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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.

After reviewing complaints where aerial images were relied upon to support nonrenewal, the Department found many of the images did not definitively show material roof damage.

In 2023, global insured catastrophe losses exceed $100B for the fourth consecutive year, according to Swiss Re Institute.

Most policyholders blame inflation and home prices for recent premium increases.

More than 30% of homeowners with internet say they would switch insurers to get smart home devices for safety and security.

Some insurers incentivize policyholders with discounts to use water monitoring devices, decreasing losses from water damage claims.