One in 50 people and 1 in 35 properties from 32 coastal cities in the US could face significant flooding ...
Texas approves 36 double-digit homeowners insurance rate hikes in Q3'23
Texas regulators signed off on 36 double-digit rate increases in the third quarter, three of which were the most-impactful hikes in the entire US during the period....
Texas regulators signed off on 36 double-digit rate increases in the third quarter, three of which were the most-impactful hikes in the entire US during the period....
Article / 8 months ago
In shift, California will let catastrophe models be used in rate-setting process
California's insurance department will soon allow carriers use catastrophe modeling when making rate filing requests, but additional regulatory...
California's insurance department will soon allow carriers use catastrophe modeling when making rate filing requests, but additional regulatory...
Article / 9 months ago
Fla. P&C insurers still raising rates after market reform laws take effect
Florida's residential property insurers are taking a cautious approach when estimating how industry reforms passed in late 2022 will impact their premium...
Florida's residential property insurers are taking a cautious approach when estimating how industry reforms passed in late 2022 will impact their premium...
Article / 12 months ago
Fla. insurer of last resort now top 10 US homeowners writer amid market turmoil
Ongoing tumult in Florida's property market has turned Citizens Property Insurance Corp. into one of the largest writers of homeowners insurers in the...
Ongoing tumult in Florida's property market has turned Citizens Property Insurance Corp. into one of the largest writers of homeowners insurers in the...
Article / 1 year ago
State Farm pullback intensifies spotlight on California's rate-approval process
A decision by California's largest homeowners insurer to stop writing new property and casualty policies has hastened calls to revise the state insurance...
A decision by California's largest homeowners insurer to stop writing new property and casualty policies has hastened calls to revise the state insurance...
Article / 1 year ago
9 insurers sign up for La. incentive program
Nine insurers have applied to participate in a Louisiana state program aimed at shoring up the state's flagging property insurance market....
Nine insurers have applied to participate in a Louisiana state program aimed at shoring up the state's flagging property insurance market....
Article / 1 year ago
Ala. storm mitigation program offers template for La. insurance market
An Alabama program designed to fortify homes against potential storm damage is providing a template for Louisiana insurance regulators as they seek to...
An Alabama program designed to fortify homes against potential storm damage is providing a template for Louisiana insurance regulators as they seek to...
Article / 1 year ago
Texas approves most impactful homeowners rate hikes in Q4'22
U.S. states employ a variety of rate regulation mechanisms, including prior approval, modified prior approval, file and use, and use and file....
U.S. states employ a variety of rate regulation mechanisms, including prior approval, modified prior approval, file and use, and use and file....
Article / 1 year ago
Slide CEO bullish on Fla. property market after 'earth-shattering' reforms
Insurtech Slide Insurance Co. was founded in 2021 by Bruce Lucas, founder and former CEO of Heritage Insurance Holdings Inc....
Insurtech Slide Insurance Co. was founded in 2021 by Bruce Lucas, founder and former CEO of Heritage Insurance Holdings Inc....
Article / 1 year ago
NAIC meeting: Regulators talk 2023 goals, national flood plan, algorithmic bias
Florida Insurance Commissioner David Altmaier speaking during the recent NAIC 2022 fall meeting. Altmaier resigned last week amid continued chaos in the state's...
Florida Insurance Commissioner David Altmaier speaking during the recent NAIC 2022 fall meeting. Altmaier resigned last week amid continued chaos in the state's...
Article / 2 years ago