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Whether a property is vacant or simply unoccupied makes a difference when coverage is involved.
Insurers across all lines wrote $960,802,932,489 in direct premiums in 2023, according to NAIC market share report.
This news comes on the heels of State Farm pulling back further from the California market.
Around 7% of all homeowners in the U.S. are uninsured, according to the Consumer Federation.
Next-generation wildfire data and risk models allow insurers to pinpoint localized wildfire risk and identify mitigation strategies to lower the propensity for loss.
John Oxendine admitted to his role in a health care kickback scheme that netted him hundreds of thousands of dollars.
In total, the company will not be renewing some 72,000 commercial and personal property policies in the state.
Michael Tipsord is retiring after 36 years with the company. He will continue serving as chairman of the company's board.
The 'policy' covers 57 ketchup-related perils, which nearly half of consumers report facing.
Hailstorms cause an average of more $1 billion in property damage annually. But hail claims have skyrocketed in recent years.
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