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Hailstorms Drive Up Home Insurance Deductibles Across the U. S. - Program Business | Where insurance industry clicks
4+ day, 9+ hour ago (262+ words) Hailstorms are quietly reshaping home insurance costs for millions of American homeowners, with insurers increasingly shifting financial risk through higher wind and hail deductibles, according to new data from Insurify. Severe convective storms, which include hail, thunderstorms, and tornadoes, rank…...
Hurricane Risk in 2026: $12. 26 Trillion in Property Value Exposed, New Data Shows - Program Business | Where insurance industry clicks
5+ day, 9+ hour ago (313+ words) Published on May 20, 2026 More than 32. 2 million homes across 20 states face moderate or greater risk from hurricane winds, representing over $12. 26 trillion in reconstruction cost value, according to Cotality's 2026 Hurricane Risk Report. Storm surge, while limited to coastal and low-lying areas, threatens…...
Commercial Property Insurance Trends Reshape Real Estate Investment Coverage - Program Business | Where insurance industry clicks
1+ week, 3+ day ago (403+ words) According to the report, investment properties present a broad range of risks that can affect both pricing and coverage options. Severe weather remains a major concern, with storms, wildfires, and flooding contributing to higher claim costs and property damage. In…...
Farmers Insurance Highlights Key Coverage Details Ahead of Spring Hail Season - Program Business | Where insurance industry clicks
1+ week, 3+ day ago (516+ words) Spring storms continue to bring an increase in hail-related insurance claims, according to Farmers Insurance. Drawing on recent claims experience, the insurer is encouraging consumers to review coverage for homes, vehicles, boats, and motorcycles before severe weather occurs. Farmers Insurance…...
REInsure Pro Introduces Habitational Insurance Program for Large Apartment Complexes - Program Business | Where insurance industry clicks
1+ week, 5+ day ago (502+ words) REInsure Pro has launched a new insurance program targeting larger apartment complexes, entering a segment that has experienced carrier withdrawals and rising premium costs in recent years. The new offering, called REInsure Pro Hab, is an annual property and liability…...
US Property/Casualty and Health Insurers Exceed Cost of Capital - Program Business | Where insurance industry clicks
1+ week, 5+ day ago (498+ words) U. S. property/casualty (P/C) insurers recorded their highest return on equity in a decade in 2025, according to a new report from AM Best. The segment reached a return on equity of 14. 97%, while the cost of equity remained relatively stable at 8. 18%. The…...
Legislative Update: California Proposes Disaster Recovery Reform Act Following 2025 Wildfires - Program Business | Where insurance industry clicks
4+ mon, 2+ week ago (25+ words) California insurance regulators and lawmakers have introduced new legislation aimed at accelerating insurance claim payments and strengthening consumer protections in the aftermath of major disasters....
Home Insurance Shopping Hits Record High as Auto Activity Ticks Up in Q1 - Program Business | Where insurance industry clicks
2+ week, 6+ day ago (230+ words) Home insurance shopping reached its highest rate in the history of J. D. Power's Insurance LIST study during the first quarter of 2026, according to the Q1 2026 Insurance Shopping LIST Report published by J. D. Power in collaboration with Trans Union. Home insurance shopping climbed to…...
Lawsuits Spotlight Hail Damage Claim Disputes in Home Insurance - Program Business | Where insurance industry clicks
3+ week, 4+ day ago (470+ words) Published on April 30, 2026 Lawsuits across the United States are drawing attention to how insurance claims for hail damage are handled, particularly in cases involving State Farm, the nation's largest home insurer. The litigation follows a period of increasingly severe weather…...
Senate Committee Rejects Bill Requiring Insurance Coverage for Fire-Resistant Homes - Program Business | Where insurance industry clicks
4+ week, 7+ hour ago (558+ words) A California Senate committee has rejected legislation that would have required insurers to provide coverage to homeowners who reduce wildfire risks on their properties. The decision marks the latest setback for similar proposals introduced in recent years. The Senate Insurance…...