As Rates Rise, Majority of Homeowners Say Insurance Industry Is in Crisis, Survey Shows June 28, 2024 By Jahna Jacobson Homeowners are cutting back on dining out, travel, groceries and even medication to afford their soaring property insurance premiums. One...
US Home Insurance Premiums May Hit a Record This Year, Report Warns April 1, 2024 By Coco Liu US home insurance rates are expected to reach a record high this year, with the biggest increases occurring in states...
25 Straight Quarters of Premium Increases for Commercial Lines, Survey Shows March 4, 2024 By Chad Hemenway Overall commercial property/casualty premiums increased slightly for all account sizes to 7% on average in the fourth quarter 2024, continuing...
P&I Clubs Raise Renewal Prices to Keep Up With Claims Inflation: AM Best February 22, 2024 By L.S. Howard Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with...
Red Sea War Insurance Rises With More Ships in Firing Line January 17, 2024 By Jonathan Saul War risk insurance premiums for shipments through the Red Sea are rising after further attacks on merchant vessels by Yemen’s...
Marine Insurers Widen High-Risk Area as Ukraine Conflict Escalates March 8, 2022 By Jonathan Saul LONDON –– London’s marine insurance market has widened the area of waters around the Black Sea and Sea of Azov...
Citizens Insurance Property Inspections to Soar in Next 4 Years October 20, 2021 By William Rabb As part of its effort to reduce its ballooning exposure level and trim the number of policyholders, Florida’s insurer of...
Analysis: Louisiana Braces For Flood Insurance Sticker Shock October 4, 2021 By Melinda Deslatte BATON ROUGE, La. (AP) — Hundreds of thousands of Louisiana homeowners, many of them still digging out of Hurricane Ida’s...
Global Insurance Recovery Will Be Faster, Stronger Than in 2008–Swiss Re July 27, 2021 By Alwyn Scott NEW YORK — The global insurance industry is poised to recover more quickly and forcefully from the pandemic than it...
Colorado Bill Prohibits Insurer Use of ‘Discriminatory’ Data May 6, 2021 By Patty Nieberg DENVER (AP) — Colorado lawmakers are considering a bill that would prohibit insurance companies from using consumer information collected from...