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Home insurance costs — already soaring — are likely to keep climbing. Here’s why.

Insurance companies are jacking up their premiums on homeowners to account for their rising losses from storms like Hurricane Beryl. Although that will take a financial toll on millions of Americans, it could mean big profits for property and casualty insurers like Allstate and...

Oka, The Carbon Insurance Company™ and Socotra Announce Strategic Partnership

PARK CITY, Utah and SAN FRANCISCO, July 11, 2024 /PRNewswire/ -- Oka, The Carbon Insurance Company™ (Oka), and Socotra, the leading modern policy administration system, have unveiled a strategic partnership aimed at carbon markets and scaling climate solutions. The collaboration harnesses Oka's agile team and...

FEMA Can Help With Vehicle Loss

OKLAHOMA CITY – Oklahomans who lost their underinsured vehicles because of the April and May storms and tornadoes may be able to repair or replace them with FEMA’s help. Unlike most other forms of disaster assistance, you don’t need to live in the declared counties to...

10 U.S. states where pricey home insurance is driving relocations

It also doesn't help consumers in the market to buy a home that home prices have doubled over the last decade, according to Insurify and the Case-Shiller U.S. National Home Price Index. This happened alongside...

Chubb Shakes Up North American Insurance Leadership

Chubb today said it has made several executive leadership changes in its North American general insurance business, with John Lupica becoming executive chairman. Lupica was vice chairman of Chubb Group and president of North American insurance....