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Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
Insurance Information Institute: The average cost of renters insurance in the U.S. is $170 per year.
Insurance commissioner: Roughly 20 cents of every insurance premium dollar covers fraud costs.
Copycat crimes have already happened.
Conning: Increased catastrophe activity and rising settlement costs have posed significant hurdles.
State Farm: 'We are very disappointed the Commissioner ignored his department’s recommendation.’
U.S. homeowners are paying more for insurance and household goods in 2025.
REsimpli survey: Over half of real-estate sector thinks insurance will be most affected.
Matic: New home insurance policies see an average rate increase of 6.6%.
Travelers: More than a third of U.S. workers get hurt during the first year of employment.
Homeowners' insurance generated $1.3 billion of underwriting income for the insurer in 2024 and covered $3.7 billion in losses.