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.

Ondo InsurTech Secures Westfield Contract to Deploy LeakBot Devices in US

Ondo InsurTech's U.S. subsidiary LeakBot USA secures contract with Westfield Insurance to deploy 10,000 LeakBot water damage prevention devices across Indiana, Ohio, and Pennsylvania, enhancing homeowners insurance risk management.

Porch Group Advances Homeowners Insurance Via Tech And Data Strategy

Porch Group, Inc. is enhancing homeowners insurance by integrating vertical software, proprietary data, and homebuyer services, engaging investors to support its tech-driven growth strategy.

Florida Lawmakers Propose Multi-State Risk Pool to Address Home Insurance Crisis

Florida lawmakers introduce bills for a multi-state risk pool to stabilize home insurance rates and improve catastrophe risk management amid rising natural disaster losses.

Allstate Q3 2025: Strong Growth, Improved Underwriting, and Technology-Driven Expansion

Allstate reports Q3 2025 results with revenue growth, improved underwriting margins, and AI-driven tech expansion. Property-Liability and Protection Plans lead earnings improvement.

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.