Browsing: Property Insurance

Oklahoma has passed legislation restricting the post-loss assignment of benefits for property damage under various insurance policies, aiming to reduce fraud and lower insurance costs.

The state Board of Finance has authorized an application to create a captive insurance company to provide property insurance for public schools, higher education institutions, and state agencies.

Despite legislative reforms aimed at stabilizing insurance rates, Florida residents are still grappling with significant premium hikes due to various cost factors

A tornado on May 16th destroyed Demetrius Thomas’s home in North St. Louis, but thanks to his insurance coverage, he’s currently staying in a hotel with expenses covered.

California’s insurance commissioner investigates State Farm’s handling of wildfire claims, following allegations of delays and mishandling from survivors of the Palisades and Eaton fires.

California’s Insurance Department has initiated a formal investigation into State Farm’s handling of claims from Los Angeles County fire survivors, citing a significant number of complaints.

The Baldwin Group acquires Hippo’s homebuilder distribution network, enhancing Westwood Insurance Agency’s capabilities and strengthening industry position

Oklahoma Insurance Commissioner Glen Mulready addresses the rising homeowners insurance rates in Oklahoma, explaining the factors contributing to the increase and the role of the Oklahoma Insurance Department.

Insurance costs are rising sharply across the United States, with some states experiencing premium increases of over 40%. Communities are working to mitigate risks through measures like home hardening and fire-resistant materials, but insurers are not always recognizing these efforts when determining coverage.

Florida’s ongoing struggle with property insurance costs reveals a deeper issue: the state’s tendency to legislate away the price of hurricane exposure rather than addressing the root causes.