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From underinsurance to inflation, these are some of the major challenges facing P&C insurers today and into the future.
Lighthouse told agents in February that it would stop writing new business in Florida, where it has around 27,000 policies.
Recently, many private insurers in the state have sought large rate increases and have dropped customers.
As legislators fail, insolvencies mount, capacity grows tighter, and agents' jobs get increasingly tougher in the Sunshine State.
The liquidation of St. Johns Insurance will not only affect the Florida policyholders, but also in South Carolina.
Many think the class action suit's timing is distasteful as rescue teams continue to search for survivors of the Surfside building collapse.
Emerging industries, rapid lifestyle changes and unpredictable weather have all contributed to hardening market conditions.
Homeowners are confused about their flood insurance options, their actual flood risk, and the cost of coverage.
News from Sapiens, CORE Group, Odie Pet Insurance and more.
Current FEMA flood maps only reflect historic conditions, not future flooding, misleading insurance brokers and insureds about actual risks.