A Looming Threat: Unpacking the Link Between Insurance Ratings and Housing Stability A formal inquiry by U.S. Senators is scrutinizing Demotech, an insurance ratings firm, over concerns its assessments create hidden risk for the U.S. mortgage system. The probe questions why government-backed
Houston drivers are confronting an unprecedented financial challenge as average annual auto insurance premiums have escalated to an astonishing $3,191, marking a sharp 38% increase since just 2023. This dramatic surge has placed a significant strain on household budgets across the city, pushing the
As climate change intensifies and wildfires grow more frequent and destructive, homeowners in vulnerable regions are finding themselves in an increasingly precarious position, with insurance becoming prohibitively expensive or, in some cases, completely unavailable. In response to this escalating
The digital insurance sector has witnessed a significant strategic maneuver as the managing general agent Ripe finalized its acquisition of Schofields Limited, a venerable specialist in holiday homes insurance. This transaction, marking Ripe's third major corporate acquisition, serves as its
A contractor can meticulously follow blueprints, manage a project on schedule, and maintain a perfect safety record, yet still face financial ruin from a single uninsured claim stemming from a risk they never knew existed. Within the construction industry, a pervasive and dangerous misunderstanding
A comprehensive ten-month investigation by Arizona's state regulators has unequivocally concluded that the escalating crisis of unobtainable and unaffordable homeowners insurance in wildfire-prone regions cannot be solved by any single legislative or market-based remedy. A new report from the
