INSURASALES

Tag: property insurance

Earthquake Insurance Coverage Gaps Leave Millions in 42 States at Risk

Millions across 42 U.S. states face financial exposure to earthquake damage due to low earthquake insurance uptake. Standard policies often exclude quake damage, requiring specialized coverage.

Progressive Raises Earnings Estimates Amid AI Energy Infrastructure Investment Trends

The Progressive Corporation's earnings outlook improves with rising investment income and lower expense ratios, set against a backdrop of increasing AI-driven energy infrastructure demand shaping U.S. insurance market trends.

Hiscox and Bellwether Introduce AI-Powered Wildfire Risk Model for California Insurance

Hiscox partners with Bellwether to deploy an AI-driven wildfire risk model enhancing risk assessment and pricing in California's property insurance market.

Florida Approves Major Policy Transfers from Citizens to Private Insurers

Florida regulators approve Southern Oak and American Integrity to assume over 51,000 policies from Citizens Property Insurance, advancing the state's insurance market depopulation strategy and signaling market stabilization.

Florida Property Insurance Sees Rising Premiums Despite Stable Policy Counts

Florida's property insurance market shows rising premiums driven by construction and reinsurance costs despite stable policy counts following litigation reform legislation.

U.S. Faces Billion-Dollar Risks as 2024 Hurricane Season Forecasts Elevated Home Damage

The 2024 hurricane season threatens billions in U.S. property damage, exposing insurance gaps and financial risks in coastal markets. Insight on risk, insurance coverage, and federal preparedness.

Slide Insurance CEO Compensation and Premium Increases Spotlight Florida Insurance Market Reforms

Slide Insurance's IPO prospectus reveals $50 million executive payouts and premium hikes amid Florida insurance reforms impacting Citizens policy takeouts and market competition.

Louisiana Insurance Reform Targets High Premiums Through Legal Changes

Louisiana tackles high insurance premiums with legislative legal reforms aimed at reducing claim abuses and balancing insurer protections.

Eighth Circuit Rules Insurers Not Required to Replace Entire Roof for Shingle Matching

Eighth Circuit decision in Noonan v. American Family Mutual Insurance clarifies insurer obligations on roof replacement and shingle matching under specific policy endorsements.

AM Best Hosts Briefing on 2025 Florida Property Insurance Market

AM Best to present a 2025 briefing on Florida's property insurance market amid active hurricane season forecasts. Industry experts to discuss market dynamics and regulatory factors.