The escalating home insurance premiums in Louisiana have sparked considerable debate and legislative intervention. Recent developments have witnessed the introduction of House Bill 356, a legislative measure passed by the Louisiana House of Representatives. This bill mandates that insurance
California's homeowners insurance market is experiencing a tumultuous upheaval driven by increasingly frequent and severe wildfires. As the state grapples with escalating climate risks, the interplay between these environmental threats and rising insurance costs presents formidable challenges.
The escalating costs of homeowners insurance have become a pressing concern, intertwined with an intricate web of environmental, economic, and industry trends. A crucial factor contributing to these rising costs is the insurance industry's ongoing investment in and underwriting of fossil fuel
The housing insurance landscape in the UK is undergoing a steep transformation, with average premiums witnessing a significant surge recently. According to Go.Compare's Home Insurance Price Index, there has been a sharp 25% rise in building insurance costs from the first quarter of 2024 to the
In a significant move set to redefine the property insurance landscape, Nearmap, a leading property intelligence firm, has acquired itel, an independent entity celebrated for its property claims solutions. This strategic merger melds two established names in the insurance sector, aiming to merge
How can brokers ensure responsible AI usage in insurance operations? This question resonates throughout the insurance industry as artificial intelligence rapidly evolves, offering transformative opportunities alongside complex challenges. Statista reports reveal AI usage in global insurance surged
