INSURASALES

Tag: Property Insurance

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.

California Homeowners Sue Insurers for Coordinated Denial of Fire Risk Coverage

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 Insurance Rate Hikes Challenge Housing Affordability Amid Legislative Review

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.

California Lawsuit Challenges Insurer Cost-Shifting Under FAIR Plan Surcharges

Consumer Watchdog sues California Insurance Commissioner over FAIR Plan surcharges, challenging insurer cost-shifting practices and regulatory compliance under wildfire assessments.

Understanding HOA and Individual Condo Insurance Coverage in Washington State

Explore the structure and interplay of HOA and individual condo insurance policies in Washington State, including coverage categories, rate trends, and claim considerations for property owners.

Florida Welcomes New Home Insurer Patriot Select Amid Market Reforms

Florida's homeowner insurance market grows as Patriot Select enters, increasing competition and offering potentially lower premiums ahead of hurricane season, following recent regulatory reforms.

Consumer Watchdog Challenges California Insurance Surcharges

Consumer Watchdog sues to prevent California insurance surcharges that could cost homeowners millions, challenging the fairness of the FAIR Plan's practices.