The Vital Role of Insurance Inspections in Fortifying Against Frequent 100-Year Storms
In the present era of climate fluctuations, the frequency of extreme weather events, once deemed rare, has become a harsh reality. The term “100-Year Storm”
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As home insurance bills go up across the US, owners’ coverage is going down
2024/February/As home insurance bills go up across the US, owners’ coverage is going down Source : North Bay Business Journal Robert Shiver’s bill for his
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The Impact of Inspections on Carrier Reinsurance for Ensuring Accuracy and Getting Accurate Data
Inspections act as the eyes and ears of the insurance industry, offering a comprehensive understanding of the risks associated with different policies and portfolios. Whether
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How much risk will insurers take on in 2024?
2024/February/How much risk will insurers take on in 2024? Source : INSURANCE BUSINESS A new global study conducted by Ortec Finance indicates a trend among
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More than 18 million rental units at risk from climate hazards as extreme weather becomes more common, Harvard study finds
2024/February/More than 18 million rental units at risk from climate Source : CNBC The U.S. experienced 28 weather and climate disasters in 2023, costing a
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In SW Florida, High Home Insurance Rates are Driving Away Would-Be Buyers
2024/February/In SW Florida, High Home Insurance Rates are Driving Away Would-Be Buyers Source : INSURANCE JOURNAL (Bloomberg) — Florida’s southwestern coast — long one of America’s
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Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6%
2024/February/Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6% Source : INSURANCE JOURNAL The excess and surplus lines market continued to grow in
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Iceland Plans to Buy Out Homeowners in Volcano-Struck Town
2024/February/Iceland Plans to Buy Out Homeowners in Volcano-Struck Town Source : INSURANCE JOURNAL Iceland’s government has agreed to buy all residential properties in the fishing
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Insurers such as State Farm and AllState are Leaving Fire- and Flood-Prone Areas. Home Values could take a Hit
2024/February/State Farm and Allstate are leaving fire Source : CNBC Some insurance companies are pulling back coverage from fire- and flood-prone areas, leaving homeowners with
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