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Eight property and casualty insurers have recently been approved to enter the Florida market.
AI risk assessments may offer more advantages because they give insureds the tools and information necessary to monitor and improve their properties.
There is a 62% chance that a major hurricane will make landfall along the U.S. coastline.
Much like flooding, earthquakes are not typically covered by a standard home insurance policy.
Insurance industry news from Arch Insurance, NFP, PCF Insurance Services and more featured in weekly update.
Insurers across all lines wrote $960,802,932,489 in direct premiums in 2023, according to NAIC market share report.
Fortifying the property and understanding the nuances of homeowners insurance coverage mitigates losses for insureds and insurers.
Most auto and homeowners insurers are using AI tools in their marketing efforts to reach new policyholders.
The effects of climate change are putting some states that have historically had lower premiums in the line of fire for more frequent and severe weather events.
Many insureds want to install photovoltaic panels, but experts report inconsistencies in equipment valuations.
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