3+ mon, 2+ week ago  (1019+ words) The world of insurance can often feel like deciphering an overly complex text. The field is dense, confusing, and frequently causes frustration for policyholders. However, when examining renters insurance, one critical distinction exists that can determine financial outcomes following a…...

3+ mon, 11+ hour ago  (1330+ words) In spite of rising costs, Floridians aren't ditching their flood insurance policies, a new study found. But the rest of the nation is dropping flood policies at a rate that could endanger the federal program that provides them. "We're finding…...

13+ hour, 56+ min ago  (659+ words) Data shows that non-renewal rates, for reasons other than non-payment, are now higher in our area, more than the national average. Non-renewals are also increasing nationwide. There is also the issue of more denials. Industry experts are blaming more severe…...

1+ mon, 3+ week ago  (913+ words) It could help cover costs If a client or someone else claims you caused: Bodily injury: When someone who isn't an employee (like a client or a visitor) gets hurt at your workplace. Property damage: If you accidentally damage someone…...

1+ day, 20+ hour ago  (264+ words) Mortgage giants Fannie Mae and Freddie Mac are loosening homeowners insurance requirements in an effort to lower one of the "hidden costs" of homeownership. The Federal Housing Finance Agency, which regulates Fannie and Freddie, said the mortgage giants would now…...

3+ day, 17+ hour ago  (445+ words) Rising property insurance costs contributed to higher mortgage delinquencies last year, new data showed. Home insurance costs have risen 72% since 2019, but have recently shown signs of slowing due to flattening home prices and increased policy switching. Property insurance payments hit…...

3+ mon, 2+ week ago  (373+ words) The trips included a $11,626 premium ticket to Singapore for a 2024 conference and a $9,517 ticket to Tokyo in 2023, the paper reported. A planned $11,730 jaunt to Nepal was canceled after the Los Angeles fires in January. While state employees joining him flew…...

3+ week, 2+ day ago  (809+ words) A 97-year-old California homeowner thought she had insurance protection when the Pacific Palisades wildfire struck her neighborhood. Instead, she learned the hard way what "bare-bones" coverage can mean. After the fire, Norma Nahigian's house survived structurally, but the interior was…...

1+ week, 1+ hour ago  (579+ words) State Farm may claim to be a "good neighbor," but one California homeowner claims the insurer is acting more like a sneaky one. Linda Bennett, who has lived in her Santa Ana home since 1993, said she was stunned when she…...

6+ day, 7+ hour ago  (489+ words) In February, State Farm announced that it was paying back auto insurance customers a total of $5 billion in dividends. It'll be the largest dividend payout to customers in the mutual insurance company's history. "This dividend is possible due to State…...