Homeowners Market Faces Upheaval as Outlook Worsens
An estimated 39 million U.S. homes are underinsured compared to the risk they actually face from weather events, such as hurricanes, wildfires and floods, according to the First Street Foundation.
Homeowners
Reach Next-Gen Car Collectors in an Evolving Market
Not only is the hobby transitioning to new generations, both to Generation X and millennials, it is also witnessing the evolution to electric vehicles (EVs).
The Hard Market Puts the Classic Car Market to the Test
A surge in classic car values—primarily due to rising inflation and exchange rate variability—means that owners are facing insurance-related issues.
Senate Holds Hearing on Challenges in the Property Insurance Market
The hearing highlighted the recent property insurance market turmoil due to the major disasters in Florida, Georgia, the Carolinas, California, Hawaii and Vermont.
AN Radio: Challenges and Solutions When Insuring Multifamily Homes
Two experts discuss the multifamily housing market and the impact of the hard market on property & casualty insurance.
Is Skunk Spray Damage Covered Under a Homeowners Policy?
A skunk entered the basement of a house through a cat door and sprayed the area. Is animal spray excluded from homeowners coverage under the pollution exclusion?
Farmers Florida Exit to Affect 100,000 Policyholders
This week, Farmers Insurance said it will stop offering home, auto and umbrella policies in Florida.
Aligning Expectation and Replacement Cost in an Inflationary Environment
Homeowners rely on replacement cost endorsements to cover the full value of household items and home features. However, frequently and ever increasingly, they find that their coverage is not adequate.
Companies Pull Back from Property and Auto Insurance Markets
This week, Nationwide announced it is pausing writing business in certain lines of insurance, joining the list of insurers who have withdrawn from markets.
3 Ways a Personal Articles Floater Can Protect Your Homeowners Clients
Supplementing a standard homeowners policy with a personal article floater or endorsement policy can provide essential coverage for clients.
