Garden Valley Fatal Fire Highlights Insurance Challenges and Fire Risks
A deadly Garden Valley fire killed a teen and left his grandmother uninsured after unexpected policy cancellation, underscoring fire risk and insurance challenges.
Texas Insurers Expand AI-Driven Aerial Surveillance for Home Insurance Risk Assessment
Texas insurers are increasingly using AI-analyzed aerial imagery to evaluate home insurance risks, impacting policy renewals and risk management strategies.
Illinois Appellate Court Enforces Appraisal Clause in State Farm Hail Damage Dispute
Illinois Appellate Court requires State Farm to engage in appraisal for hail damage valuation dispute, despite insurer's coverage objection.
California Fire Victims Face Insurance Challenges Amid State Farm Rate Hike
California fire victims face ongoing challenges with State Farm insurance claims as the state approves a 17% emergency homeowners rate hike amid scrutiny of insurer practices and regulatory responses.
California Fair Plan Surcharges Homeowners to Offset $1 Billion Fire Losses
California FAIR Plan seeks to surcharge homeowners statewide to recover $1 billion in wildfire claims from 2024 Los Angeles fires. Regulatory approval pending, with legal challenges ongoing.
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.