A 6th House Has Collapsed into Atlantic on North Carolina’s Outer Banks
Insurance Journal Blog » Homeowners Insurance
by
2d ago
RODANTHE, N.C. (AP) — Another house has collapsed into the Atlantic Ocean along North Carolina’s coast, the sixth to fall along the Cape Hatteras National Seashore’s beaches in the past four years, according to U.S. National Park Service officials. About ..read more
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American National Exiting Homeowners Insurance Market
Insurance Journal Blog » Homeowners Insurance
by Don Jergler
2d ago
Following its announcement several months ago to leave the homeowners insurance business in nine states including California and Louisiana, American National appears to be exiting the line in all states. According to a letter sent to employees and other stakeholders ..read more
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Washington Premium Change Transparency Rule Kicks in June 1
Insurance Journal Blog » Homeowners Insurance
by
2d ago
Insurance will be required tell policyholders why their premiums have gone up staring June 1. A new rule by Washington state Insurance Commissioner Mike Kreidler first requires insurers to provide an answer on why premiums have gone up, and in ..read more
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New Language in California Budget Seeks to Expedite Insurance Rate Filing Approvals
Insurance Journal Blog » Homeowners Insurance
by
2d ago
Insurers are praising new trailer bill language in the California budget that promises to expedite the home and auto insurance rate filing approval process. California Gov. Gavin Newsom first made the proposal to speed up the rate filing process while ..read more
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After Wildfire, Hawaii Fire Crews Take Stock of Their Ability to Communicate in a Crisis
Insurance Journal Blog » Homeowners Insurance
by Admin
1w ago
Fire departments across the state are reevaluating their emergency communication capabilities after the Maui wildfires, when the vulnerability of the island’s cellular network — and a lack of advanced communication tools in fire vehicles — complicated efforts by first responders ..read more
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US Home Insurers Post Net Combined Ratio Over 110: S&P
Insurance Journal Blog » Homeowners Insurance
by
1w ago
The U.S. homeowners insurance segment posted its worst underwriting results in over a decade in 2023, according to an analysis by S&P Global Market Intelligence. The net combined ratio for the homeowners business, excluding policyholders’ dividends, was 110.5 in 2023 ..read more
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Hawaii Outlines Efforts to Prevent Another Devastating Wildfire Ahead of a Dry Season
Insurance Journal Blog » Homeowners Insurance
by Admin
1w ago
As Maui continues to recover from the deadliest U.S. wildfire in more than a century, Hawaii officials are looking at preventing another similar disaster ahead of what is expected to be a dry, fire-prone season, Gov. Josh Green said in ..read more
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Hawaii Study: Nearly 75% of Wildfire Survey Participants Have Respiratory Issues
Insurance Journal Blog » Homeowners Insurance
by Admin
1w ago
A University of Hawaii study examining the health effects of last year’s deadly wildfires on Maui found that up to 74% of participants may have difficulty breathing and otherwise have poor respiratory health, and almost half showed signs of compromised ..read more
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Insurance Research Council: Home Insurance Spend Tops Household Income Growth
Insurance Journal Blog » Homeowners Insurance
by Admin
2w ago
According to the Insurance Research Council (IRC), the average homeowners insurance expenditure has become less affordable for U.S. consumers over time. Looking at the the years 2001 to 2021—the latest year in which relevant data is available—homeowners spent about 2 ..read more
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After Maui, Hawaii Lawmakers Budget Funds for Firefighting Equipment and a State Fire Marshal
Insurance Journal Blog » Homeowners Insurance
by Admin
2w ago
Hawaii lawmakers appropriated funds for more firefighting equipment and a state fire marshal after the deadliest U.S. wildfire in more than a century ripped through the historic Maui town of Lahaina and exposed shortcomings in the state’s readiness for such ..read more
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