homeowners insurance News
The Risky Business of Insuring Shared Households
An estimated 79 million adults, or 32% of the adult population, lived in a shared household in 2017. This uptick in shared household living comes in many different types. According to recent Census ...
Opinion: Climate Change Risks for Homebuyers Old and New
Climate change poses risks to real estate that homebuyers may not be able to predict. As sea level rises, coastal properties, for example, may be subject to increased flooding and intensifying storm ...
Home Insurers Are Ripe for an Image Change, With InsurTechs Nipping at Their Heels
Traditional home insurers appear to be in need of an image change, and that, in turn, could create a big opportunity for InsurTech startups, according to the latest J.D. Power U.S. Home Insurance ...
AIG Will Depart Individual Personal Lines Business in Canada
American International Group has decided to stop underwriting new policies in its individual personal insurance lines of business in Canada, namely auto and homeowners. "We continually review our ...
AIG, Chubb Deploy Wildfire Specialists to Help Combat Rapidly Spreading California Blazes
California's raging wildfires are so bad that American International Group Inc. and Chubb Ltd. are deploying teams of specialists and former firefighters to spray retardants on homes. The season may ...
Fitch Blames Homeowners Insurance Losses for Dinging Personal Lines Results in 2017
Personal lines underwriting losses rose in 2017 for the fourth year in a row, Fitch Ratings found in a new report. There's a twist, however. In the three years prior to 2017, personal automobile ...
Carriers Struck With Nearly $700M in Dog Bite Claims for 2017
Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in 2017, costing almost $700 million. That's according to the Insurance ...
Armed With a $25M Infusion, Hippo Envisions National Homeowners Insurance Expansion
Hippo has nailed down $25 million in new Series B funding, a cash infusion the provider of super-quick homeowners insurance will use to fuel a hiring and geographical expansion. Comcast Ventures and ...