J.D. Power Reports Decline in U.S. Homeowners Insurance Claims Satisfaction in 2025
J.D. Power's 2025 study reveals declining satisfaction in homeowners insurance claims due to rising catastrophes, premium hikes, and extended claim payouts.
J.D. Power's 2025 study reveals declining satisfaction in homeowners insurance claims due to rising catastrophes, premium hikes, and extended claim payouts.
Connecticut homeowners saw a 45% rise in insurance policy non-renewals in 2023 amid rising repair costs and tariff-related inflation, reflecting national insurance market challenges.
Orion180 teams up with Jewelers Mutual to integrate specialized high-value jewelry coverage into homeowners insurance, enhancing policy customization and protection options.
California homeowners sue major insurers alleging collusion to deny coverage in fire-prone areas, forcing reliance on the California FAIR Plan with higher premiums and lower coverage.
Texas faces a 22% rise in home insurance premiums in 2024, driving legislative efforts to balance insurance regulation and housing affordability through oversight and market-based solutions.
Patriot Select, a new home insurer based in St. Petersburg, begins operations in South Florida, expanding options beyond the state's insurer of last resort.
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.
Class action lawsuits in California target major insurers over alleged conspiracy limiting homeowners coverage, spotlighting FAIR Plan reliance and regulatory responses.
Farmers Insurance cancels 200 home policies in Oregon due to rising wildfire risks, causing premium hikes and coverage challenges amid a volatile insurance market.
California pushes new bills to improve wildfire insurance affordability and availability, focusing on home hardening grants, risk-based pricing, and claims reforms.