AAA has announced that it’s scaling back some of its homeowner’s insurance coverage in Florida, with the decision aligning with several other major insurance providers amid a rise in natural disasters.“Unfortunately, Florida’s insurance market has become challenging in recent years,” the company said...
Photo: istock.comSecuring insurance is an important part of buying a home. Home insurance provides financial protection to homeowners in the event of a covered loss, such as a house fire or an injury to a guest. Mortgage companies typically require homeowners with...
The volatile commercial property insurance market began 2023 in turbulence, with economic uncertainty, rising replacement costs, supply chain delays and prominent weather catastrophes in 2022 elevating rates. Industries across the board, including hospitality, are likely to pay more for property...
Too much riskFarmers Insurance is leaving Florida in latest blow to homeowners | July 11Florida’s property insurance crisis is not just about political posturing, inadequate reserve funds, inappropriate compensation or the flow of money to related out-of-state companies, though these are all factors.Ultimately,...
