Homeowners insurance

In other news: A Nationwide survey shows customers are reducing their homeowner's insurance coverage.

Driven by weather catastrophes and higher building costs, new research showed.

Since 2020, the number of properties it insures has tripled to almost 1.4 million. Citizens estimates it may add another 300,000 by the end of the year

There were more than 40 funding events in the insurtech sector in July, according to a review by Digital Insurance.

CSAA used AI-powered aerial image analysis in a decision to not renew a homeowner's insurance policy in Northern California.

Yellen, who also chairs the Financial Stability Oversight Council, said that a spate of extreme weather events is causing insurers to raise rates on homeowners.

Farmers Insurance's latest effort to reduce risk by not renewing Georgia homeowner policies was flagged as illegal by Georgia's Insurance Commissioner and forced to be retracted.

Major firms cite costly devastating hurricanes and widespread litigation against the industry as reasons to sunset policies for an unspecified number of property owners.

Consumers preferred to share data using smart devices in the home: 45% said they are happy to share information via Amazon Alexa, Google Home and the like. A little over a third of consumers (36%) said they were willing to share data through wearables or fitness health tests.

Highlights including VYRD Insurance on smart home water damage detection, Principal Financial Group on claims processing and Travelers' work with ServiceNow.

AIG's decision comes on the heels of both State Farm and Allstate Insurance Co. announcing plans in recent weeks to stop writing new policies in fire-prone California.

The company pointed to growing "catastrophe exposure" and substantial increases in construction costs for its decision.

Insurer adds capability to embed with partners and support agents with data

Property insurer improves underwriting with analytical intelligence

The average annual property insurance payment in the state is $4,231, nearly triple the national rate of $1,544, according to the Insurance Information Institute, an industry association.

Digital Insurance interviewed Angel Conlin, chief insurance officer at Kin, to discuss the company's solutions and involvement in areas prone to extreme weather.

Cameras and theft alarm systems are often the more attractive option for homeowners but they're neglecting some of the most common and costly risks.

Mortgage lender's brokerage spinoff launches with more than 50 carriers.

Climate impacts are also making it more expensive to insure homes against these threats.

Digital Insurance spoke with Bill Martin about how technology fits into overall growth strategies and what's ahead for the industry.