Tag: property insurance

Mercury Insurance Advises on Preventing Holiday Vehicle and Gift Theft

Mercury Insurance provides expert tips on protecting vehicles and gifts from theft during the holiday season, including security measures and insurance coverage advice.

Insurance Strategies for Protecting High-Value Gifts and Collectibles

Explore effective insurance strategies for protecting high-value gifts like jewelry, luxury bags, collectibles, and electronics. Understand coverage options including homeowners endorsements and standalone specialty policies to safeguard your valuable assets.

Hawaii Property Insurance Market Faces Climate-Driven Instability and Rising Costs

Hawaii's property insurance market is destabilized by climate disasters and aging housing, with rising premiums and insurer withdrawal threatening market access and affordability. Report highlights policy strategies for financial accountability and resilience.

Florida Property Insurance Market Shows Stability Post-Tort Reforms

ALIRT's 2025 review reveals a stabilized Florida property insurance market post-tort reforms, marked by new insurer entries, improved financial health, and ongoing regulatory challenges.

Florida Developers Navigate Lender Insurance Demands Amid Volatile Market

Florida developers and lenders are adapting to stringent insurance requirements driven by frequent severe weather, with growing emphasis on replacement cost policies and private lending flexibility amid a volatile market.

Florida's Citizens Insurance Proposes First Rate Cut in a Decade

Florida's Citizens Property Insurance proposes its first rate decrease in 10 years, cutting premiums by 2.6% on average for noncommercial property insurance statewide, signaling market progress.

North Carolina Roofing Company Employee Arrested in $30K Insurance Fraud Sting

A North Carolina roofing company employee was arrested in a state-led sting operation for orchestrating a $30,000 fraudulent storm damage insurance claim, underscoring ongoing efforts to combat insurance fraud in property claims.

2025 Florida Property Insurance Market Sees Strong Recovery Post-Reforms

ALIRT's 2025 report highlights Florida's domestic property insurance market recovery, driven by legislative reforms boosting insurer solvency, underwriting, and market stability amid ongoing risks.

NC Insurance Department and Farm Bureau Uncover Roofing Insurance Fraud Sting

North Carolina Insurance Commissioner announces arrest in a roofing insurance fraud sting involving false claims and intentional property damage, highlighting insurer and regulator collaboration to combat fraud.

Insurers Face Challenges in Verifying Smart Water Shutoff Valve Effectiveness

Explore challenges in insurer verification of smart water shutoff valves used for premium discounts, the risk of offline devices, and solutions for improved monitoring in property insurance.