Category: Homeowners insurance
EV charging fires are rare but insurers can’t ignore the risk
As EV adoption increases and residential charging becomes the norm, fire risk has emerged as a meaningful coverage concern.
LA wildfire losses underscore urgency for insurance changes
Insurers had already doled out more than $12 billion to pay for wildfire damages as of early March, according to California state officials.
California’s snowpack data likely signals another fire-prone summer
California is emerging from its wettest time of the year with new fire and drought risks.
Homeowners’ insurance claims experience strained: J.D. Power
Slow repair cycle times, widespread premium increases and the volume of catastrophic events all contribute to dissatisfaction, according to the U.S. Property Claims Satisfaction Study from J.D. Power.
20 insurers with the largest homeowners market share
The top five insurance companies have an average homeowners market share of 9.15% as of December 31, 2024.
California at risk of new insurance bailout amid fire danger
California’s insurer of last resort is careening toward another hot and dry summer with its coffers already strained. That’s raising the prospect that state residents will need to pick up the bill for more funds.
HSB partners with Flume; Kin expands into California: Insurtech news
HSB, a part of Munich Re, partners with Flume; Kin expands into California, plus more insurtech news.
Cascading extreme weather events unleash billions in damages globally
First came a dry spell that parched the land, then a spark, followed by some wind. Suddenly, swaths of South Carolina were consumed by voracious flames.
Federal flood insurance at risk of lapsing yet again
The National Flood Insurance Program, estimated to cover over 4 million homeowners, is set to lapse next Friday along with the federal budget.
Property-insurance premiums rise a record amount
The jump, which represents an ICE Mortgage Technology survey high, reflects the past cost of natural disasters like hurricanes in the Southeast.
