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The average cost of insuring a U.S. home last year was $1,905 — 50% higher than 2019.
State Farm currently holds around 8.7% of all home insurance policies in California.
The climate strategy was developed under the coordination of the NAIC's Climate and Resiliency Task Force.
Scott Ewing of AXA XL Risk Consulting discusses modern loss prevention measures for commercial properties.
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.
The 2018 incident caused several pelvic fractures and premature birth of the infant. The lawsuit alleges defective design, negligence and consumer fraud.
Insurance experts analyze who was involved from a coverage and liability perspective.
The latest insurance industry personnel news from Safety National, Novidea, USQRisk and more.
Declining premium revenues, lower rates, underwriting volatility and litigation led to this hardening, Fitch Ratings says.
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