Category: Homeowners insurance
U.S. homeowners expect extreme weather to damage their homes: Kin
U.S. homeowners are concerned about climate and insurance costs, according to Kin’s Homeownership Trends Report.
LA Fire survivors got a rude surprise that could hit more Americans
Since the 1990s, American homes have been systematically underinsured in the event that they are completely destroyed.
Insured losses from wildfires, storms and floods hit record high
Insured losses for so-called non-peak perils — also sometimes referred to as secondary perils — reached a record $98 billion last year, Munich Re said in a report released on Tuesday.
Insurance costs ‘seriously’ influencing many home purchases
The impact of extreme weather remains top of mind for many, with a majority of homeowners citing it as a factor behind purchase or relocation considerations.
US lawmakers launch probe into insurance rating firm in Florida
Three U.S. senators opened an inquiry into insurance ratings firm Demotech and whether its assessments may be exposing taxpayers to growing risks tied to climate-driven insurer failures.
People dropped federal flood Insurance when rates rose
A paper published Tuesday in the Journal of Catastrophe Risk and Resilience estimates that Risk Rating 2.0, FEMA’s 2021 update, resulted in up to 13% of those facing the highest premium increases dropping their policies.
Active monitoring necessary for connected devices
As more insurers tie credits to connected technologies, monitoring will become a basic expectation rather than an added feature.
WIL 2025, Amanda Smith: Strong leaders empower people
Amanda Smith is currently the chief product officer, home for Plymouth Rock Assurance.
How ‘super roofs’ reward insurers, cat bond investors and homeowners
For years, academics and brokers have discussed whether cat bonds could do more than just clean up after disasters.
2025 WIL Next: Colleen Finn
2025 Women in Insurance Leadership NEXT honoree, Colleen Finn is Plymouth Rock Assurance chief marketing officer for homeowners insurance.
