Personal Lines Rate Increases Moderate in Q1 2023
While homeowners and personal articles insurance on a composite basis were down slightly in the first quarter of 2023, auto insurance rates increased.
Homeowners
Applied Underwriters Launches Homeowners MGA
Applied Home National Underwriters will act as a managing general agent and will represent eight carriers, five from Applied and three from other carriers.
Is Providing a Replacement Cost Estimate to Lenders an E&O Exposure?
Mortgage lenders are requiring agents to supply a replacement cost estimate (RCE) for refinance closings. Is this something the agents should be doing?
Perfect Storm Creates ‘Hardest Market Cycle in a Generation’
Rising economic and social inflation, supply chain constraints, catastrophic weather driving up losses, and historic cost increases for reinsurance has led to significant pressure on the property-casualty industry.
‘Worrying Sign’ as Homeowners Repair, Claim Times Increase but Digital Usage Declines
Severe events, inflation and supply chain-related concerns coupled with the strain on digital tools has led to increased dissatisfaction among homeowner clients.
Spring Cleaning: 6 Ways to Help Homeowners Prevent Losses
Agents can help clients understand that spring isn’t just a time to prepare their home for the season ahead, it’s also a time to check for damage done during the winter months before it becomes an insurance claim.
Only 9% of Homeowners Adjusted Limits for Inflation, Supply Costs
While construction costs on single-family homes were up nearly 17% in 2022, 56% of homeowners have not reviewed their homeowners policy in the last year.
The Forecast for Solar Panels and Homeowners Insurance
More and more homeowners may be considering making the change to powering their homes with solar panels. But what does that mean for homeowners insurance?
AIG to Form Independent MGA to Serve High Net-Worth Markets
AIG’s Private Client Group (PCG) business will move to this new independent platform and be rebranded as Private Client Select Insurance Services (PCS).
Only 2% of California Homeowners Have Flood Insurance
As the recent string of storms and flooding on the West Coast have likely hit property owners with unmitigated costs, many Americans mistakenly believe they are covered against floods, according to Neptune Flood.
