Personal Lines
NFIP to Begin Taking Monthly Flood Insurance Payments
The National Flood Insurance Program will soon start to accept monthly payments for flood insurance premiums, ending 55 years of requiring full payment upon application or renewal. The Federal ...
Allstate Says It’s Ready to Grow Homeowners Line With All 3 Distribution Channels
Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all three distribution channels to do it. Due to rising trends in the frequency and ...
Viewpoint: Role of Private Flood Insurance Has Room to Grow With NFIP Instability
Back-to-back hurricane landfalls in the span of less than two weeks have placed flood insurance in a new light for many inside and outside of the insurance industry, if not front and center. Images ...
Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms
A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a "direct physical loss" as ...
Hurricanes Helene, Milton Likely to Be $50B Disasters; Much Uninsured
Monstrous hurricanes Helene and Milton caused so much complex havoc that damages are still being added up, but government and private experts say they will likely join the infamous ranks of Katrina, ...
The Latest Hurricane Milton Insured Loss Estimates: $17B-$50B
Catastrophe risk modelers delivered a wide range of estimates of insured losses from Hurricane Milton this week—ranging from a low of $17 billion to a high of $50 billion. Estimates as of Oct. 17 ...
Allstate Reports $1.7B in Q3 Pretax Catastrophe Losses, $630M For Helene
Allstate Corp. doesn't announce third quarter earnings until Halloween but today it released some scary September pretax catastrophe losses. In keeping with its initiative to announce monthly ...
An Estimated 138,000 Cars Were Flood-Damaged by Hurricane Helene
Hurricane Helene left as many as 138,000 vehicles flood damaged after it tore through at least six states, according to the latest CARFAX estimate. Floodwaters swamped communities in Florida, ...