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Declining premium revenues, lower rates, underwriting volatility and litigation led to this hardening, Fitch Ratings says.
Much like flooding, earthquakes are not typically covered by a standard home insurance policy.
Insurance industry news from Arch Insurance, NFP, PCF Insurance Services and more featured in weekly update.
The final quarter of 2023 was the seventh consecutive period to see a decline in roadway deaths.
Experts with FICO say that with the assistance of AI, insurers can rapidly accelerate modernization efforts.
Recent sales statistics indicate the electronic vehicle market is down but not out.
The effects of climate change are putting some states that have historically had lower premiums in the line of fire for more frequent and severe weather events.
The average U.S. driver travels around 13,450 miles each year, Insurify reported.
This executive's career path illustrates what is possible when insurers purposefully recruit talent from outside the industry.
Around 7% of all homeowners in the U.S. are uninsured, according to the Consumer Federation.