Two more property insurers have put their toes in the Florida market this summer, bringing to 14 the number of new carriers in the state since 2023. It’s another sign that legislative discouragement of claims...
Two more property insurers have been approved to serve Florida’s beleaguered homeowner market, the state Office of Insurance Regulation announced.
The office on Friday identified the two new companies in a news release as Incline National Insurance Company, headquartered in Texas, and Florida Insurance...
Allstate’s Trust Report: A Wake-Up Call for Businesses and GovernmentsTrust. It’s a simple word that carries immense weight. Without trust, relationships—whether personal, professional, or societal—fall apart. And right now, trust seems to be in short supply.Take property insurance, for example. A recent report...
A California judge has ruled the state's bare-bones home insurance program's handling of smoke damage claims is unlawful, a decision that could have wide-ranging implications as insurers increasingly deal with the aftermath of wildfires.
What You Need To Know
Home insurance broadly covers fire damage,...
In California's most extreme wildfire zones, 1 in 5 homes has lost its insurance coverage since 2019, Forbes reported.
What's happening?
Over 150,000 households can no longer get coverage. In some ZIP codes, premiums have jumped over 40%. This is because insurance companies are fleeing...
As we head into summer storm season, lightning strikes become an increased danger. According to the National Weather Service, approximately 100,000 thunderstorms occur in the United States each year, and certain locations, like west central Florida, can experience particularly severe thunderstorms.Natural disasters like...
