Rocket Sues HUD to Dismiss Home Appraisal Bias Allegations December 6, 2024 By Nicola M. White Rocket Mortgage is pushing back against U.S. accusations that it’s at fault for lowball appraisals by outside firms that allegedly...
Insurer Says Pollution Exclusion Sinks Coverage for Pool Chemical Injuries December 2, 2024 A commercial general liability policy with a pollution exclusion does not protect a Virginia homeowners association from lawsuits filed by...
US High Court Declines Appeal, Upholds Coverage Ruling on Treated Wood November 20, 2024 By William Rabb Insurance carriers may want to examine policy language – and what information they request from insureds – after the U.S....
Shopping for Homeowners and Auto Insurance Rose in 3Q, Report Shows November 19, 2024 Auto and property insurance shopping rose markedly in the third quarter of 2024, pushing carrier switches up 38% compared with...
Swiss Re: Mitigating Flood Risk 10x More Cost Effective Than Rebuilding November 18, 2024 Flood damage-related economic losses totaled USD $51.6 billion in 2023, but research shows protective measures can substantially reduce losses, according...
Analysis of Hurricanes Helene and Milton Provide Insights on Public and Private Flood Market November 14, 2024 Flooding is a peril that took center stage this year amid an active Atlantic Hurricane season, a fact that’s highlighted...
Progressive to End Offering Dwelling Fire Insurance November 13, 2024 By Chad Hemenway Progressive said it will stop offering dwelling fire insurance, with nonrenewal notices going out as early as Nov. 19. The...
Hawaiian Electric Removes Going Concern Doubts After Q3 Loss and Wildfire Settlement November 12, 2024 By Tanay Dhumal Hawaiian Electric reported a third-quarter loss after the utility removed a warning about its ability to remain in business, saying...
Survey Shows Most US Households Lack Full Insurance on Valuables November 5, 2024 One-in-three American homeowners lack home or contents insurance coverage, a new survey shows. The survey included more than 3,000 Australians,...
KBRA Says Florida Insurers Will Weather Helene and Milton; Cat Fund Can Handle Payouts November 4, 2024 By William Rabb Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’...