Insurance companies will be required to increase coverage in high-risk areas, but also allowed to factor in reinsurance costs in rates.
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THE HOUSE AND SENATE: There were no roll calls in the House or Senate last week.The 2024 legislative session ends on Jan. 1. There was a flurry of activity on Beacon Hill last week as sponsors of dozens of bills attempted to get...
As insurance premiums surge for North Side property owners, significant rent increases for tenants are anticipated for spring 2025.
By Don DeBat
28-Dec-24 – Chicago’s North Side bungalow and “Ma-and-pa” apartment owners complain they are overwhelmed with a tsunami of rising insurance costs that...
In a pioneering move to address the environmental impact of disaster-related waste, Co-operators insurance has launched a pilot project to recycle materials from home insurance claims in Calgary, Alberta, and London, Ontario.Traditionally, a staggering 98% of waste generated from insurance claims ends up...
Florida’s Citizens Property Insurance Corp. saw a significant decrease in its policy count last week, dropping to 935,948 policies from 982,892 the week prior.According to newly posted data on Citizens ' website, the decline stems from private insurers assuming policies as part of...
