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Fraud & litigation push Florida home premiums to national high

“Floridians are seeing homeowners insurance become costlier and scarcer because for years the state has been the home of too much litigation and too many fraudulent roof replacement schemes,” Sean Kevelighan, Triple-I CEO said. “These two factors contributed enormously to the net...

Extreme Fraud and Litigation Causing Florida’s Homeowners Insurance Market’s Demise

ST. JOHNS, Fla., June 23, 2022 /PRNewswire/ -- With its overabundance of unneeded new roofs on homes, and flashy lawyer billboards at every turn claiming massive settlements on claims, Florida's insurance market is on the verge of failure. Even more, this manmade catastrophe...

Home insurer Openly secures $75m funding round

Homeowners insurance provider Openly, has closed a $75m Series C investment as part of its mission to empower independent insurance agents, according to the company. Backers include a mix of current and new investors, such as Advance Venture Partners, Clocktower Ventures, Obvious Ventures, Gradient...

Homeowners Insurance Market Size, Share, Future Growth and Opportunity Assessment 2021-2027 – InsuranceNewsNet

New Jersey, USA -- (SBWIRE) -- 06/22/2022 -- Advance Market Analytics published a new research publication on "Homeowners Insurance Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find...