INSURASALES

Tag: Homeowners Insurance

Brevard County Flooding Exposes Homeowners' Flood Insurance Gaps

Brevard County Flooding Exposes Homeowners' Flood Insurance Gaps

Brevard County flood damage reveals common gaps in homeowners' flood insurance coverage, prompting local assistance programs and highlighting insurance industry challenges.

$1 billion in AutoInsurance Refunds as Market Reforms Take Effect

$1 billion in AutoInsurance Refunds as Market Reforms Take Effect

Florida's insurance market sees significant improvements with declining auto and homeowners rates, reduced litigation, increased insurer participation, and regulatory reforms enhancing consumer benefits.

Idaho Insurance Department Reports Stable 2024 Homeowners Market Despite Rising Wildfire Losses

Idaho Insurance Department Reports Stable 2024 Homeowners Market Despite Rising Wildfire Losses

Idaho's Department of Insurance finds wildfire losses rising but homeowners premiums stabilize in 2024 due to prior insurer adjustments and mitigation efforts. Analysis covers non-renewals, premiums, and market dynamics.

Illinois AG Sues State Farm Over Refusal to Share Homeowners Insurance Data

Illinois AG Sues State Farm Over Refusal to Share Homeowners Insurance Data

Illinois Attorney General sues State Farm for withholding homeowners insurance data from state regulators, emphasizing issues of transparency and compliance in insurance market oversight.

Congress GOP Members Urge FHFA to Reconsider Homeowners Insurance Rules

Congress members led by Rep. McDowell ask FHFA to reconsider homeowners insurance mandates limiting Actual Cash Value policies to improve affordability and flexibility in federally backed mortgages.

Illinois House Rejects Homeowners Insurance Rate Regulation Bill

Illinois House rejects bill to empower Department of Insurance to regulate homeowners insurance rates amidst rising premiums and regulatory debates.

Florida's 2023 Lawsuit Reforms Drive Insurance Market Stability

Florida's 2023 lawsuit reform package reduces litigation costs, lowers insurance premiums, and attracts new insurers, stabilizing the state's auto and homeowners insurance markets.

California's Fire Insurance Rules Face Challenges Despite Regulatory Overhaul

California's 2023 insurance reforms aimed to secure homeowners in fire-prone areas but reveal loopholes allowing rate hikes without broad coverage. FAIR plan reliance doubles amid escalating policy nonrenewals.

Illinois House Rejects Bill to Regulate Homeowners Insurance Rates

Illinois lawmakers reject a bill granting the Department of Insurance authority to regulate homeowners insurance rates amid industry concerns and State Farm's significant rate increases.

Security First Insurance Boosts Florida Operations with Guidewire Cloud Platform

Security First Insurance upgrades Florida homeowners insurance operations using Guidewire's InsuranceNow cloud platform to enhance service agility and operational efficiency in a complex risk environment.