INSURASALES

Tag: Homeowners Insurance

Q1 2025 Insurance Trends Show Shift to Risk-Based Pricing and Demographic Change

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.

Trident and MSIG USA Leadership Changes Highlight Insurance Market Shifts

Trident Reciprocal Exchange names Ryan Hodges CEO amid Florida homeowners market shifts; MSIG USA appoints Tony Beirne and Dale James to actuarial and risk leadership roles.

Oklahoma Homeowners Face 8% Insurance Premium Increase Amid Extreme Weather Risks

Oklahoma homeowners are experiencing an 8% rise in home insurance premiums in 2023 due to increased claims from hail, wind, wildfires, and tornadoes. Strategies to mitigate costs include home fortifications and deductible adjustments.

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.

Connecticut Homeowners Face Rising Insurance Non-Renewals Amid Cost Pressures

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 and Jewelers Mutual Partner to Offer Enhanced Jewelry Coverage in Homeowners Insurance

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 Insurers for Coordinated Denial of Fire Risk Coverage

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 Insurance Rate Hikes Challenge Housing Affordability Amid Legislative Review

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 Enters South Florida Home Insurance Market

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 Face 22% Insurance Premium Increase in 2024

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.