Farmers Insurance Lifts Policy Caps, Expands California Homeowners Coverage
Farmers Insurance removes policy caps in California, expands homeowners coverage while seeking 6.99% rate hike under Sustainable Insurance Strategy to stabilize market.
J.D. Power Study Highlights Gaps in Digital Claims Experience for U.S. Auto and Home Insurers
A J.D. Power study reveals that U.S. auto and home insurers face challenges in delivering adequate digital updates during the claims process, impacting customer satisfaction and retention.
AI Model Z-WATER™ Approved for Non-Weather Water Risk in Homeowners Insurance
ZestyAI's AI-driven Z-WATER™ model gains regulatory approval in five states, enabling insurers to better manage and price non-weather water risks, the fourth-costliest peril in homeowners insurance.
Louisiana Property Insurance Struggles Persist Despite 2024 Reforms
Louisiana's property insurance market faces ongoing challenges despite 2024 reforms, with high premiums and heavy reliance on the insurer of last resort narrowing private market options.
AM Best Updates Outlook for U.S. Homeowners Insurance to Stable
AM Best revises U.S. homeowners insurance outlook to stable, citing moderating premium growth, improved catastrophe risk management, and better reinsurance conditions for 2025.
Florida Homeowners Insurance Market Shows Operational Gains Amid Premium Concerns
Survey reveals Florida homeowners insurance market stabilization with faster claims but ongoing premium affordability issues post-Hurricane Ian.
Eighth Circuit Upholds Insurers' Residence Requirement for Homeowners Coverage
The Eighth Circuit affirms insurers' strict residency requirements in homeowners insurance claims, impacting coverage conditions and claims litigation.
Louisiana Insurance Pop-Up Brings Policy Support Directly to Consumers
The Louisiana Department of Insurance launches Insurance Pop-Up events to offer in-person policy support, improve consumer understanding, and navigate market challenges in homeowners and auto insurance.
New Class Action Links Climate Deception to Rising U.S. Homeowners Insurance Premiums
A new U.S. class action lawsuit alleges fossil fuel companies' climate deception has driven higher homeowners insurance premiums, introducing novel legal claims under RICO with potential market-wide impacts.
AM Best Downgrades U.S. Homeowners' Insurance Market Outlook
AM Best turns negative on U.S. homeowners insurance market outlook due to moderating premium growth and natural catastrophe losses impacting underwriting performance.