7% of U.S. Homeowners Lack Property Insurance Due to Cost Barriers
Federal Reserve data shows 7% of U.S. homeowners are uninsured due to high property insurance costs, highlighting market and regulatory challenges.
Evolving Property Insurance Strategies Amid Increasing Catastrophic Risks
The U.S. property insurance market is adapting to rising catastrophic losses with refined underwriting, reliance on the E&S market, and enhanced risk mitigation strategies.
Evolving Property Risks and Medication Management Propel Insurance Industry Adaptation
Explore how increasing catastrophic events and complex medication risks among elderly patients are reshaping property and health insurance strategies, with insights from Nationwide and Humana.
Slide Insurance CEO Pay Surpasses Peers Amid Florida Market Growth
Slide Insurance's CEO Bruce Lucas received over $21 million in 2024, exceeding typical pay in Florida's public insurers during its IPO filing. This highlights compensation trends amid Florida's property insurance growth and regulatory environment.
Tornado Uncovers Insurance Coverage Gaps in Small Kansas Town
An EF-2 tornado in Plevna, Kansas, highlights significant insurance coverage gaps among homeowners and city buildings, posing challenges for disaster recovery and risk management in rural areas.
State Farm Reports 8,800+ Claims from Severe May Tornadoes, Raises CA Premiums
State Farm and American Family Insurance face thousands of claims from May tornadoes across Midwest states. State Farm authorized a 17% California homeowner premium increase amid rising claims from severe weather.
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.
Florida Court Upholds Insurer's Right to Enforce Managed Repair Clauses
Florida appellate court ruling reinforces insurers' rights to enforce managed repair provisions in homeowners insurance policies, setting a key legal precedent.
Colorado Senate Blocks Wildfire Reinsurance Program Amid Insurance Cost Concerns
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 Sues Adjuster Over Hurricane Ian Claims Dispute
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.