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So Cal homeowners face soaring insurance premiums, policies reviewed by A. I.
17+ hour, 46+ min ago (510+ words) For millions of Southern California homeowners, insurance is becoming harder to afford as rates soar. Some are even being told their policies are no longer being reviewed by a person, but instead by an algorithm. "Well, it's not fair. It's…...
Wildfire Mitigation Designation Program Now Available in Florida
13+ hour, 29+ min ago (488+ words) An insurance industry supported wildfire mitigation designation program has been expanded into 10 additional high-risk states with Florida being one. The expansion comes at a time when Florida is experiencing widespread drought conditions and state officials are concerned that the next…...
With Falling Private Re Prices, Should Florida Let Insurers Buy Less from the Cat Fund?
13+ hour, 28+ min ago (509+ words) For years, a segment of the Florida property insurance industry had lobbied for more access to the lower-cost reinsurance offered by the state-sanctioned Florida Hurricane Catastrophe Fund'mainly through a lowered retention, or deductible, level. Today, three years into Florida's tort-reform…...
Southern California homeowners face soaring insurance premiums
18+ hour, 5+ min ago (168+ words) AOL. com For millions of Southern California homeowners, insurance is becoming harder to afford as rates soar. Some are even being told their policies are no longer being reviewed by a person, but instead by an algorithm. KTLA's David Lazarus…...
Insurance experts say Colorado homeowners should prepare for hail season
16+ hour, 7+ min ago (451+ words) DENVER (KDVR) " With hail season almost here, insurance experts are sharing why homeowners should prepare now. Colorado's hail season can run from April to September, with some storms causing more than a billion dollars in damage. " An insurance report by…...
Essex area named England's worst for flood risk as homeowners warned
14+ hour, 30+ min ago (432+ words) Homes at risk of flooding could leave owners trapped on unaffordable mortgage rates, experts have warned. This comes as an Essex borough has been named among the most 'at risk'. A new report from the UK Sustainable Investment and Finance…...
Dept. of Agriculture, Trade and Consumer Protection: Following storm damage, Wisconsin consumers should use caution when seeking repairs
1+ day, 5+ hour ago (173+ words) MADISON, Wis. " This week, thunderstorms, high winds, tornadoes, flooding, and hail have struck communities across Wisconsin. Homes and vehicles may be damaged and in need of repair work. The Wisconsin Department of Agriculture, Trade and Consumer Protection (DATCP)reminds consumers…...
Farmer Brown Expands Access to Builders Risk, Home, and Auto Coverage With Faster Quotes and Competitive Rates for Contractors and Property Owners
16+ hour, 33+ min ago (279+ words) Contractors face rising construction risks and insurance price pressure. Farmer Brown reports updated guidance on Builders Risk coverage costs while promoting a unified path from construction coverage to homeowners and auto insurance. The firm offers affordable quotes and competitive rates…...
Understanding your insurance policies and what they cover during Financial Capability Month
16+ hour, 6+ min ago (78+ words) PINE BELT, Miss. (WDAM) - April is recognized as Financial Capability Month, and it is important that you know what you are paying for. There are various types of insurance, from life, home and/or auto policies. Homeowners insurance deductibles vary,…...
Home insurance pitfalls to avoid
1+ day, 5+ hour ago (518+ words) Some home insurance considerations to think about." The research also indicates that almost a quarter (24%) of homeowners don't understand the concept of underinsurance " where the sums insured on a policy are at an amount that is less than the value…...