilding to Mitigate Water Intrusion and Insurance Costs

Florida's OIR and University of Florida partner to enhance home resilience against water intrusion, aiming to reduce insurance costs through advanced building materials and smart technologies.

New Bill Proposes Tax Deduction for Flood Insurance Premiums in Florida

The Flood Insurance Relief Act aims to provide tax deductions on flood insurance premiums for middle-income homeowners in Florida, addressing low coverage rates and rising costs in flood-prone areas.

California Insurance Commissioner Dismisses Lawsuit to Protect Market Stability

California Insurance Commissioner Ricardo Lara dismisses lawsuit challenging regulatory authority, advancing efforts to stabilize the insurance market amid wildfire risks and insurer withdrawals.

Medical Professional Liability Insurance Market to Reach $33.7B by 2031

The medical professional liability insurance market is projected to grow from $12.5B in 2021 to $33.7B by 2031, with Asia-Pacific leading growth and advances in claims automation driving adoption.

Q2 Auto Insurance Shopping Dips; Consumer Switching Increases

Q2 auto insurance shopping declines slightly as consumer switching rises, driven by risk-based pricing and bundled policyholders. Northeast shows highest shopping activity.

DisplayRide Launches 500-Vehicle Pilot to Combat NYC Vehicle Insurance Fraud

DisplayRide, with partners American Transit Insurance, NYSFTB, and NYAB, launches a 500-vehicle pilot to combat widespread vehicle insurance fraud impacting NYC's large fleet vehicles.

Michigan Leads with Jeep Grand Cherokee Most Stolen Vehicle in 2024

In 2024, Michigan's Jeep Grand Cherokee tops the list of most stolen vehicles, underlining regional vehicle theft trends and highlighting advanced theft methods impacting insurance and prevention.

Strategies to Reduce High Homeowners Insurance Costs in Detroit

Explore practical strategies for Detroit homeowners to reduce high homeowners insurance premiums, including brokerage advantages, bundling discounts, and Michigan Basic plan options.

Florida's Slide Insurance CEO Compensation Draws Scrutiny Amid Rising Homeowners Premiums

Slide Insurance CEO and COO received $37.7 million combined amid rising homeowners premiums in Florida, raising regulatory and consumer concerns over executive compensation and market impacts.