Property insurance expert predicts rates will continue to rise in 2021

Learn more: Learn everything you need to know about global installations here Over the past 12 months, the pandemic has added fuel to the fire, piling up problems in a market that had already been under pressure for some time due to natural disasters. However, Belgarde noted, COVID-related losses are only one piece of... Read More

Rising business property insurance rates

A silver lining in the E&S market is that outside money is starting to see the sector’s profit-producing potential, which should translate into more capacity coming from insurance-related securities, RPS reported. (Credit: John Disney / ALM) For the first half of 2021, commercial property insurance rates are expected to drop from 10% to 15%,... Read More

Pet advocates call for dog breed discrimination to be prohibited for property insurance

Supporters of a Invoice who would prohibit property insurers from discriminating on the basis of dog breed testified emotionally during a Wednesday hearing on the difficult decision between housing security and abandoning their pet. Through testimony filed, a joint coalition of animal advocates wrote that a majority of property insurance providers deny or limit... Read More

Property Insurance Policies for Texas Homeowners

Related practices and jurisdictions Tuesday, February 23, 2021 The historic winter storm from February 13-17, 2021 caused billions of dollars in property damage across the state of Texas. Extremely low temperatures, severe snow and ice storms and widespread power outages led to broken pipes and other weather-related system outages, flooding, destroyed landscaping, loss of... Read More

Relief for business disruption due to COVID-19?

Can Business Interruption Insurance Help Businesses Affected by the Pandemic? Companies have looked for different ways to stay afloat. Some have sought the help available from the federal government, such as through the Payroll Protection Program. Government relief has generally been designed to help cover salaries and other business expenses. Businesses have been forced... Read More

Florida Consumers “Astonished” by Hikes in Property Insurance Rates

Florida real estate insurers are raising double-digit percentage rates, attributing the increases to lingering damage from past hurricanes, a wave of litigation and a law that encourages attorneys to sue by allowing courts to award them costs important. Rate increases in Florida, the third-largest property insurance market among US states, are the highest in... Read More

Legislation proposed to ‘stabilize’ property insurance would reduce roof coverage for more than 10 years

Instead of getting “replacement cost” coverage, insurers could offer “true cost” policies for older roofs. by: Shannon Behnken Posted: February 5, 2021 / 6:40 PM EST / Update: February 9, 2021 / 9:18 AM EST TAMPA, Fla. (WFLA) – Homeowners in Florida are starting to see results as insurance companies take drastic action to... Read More

Auto and home insurance rates in Canada are heading in opposite directions

According to the latest Applied Systems Premium Rate Index results, the average personal premium rates for automobiles in Canada fell 2.6% in the fourth quarter of 2020 compared to the same period in 2019, but some provinces recorded an increase. On average, premium rates at the end of 2020 and in the fourth quarter... Read More