As Home Insurance Bills Go Up, Owners’ Coverage Is Going Down Frequent natural disasters and high inflation have led insurers to raise premiums, and forced many customers to pare back their policies.
Seeking the ‘Right’ Customers, an Insurer Is Accused of Discrimination Erie Insurance defends its practice of telling agents to use subjective factors when judging a potential customer. Maryland regulators say the company sought to exclude Black and Hispanic people.
Idalia Could Become Another Multibillion-Dollar Superstorm The Category 3 hurricane could expose insurers and their customers to huge losses across a wide stretch of Florida, Georgia and the Carolinas.
Hawaii Wildfires Spur Insurers to Reassess the State’s Risk Hawaii has long been a low-risk and profitable market for insurers, but the Maui disaster could change that, and even have a global ripple effect.
Why California and Florida Have Become Almost Uninsurable Climate change is an obvious factor, but the states’ governments share a large part of the blame.