What Are Assessments
Assessments are charges that both Citizens and non-Citizens policyholders must pay in addition to their regular policy premiums when due to a major storm, series of less severe storms or other catastrophic events, additional funds are needed to pay policyholder claims.
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Florida homeowners are paying, on average, $6,000 a year to insure their homes, outpacing the national average of approximately $1,700 a year. But changes in Florida's property insurance market could eventually lead to lower rates. "This is a result, clearly, from the significant...
Homeowners insurance rates have risen dramatically, according to an analysis by Bankrate. The average premium in February 2024 is about $141 a month for a home with $250,000 worth of dwelling insurance. That represents a 23% increase from January 2023. Find out why...
With more data and new AI-driven options in automated communications, carriers can have two-way dialogues with policyholders, making sure they understand their benefits, highlight their value and better manage expectations. Credit: chartphoto/Adobe Stock
Rising property & casualty insurance premiums are causing many consumers...
February is Insurance Careers Month, a time often used to attract the attention of college graduates and professionals from other industries to the benefits of working in the insurance industry. While I’m all for that...
