INSURASALES

Tag: Property Insurance

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.

AM Best Urges Stress Testing Amid Rising US Property Catastrophe Losses

AM Best reports rising catastrophe losses in US property insurance, urging enhanced stress testing and risk management amid growing secondary weather perils.

Lawsuits Accuse Insurers of Conspiring to Limit Fire Insurance in California

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 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.

BHSI Names Jeff Murdock as Head of U.S. Property Claims

BHSI appoints Jeff Murdock as new Head of U.S. Property Claims, ensuring continued excellence in claims management for commercial property insurance.