Senate Committee Probes Major Insurers on Disaster Claim Payout Reductions
Senate hearing examines allegations of major insurers cutting disaster-related claim payouts amid rising homeowner complaints and regulatory scrutiny.
Senate hearing examines allegations of major insurers cutting disaster-related claim payouts amid rising homeowner complaints and regulatory scrutiny.
Florida appellate court ruling reinforces insurers' rights to enforce managed repair provisions in homeowners insurance policies, setting a key legal precedent.
Colorado lawmakers rejected a bill to create a wildfire reinsurance program intended to stabilize the property insurance market amid rising wildfire risks and insurance costs. The proposal failed due to concerns over new fees on homeowners.
Heritage Property & Casualty Insurance Co. filed a libel suit against an independent adjuster over allegations of inflated Hurricane Ian damage claims, highlighting disputes over insurance claims handling and regulatory risks in Florida.
AM Best reports rising catastrophe losses in US property insurance, urging enhanced stress testing and risk management amid growing secondary weather perils.
In 2025, California homeowners filed lawsuits accusing insurers of conspiring to restrict fire insurance coverage in wildfire-prone areas, pushing homeowners toward the FAIR Plan with higher premiums and fewer benefits.
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.
BHSI appoints Jeff Murdock as new Head of U.S. Property Claims, ensuring continued excellence in claims management for commercial property insurance.
California homeowners sue major insurers alleging collusion to deny coverage in fire-prone areas, forcing reliance on the California FAIR Plan with higher premiums and lower coverage.
Texas faces a 22% rise in home insurance premiums in 2024, driving legislative efforts to balance insurance regulation and housing affordability through oversight and market-based solutions.