Personal Lines
Why Homeowners Insurers Are Losing Money: Roofs Matter, Not Just Rates
Rate hikes haven't been enough to bring profits to U.S. homeowners insurers, according to a new analysis from Aon, which finds that returns-on-equity for a group of homeowners insurers studied are ...
Louisiana Least Affordable for Personal Auto Insurance: Study
Resulting from a combination of economic conditions, claims behavior and the state's litigation environment, Louisiana is the least affordable state in the nation for personal auto insurance, ...
Tornadoes Caused Damage Far From Hurricane Milton Landfall
Tony Brazzale, a diving boat captain who has lived for 10 years in his Wellington home in southeastern Florida, wasn't worried about Hurricane Milton. The storm's center was forecast to make landfall ...
KCC Expects Private Insured Losses of $36B From Hurricane Milton
Florida's Hurricane Milton caused private insured losses of about $36 billion, estimated catastrophe modeler Karen Clark & Co. The estimate includes losses from wind, storms surge, and inland ...
Moody’s: Insured Losses for Helene and Milton $35B-Plus But Estimates Cloudy
Total U.S. private market insured losses from the Hurricanes Helene and Milton will likely range between $35 billion and $55 billion, according to Moody's RMS Event Response, which said the ...
Milton’s Surprise Was the Damage Unleashed by Powerful Winds
Storm Weakened But Still Brought 120-mph Winds to St. Petersburg Area Hurricane Milton's devastating path across Florida has left at least 10 dead, millions without power, and destroyed homes and ...
Homeowners Insurers Argue for a 42% Average Rate Hike in North Carolina
With many western North Carolina residents still lacking power and running water from Hurricane Helene, a hearing began last Monday on the insurance industry's request to raise homeowner premium ...
Repeat of 1/1/2023 Reinsurance Hikes Unlikely As Reinsurers Take Milton Hit
Reinsurers will have some meaningful losses from Hurricane Milton but a replay of the shocking price hikes cedents experienced during Jan. 1, 2023 renewals isn't likely to repeat for 2025, Fitch ...