homeowners claims News
Lightning Caused $952M in Homeowners Claims in 2022, Decline from 2021
More than $950 million was paid to more than 62,000 U.S. homeowners insurance claims in 2022, according to analysis released last month by the Insurance Information Institute (Triple-I). At least ...Video: How One Tech Startup Is Getting Roofs Repaired Faster
Why do residential property claims drag on for months, leaving homeowners waiting for needed repairs? One reason: contractors don't have incentives to move repairs forward quickly. And often, ...
Homeowners Less Satisfied With Their Claims Experience: J.D. Power
Overall customer satisfaction with homeowners insurance claims fell to a five-year low, according to a new study by J.D. Power, as nearly every insurer's scores were dragged down by slower cycle ...
Hurricane Making Landfall Would be a First for Many Florida Insurers
Should a hurricane make landfall in Florida this storm season, many of the homeowner insurance players now doing business there are untested as to how they'll perform when catastrophe hits. Fitch ...