Homeowners insurance

Californians have paid relatively less for coverage than homeowners in the storm-stricken Midwest and Southeast regions, according to Intercontinental Exchange.

Verisk and Moody's are the first two modeling companies to submit their models to the California Department of Insurance. A Verisk executive explained the functioning of their model and what insurers' options are.

A trio of blazes in SoCal have destroyed over 2,000 homes and structures in neighborhoods with average property values well above the national average.

The wildfires add pressure to California's home insurance market, which has faced a growing crisis in recent years.

The most destructive wind storm to strike the Los Angeles area in 14 years is fanning wildfires.

Fifteen percent of residences had three or more structures, which can go undetected by insurers even when they identify a secondary structure.

While insurers can't rebuild the grid, they are uniquely positioned to play an important role in mitigating these risks.

Data from the Environment Agency on Tuesday showed 6.3 million homes and businesses are in danger of damage from overflowing rivers, sea or drains.

California adopted a rule that aims to bolster access to home insurance in the state, after several major carriers retreated from the market amid growing risk of wildfires.

In California, wildfire readiness is quickly becoming a financial necessity.

Aviva Plc and Allianz SE are among potential bidders for Britain's home and motor insurance firm Esure Group Plc, according to people familiar with the matter.

Insurance providers could use digital-based strategies like home management platforms and homeowner AI tools to reduce claims and increase customer satisfaction.

Losses related to natural disasters and other perils rose for the seventh year, and that costs both insurers and consumers more money, LexisNexis said.

As this year's natural disasters bring heightened attention to the cost and availability of homeowners insurance, servicers often find themselves caught in the middle when customers see premium hikes.

The 13 largest homeowners insurance underwriters denied almost half of their climate-related claims last year, adding to property owner and mortgage servicer woes.

Despite shopping rates reaching a record high, clear communication strategies can mitigate carrier switches, according to the 2024 Home Insurance Study.

Now weakened to a tropical depression, Francine will continue to travel inland in the southeastern U.S.

Tips for agents as they help consumers navigate the current landscape.

The rate hike, which will take effect from November, will impact about 350,000 policyholders across California.

Understanding the connection between PUIDs, geocoding and address verification is crucial for property and casualty insurance carriers