Construction crews have already put up the frame on Cheri Sharp’s new house, but she still questions whether rebuilding was the right choice after California’s most destructive wildfire took her old home in wine country nearly a year ago. She’s …
California homeowners may find themselves facing insurance headaches even if their houses weren’t affected by this year’s blazes. The California Department of Insurance had already warned this year that the increasing number and severity of wildfires were making it harder …
Underwriting losses in the U.S. P/C personal lines segment moved higher for the fourth straight year in 2017, though this time another segment drove the increase, according to Fitch Ratings in a new report. Personal lines are the largest major …
The California Senate approved legislation Thursday that seeks to clarify homeowners’ insurance coverage following deadly mudslides near Santa Barbara. Insurance policies generally cover damage caused by fires but not by mudslides. That creates confusion in cases like the mudslides in …
On January 23, 2017, the California Supreme Court ruled that the insurance Commissioner of that state was given the power by the legislature to specify what factors must be covered by replacement cost estimate tools used by insurers in connection …
Assurant Inc., the insurer that sells coverage protecting mobile phones and homes, posted the second-biggest decline in the S&P 500 Index after third-quarter profit slumped. The insurer dropped $4.82, or 5.3 percent, to $86.48 at 10:06 a.m. in New York …
New claims data released as part of the Farmers Insurance Seasonal Smarts Digest shows the potential for home insurance claims tied to liability and fire should be at the forefront of homeowners’ minds. Farmers data shows that liability- and fire-related …
The personal auto insurance industry experienced significant performance deterioration in 2015, and is not showing clear signs of recovery thus far in 2016, according to a new Personal Lines Market Update report from Fitch Ratings. In contrast, homeowners insurance experienced …
Maine continues to be among the top states in the nation for most affordable homeowners and personal auto insurance rates, according to a recent announcement by Insurance Superintendent Eric Cioppa. Recently released reports by the National Association of Insurance Commissioners …
Allstate Corp., the largest publicly traded U.S. car and home insurer, said third-quarter profit slipped 17 percent as claims rose and policy growth slowed in the automobile-coverage business. Net income decreased to $650 million, or $1.54 a share, from $781 …