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Home insurers paid out a staggering $100 billion last year, the most catastrophic financial wrecking ball in over a decade
29 May 2024 20:57 GMT
… Market Intelligence found that American home insurers posted their worst year since … exceeding inflation.
In some markets, home insurers have ceased business entirely, citing …
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US Home Insurers Post Net Combined Ratio Over 110: S&P
23 May 2024 15:56 GMT
The U.S. homeowners insurance segment posted its worst underwriting results in over a decade in 2023, according to an analysis by S&P Global Market Intelligence.
The net combined ratio for the homeowners business, excluding policyholders’ dividends, …
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Maine’s historic storms stretched home insurers to their limit
22 May 2024 05:10 GMT
Maine’s insurance market is typically stable and profitable, but it was stretched by severe storms last year.
Payouts and other costs consumed nearly all of the revenue from premiums for homeowners insurance in Maine in 2023, meaning it was barely …
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The Big Stories: Home insurer hit with $1 million fine, and Mills files articles of impeachment against Biden
11 May 2024 00:49 GMT
A Tampa home insurance company hit with $1 million fine, and Rep. Cory Mills files articles of impeachment against President Joe Biden.
Tampa home insurance company hit with fine
A Tampa insurance company has been hit with a $1 million fine.
Heritage …
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California home insurer raises rates 15% to avoid leaving the state
08 May 2024 22:31 GMT
… As the nation’s largest home insurers continue to pull out of …
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Major home insurer is hiking premiums by over 15% in California, as thousands lose coverage entirely
08 May 2024 22:49 GMT
One of the largest insurers in California is raising premiums by an average of 15.3 percent for hundreds of thousands of homeowners starting next month.
Some 320,000 Californians who have taken out specific policies with Travelers Insurance - the sixth …
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Daily Digest: Home insurer raises rates; Another plane grounded at SFO
07 May 2024 16:23 GMT
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Insurance companies using drones for home inspections
07 Jun 2024 15:09 GMT
… about.“The big picture is home insurers will be able to write … about.
“The big picture is home insurers will be able to write …
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Investors are suing one of the 12 failed home insurers in Louisiana. See why.
29 Apr 2024 09:16 GMT
As claims poured in from Hurricane Ida, executives of Lighthouse Insurance Co. scrambled to land an infusion of cash from investors, both to assuage concerns from regulators and in hopes of keeping the firm afloat.
Now, the people who poured more than $60 …
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How some home insurers use aerial imagery to determine coverage
26 Apr 2024 04:36 GMT
Aerial images of property can wind up costing homeowners when it comes to insurance as some companies use them to determine whether a property is too risky to cover.
Almost every building in the United States is being photographed by satellites or drones …