4+ day, 5+ hour ago  (272+ words) Oklahoma’s attorney general sued Allstate Corp., alleging the insurer schemed to minimize payouts to homeowners for wind and hailstorm damage in order to boost its profits. The state’s top lawyer, Gentner Drummond, alleges that Allstate implemented an internal program to…...

6+ day, 7+ hour ago  (335+ words) Now that a new Alabama law has had time to take effect, the state Department of Insurance has lifted a 16-month moratorium on new captive insurance companies in the state. A captive manager and supporter of the new law said…...

1+ week, 3+ day ago  (121+ words) DUAL North America launched a California Homeowners insurance product, expanding its U.S. personal lines offering. The product is written on an HO-3 form, backed by an A.M. Best ‘A’ rated carrier, and offers dwelling coverage limits of up to $5 million. It is…...

1+ week, 5+ day ago  (465+ words) Editor’s note: As some national news reports continue to claim that Florida’s property insurance crisis has endured and premiums keep rising, one Florida insurance executive offered a view from inside the industry, shaped by more than three decades in the…...

1+ week, 6+ day ago  (160+ words) A south Florida businessman is stepping into the insurance agency with the launch of Anderson Insurance Solutions, based in Coral Springs. He said last week that it’s too soon to say which property insurance carriers he may be appointed with....

2+ week, 2+ day ago  (144+ words) Orion180 Insurance has launched its FLEX homeowners insurance coverage in Colorado. FLEX Home Insurance is designed to give homeowners greater control over how they protect their property, allowing them to tailor coverage to fit their individual risk tolerance and budget. The…...

2+ week, 3+ day ago  (175+ words) Digital insurer Honeycomb Insurance is expanding into Nevada roughly one month after receiving a $40 million funding round. The company’s recent launches include operations in Kansas and Missouri. Honeycomb’s digital platform is designed to enable agents to quote and bind … Digital…...

2+ week, 4+ day ago  (390+ words) The Atlantic hurricane season is almost a month old. Two events have already happened that could improperly shape our vision of this year’s storm season if we don’t keep a proper perspective on it. The first event was the announcement…...

2+ week, 4+ day ago  (1332+ words) Tom and Diane Peterman tried to buy flood insurance when they moved to their retirement home on the shores of Black Lake 14 years ago but were told it wasn’t available. John Solum was told he wasn’t in a flood zone…...

2+ week, 4+ day ago  (777+ words) Is this the future of home insurance in disaster-prone areas: The carrier coordinates the home-hardening work, from connecting homeowners with contractors to installing sensors, and maybe even financing the cost of the mitigation? “That’s our belief and that’s why we…...