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The Atlantic hurricane season officially begins this weekend with the start of June and runs through November.
Compared with older cohorts, homeowners age 18-34 were 10 times more likely to have their insurance dropped.
Insurers assess auto accident risks by county or state, and theft or vandalism risks by city or neighborhood.
From an ownership perspective, communication is the basis for all successful perpetuation plans.
The class actions allege General Motors is gathering data about drivers without their consent and sending it to insurance companies, which raises their rates.
Insurers that continue to evolve their risk modeling gain a competitive edge in underwriting and risk management.
As of May 28, the NOAA has recorded 1,016 tornado reports for 2024.
In 2023, ransomware claims increased 64% compared with the year prior, At-Bay reports.
Carriers are ranked by market share, based on filings from the National Association of Insurance Commissioners.
Policyholders must grasp claims-made insurance policy nuances and the risks of failing to notify insurers about potential claims.