US Homebuyers Expecting $10,000 Savings Face Tough Reality March 25, 2024 By Patrick Clark and Prashant Gopal Consumers expecting big savings from a National Association of Realtors’ class-action settlement over agent commissions may instead be in for...
Minnesota Homeowners Insurance Complaints Rise on Denied Claims, Out-of-Pocket Costs March 25, 2024 Minnesota homeowners insurance complaints rose 108% from 2020 to 2023 on complaints from homeowners concerned their claims were denied or...
Weathering the Storm: The Impact of Climate-Driven Risk Reassessments on the Housing Market March 25, 2024 By Travis Hodges One of the most pressing challenges facing insurance professionals today is the escalating impact of extreme weather events in traditionally...
650,000 Residential Properties Hit by Severe Hail in Central US Storms March 20, 2024 By Ezra Amacher A severe convective storm system spawned softball-sized hail and destructive tornadoes across the central U.S. last week, leaving meteorologists to...
California Insurer of Last Resort Is Unprepared for Big Disaster March 19, 2024 California’s property insurer of last resort told lawmakers that it’s financially unprepared to cover the costs of a major catastrophe...
Winning Over the Policyholder: How Claims Can Help Improve Carriers’ Relationships with Insureds March 15, 2024 By Larry Millburn Many years ago, as the holiday season wrapped our home in a festive embrace, a tranquil evening turned into a...
Louisiana Commissioner Temple Seeks $20M for Fortify Homes Program March 11, 2024 By Ezra Amacher Louisiana Insurance Commissioner Tim Temple expects lawmakers to allocate at least $20 million to the Lousiana Fortify Homes Program during...
Huge Texas Blaze Shows Power-Line Fires Are a Widespread Threat March 8, 2024 By Mark Chediak, Will Wade and David R. Baker Massive wildfires sparked by power lines used to be a California problem, one many utility executives considered safely confined to...
From Idalia to Otis: The Hurricanes That Shaped 2023 and What’s Next March 8, 2024 By Julie Serakos We recently brought together thought leaders from across Moody’s to talk with the media at our 2023 Hurricane Season Recap...
Washington Commissioner Wants Insurers to Modify Claims Process for Wildfire Victims March 7, 2024 Washington Insurance Commissioner Mike Kreidler on Wednesday sent a letter to insurers urging them to consider loosening personal property claim...