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Homesite Insurance paid the homeowners $691,305.12 under the terms of their insurance policy, according to the complaint.
The results underscore the industry's ongoing hard market conditions.
Fewer than half of industry execs consider their companies 'advanced' in the main areas of business evolution.
In 2023, the Texas Dept. of Insurance issued Go a cease and desist after receiving over 50 complaints about the company's practices.
State Farm currently holds around 8.7% of all home insurance policies in California.
Insurers across all lines wrote $960,802,932,489 in direct premiums in 2023, according to NAIC market share report.
The suit against the Leonia School Board was filed in November 2021, though the plaintiff says the alleged sexual abuse happened in 1980.
Zillow analysis identifies the least affordable housing markets in 2024, discovers a 96.4% hike in mortgage payments and rise in "house hacking."
The Ninth Circuit didn't rule on the merits of the claims, but rather upheld a district judge's decision.
As the insurance industry ushers in the Insurtech 2.0 era, carriers must build an agile business landscape rooted in innovation.
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