Homeowners' insurance
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SageSure’s recent M&A in Florida was driven by being selective with policies and smart about claims costs. -
Critics claim the dispute system denies consumers' key legal rights.
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State Farm is under investigation as its premiums have been rising “drastically".
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Though wildfire losses are up, total losses are the lowest since 2015.
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A US district judge ruled a delay could put human life and property at risk.
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The governor has yet to sign a pending bill to create a public cat model.
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The request cites use of Verisk’s forward-looking wildfire model.
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New home sales could be impacted by a prolonged stalemate.
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Seller White Mountains will retain a roughly 15% fully diluted equity stake.
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Proceeds will be used to pay off debt maturing at the end of the year and to support new market growth.
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The business has been ~70% owned by White Mountains since January 2024.
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Neptune’s stock price jumped 25% on the first day of trading.
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Home buyers looking to close on a mortgage could find the private market an attractive alternative.
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The jump in the latest estimate could be due to damage to seasonal properties only being recently discovered.
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The NHC also warned that a hurricane watch could be required in Bermuda as early as Monday afternoon.
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California’s insurance regulator has Fair Plan depopulation, cat models on his mind.
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The proposed changes aim to establish clear guidelines for intervenors.
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The measures also seek to encourage greater wildfire mitigation efforts.
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The specialty MGA said it didn’t experience direct losses from the LA wildfires.
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IBHS CEO Roy Wright says insurers need a comprehensive approach to resilience.
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A report by the ratings agency challenges current industry wisdom.
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Models anticipate a busier second half, particularly in the next few weeks.
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The wildfire MGA is expecting to write higher value homes soon and may expand into new states.
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The fundraising round brought in $50mn for the insurer.
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The carrier notified California regulators that it would stop renewing plans starting last month.
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The company generated $71.4mn in revenue for H1 2025.
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The bi-partisan legislation would make FEMA a cabinet-level agency.
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The rest of 2025 appears poised to remain favorable for insureds, however.
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The data modeling firm said losses previously averaged $132bn annually.
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The violations included not using properly appointed adjusters and failing to pay claims.
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After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
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Lawmakers are seeking input on risk evaluation, limits and other concerns.
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The group claims the White House is undermining disaster preparedness.
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Storm surge of two to four feet could affect the North Carolina coast.
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The program is aimed at affluent homes valued between $1mn and $6mn.
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Life-threatening surf and rip currents are expected on the east coast of the US.
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This is the first rate filing to use the recently approved Verisk model.
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The insurer said it expects to begin writing business by the end of the month.
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The company plans to launch in New York and New Jersey next year.
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Floir has greenlit at least 14 new companies for operation in Florida in the last few years, contributing to the competition.
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A shift to back to the admitted property space and MGAs choosing ignorance are other possible scenarios.
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As the fires spread, the priority shifted from saving structures to saving lives.
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Despite being hailed as an asset, executives said the current situation is not ideal for either valuation or competitive purposes.
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Auto, umbrella and excess lines recorded mid-double-digit rate increases in Q2.
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Rates continue to fall across the state but are firmer in the southeast region.
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The carrier sees opportunities to grow in New York, the mid-Atlantic and Florida.
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CEO Rick McCathron also said the company is seeking to diversify its portfolio.
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The gross loss ratio for the homeowners InsurTech fell by 12 points last quarter.
