Personal Lines

The elimination of one-way fee shifting will impact many first-party claims brought by homeowners that involve amounts less than $50,000.

Among policyholders that filed a claim in the past five years, 40% had an event where the policy did not respond as they had expected.

Impacted vehicle owners are facing higher premiums and longer repair times.

Risk factors for the insurance industry are constantly changing and the PC360 team will be monitoring these issues throughout 2023.

While home insurance typically excludes damage from floods and mudslides, Californians might be covered if wildfires were an 'efficient proximate cause.'

Looking at demographic data, baby boomers and Gen Xers accounted for the most moves in 2022.