Frequent natural disasters and high inflation have led insurers to raise premiums, and forced many customers to pare back their policies.
Tag: Homeowners Insurance
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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.
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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.
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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.
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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.