Colorado faces significant home insurance premium increases due to wildfire risks and extreme weather, prompting new regulations to stabilize the market and support homeowners.

Motion Specialty has secured approval as a Lloyd's of London coverholder to underwrite specialty insurance products including High Value Homes and Flood coverage, leveraging data-driven underwriting and technology focused on wholesale distribution.

State Farm obtains interim approval for a 17% rate increase on California home insurance policies due to wildfire claims and shrinking surplus. Further hearings will assess final rate legality and consumer protections.

AM Best reports robust 12.1% premium growth in US surplus lines market during 2024, driven by homeowners and general liability lines amid property and casualty sector pressures.

A deadly Garden Valley fire killed a teen and left his grandmother uninsured after unexpected policy cancellation, underscoring fire risk and insurance challenges.

Texas insurers are increasingly using AI-analyzed aerial imagery to evaluate home insurance risks, impacting policy renewals and risk management strategies.

Illinois Appellate Court requires State Farm to engage in appraisal for hail damage valuation dispute, despite insurer's coverage objection.

California fire victims face ongoing challenges with State Farm insurance claims as the state approves a 17% emergency homeowners rate hike amid scrutiny of insurer practices and regulatory responses.

California FAIR Plan seeks to surcharge homeowners statewide to recover $1 billion in wildfire claims from 2024 Los Angeles fires. Regulatory approval pending, with legal challenges ongoing.

TransUnion reports a 10% rise in auto insurance shopping in Q1 2025 led by higher-risk consumers, alongside significant demographic shifts in homeownership and increased natural disasters impacting property insurance costs.