Browsing: property insurance

A Senate committee approved a proposal to revamp a state-operated property insurer, addressing concerns about insurance availability and affordability after recent devastating wildfires.

Specialty insurer Beazley Group has appointed Sara Foucher as Head of Commercial Property, Europe, signaling its expansion into the European market.

A new study reveals significant increases in homeowners insurance premiums, driven by climate-related risks and rising reinsurance costs.

AM Best’s commentary highlights the increasing challenges in California’s property insurance sector, driven by severe wildfires and insurer pullbacks.

The inland marine insurance market, which covers movable property, is stable despite challenges from cargo theft and cyber threats, according to industry experts.

Homeowners in South Florida are expecting some relief in property insurance premiums, although the decreases are small compared to recent increases.

A growing number of Florida homeowners are choosing to forgo property insurance, driven by high premiums and a troubled insurance market. This trend presents significant financial risks.

Rhode Island homeowners face rising premiums and limited insurance options due to climate-related risks and other factors, prompting state officials to advise proactive measures.

TransUnion research reveals a 20% year-over-year increase in auto and property insurance shopping in Q4 2024, driven by consumer demand for lower rates.

Homeowners in Florida can expect some relief on property insurance premiums starting in March 2025, though the reductions will be modest compared to recent increases.