Tag: Homeowners Insurance

Louisiana Eyes Mandatory Insurance Discounts for Fortified Roofs to Tackle Premium Crisis

Louisiana Eyes Mandatory Insurance Discounts for Fortified Roofs to Tackle Premium Crisis

Louisiana plans to implement mandatory insurance premium discounts for homeowners with fortified roofs as part of efforts to address the state’s ongoing property insurance crisis and high premiums.

Florida Home Insurance Premiums Stabilize with Minimal September Increase

Florida home insurance premiums stabilized from August to September 2024, with minimal increases influenced by quieter storm seasons and lower reinsurance costs, signaling potential moderation in future rates.

AM Best Revises U.S. Homeowners Insurance Outlook to Stable Amid Market Improvements

AM Best updates U.S. homeowners insurance outlook to stable, citing improved premium growth moderation and enhanced catastrophe risk management amid better reinsurance market conditions.

Nationwide Partners with AI Platform Chrp to Modernize Home Inspections

Nationwide teams with AI platform Chrp to offer smartphone-based home inspections, improving risk detection and claims prevention for homeowners nationwide.

Nationwide Launches AI-Powered Virtual Home Inspection to Mitigate Risk

Nationwide partners with Chrp to offer AI-driven virtual home inspections, enhancing risk detection and loss prevention in homeowners insurance nationwide.

Homeowners Insurance Coverage Lawsuits Climb to Historic Highs Since 2022

Homeowners insurance coverage lawsuits unrelated to hurricanes have surged in U.S. district courts since 2022, challenging property/casualty insurers with new legal risks.

New York Homeowners Face Rising Insurance Premiums Amid Multifaceted Cost Pressures

Rising homeowners insurance costs in New York driven by inflation, climate risk, litigation, and regulatory challenges are prompting calls for legislative reforms and risk management innovations.

SageSure Gains Lloyd’s Coverholder Status to Expand Catastrophe Homeowners Insurance

SageSure approved as Lloyd’s Coverholder and Delegated Claims Administrator, expanding homeowners catastrophe insurance capabilities with Trium Syndicate 1322.

Bolt Launches VTRO Homeowners Insurance to Address California's Coverage Gap

Bolt unveils VTRO, a new homeowners insurance product with smart water sensor technology, designed to close California's insurance coverage gap and reduce preventable losses.

California Court Clarifies "Occurrence" Definition in Homeowners Insurance Intentional Acts Case

California appellate court ruling clarifies "occurrence" in homeowners insurance for intentional acts excluding coverage despite concurrent negligence findings in assault case.