In a landscape where homeownership is already a significant financial commitment, a surprising factor is adding to the burden for countless Americans: credit scores. Many homeowners are unaware that a dip in their credit rating can lead to staggering increases in home insurance premiums, sometimes
The specialty commercial insurance market in the United States stands as a critical pillar of the broader property and casualty sector, commanding a remarkable 45% of total commercial premiums written. This segment, which includes both admitted and non-admitted carriers along with unique
Florida’s property insurance market has been a battleground of competing interests in recent years, with sweeping reforms reshaping how coverage and claims are handled for millions of residents. At the forefront of this shift is Citizens Property Insurance Corp., the state-backed insurer of last
The landscape of homeowners insurance in the United States has taken a troubling turn, with nearly half of all policyholders—47%, to be exact—facing premium increases this year, marking the highest rate of insurer-driven hikes in over a decade. This sharp uptick in costs is not just a financial
Setting the Stage for Claims-Driven Loyalty In the ever-evolving landscape of auto insurance, a staggering statistic emerges: nearly half of policyholders rank the speed of claims payments as their top priority when evaluating satisfaction, painting a vivid picture of an industry at a crossroads
In a year marked by economic shifts and escalating natural disasters, U.S. property/casualty (P/C) insurers achieved a historic financial milestone that has reshaped the industry’s outlook. The unprecedented surge in investment income to a staggering $89 billion in 2024, a remarkable 20% increase
