You searched for homeowners - Page 24 of 83

CEA reinsurance and risk transfer contracts again to $7.99bn after further non-renewals

29th November 2024

The California Earthquake Authority's (CEA) reinsurance and risk transfer tower has contracted by a further 6% to $7.993 billion as of November 1st, 2024, as it opted to non-renew contracts to limit the amount of capacity in excess of its minimum 1-in-350 year level as policy count and exposure continues ... Read the full article

Bindable partners with Recoop to expand access to disaster insurance

29th November 2024

Insurance technology firm Bindable has announced a distribution partnership with Recoop Disaster Insurance to bring Recoop's innovative disaster insurance product to Bindable's extensive network of carriers, brokers, affinity groups, and insurance-adjacent businesses. Recoop provides affordable policies with rapid cash benefits, bridging gaps in traditional homeowners and renters insurance that leave Americans ... Read the full article

Insurers in the US to benefit from Near Space Labs’ enhanced aerial imagery

27th November 2024

Near Space Labs, an aerial imagery provider for insurance applications among others, has announced the deployment of stratospheric robots across the United States, which will contribute to delivering improved aerial imagery throughout the country. With enhanced 7cm resolution capabilities that match or exceed conventional aerial survey quality, this achievement marks the ... Read the full article

Flooding risk presents major credit challenges for Eastern and Southern US: Moody’s

27th November 2024

Destructive flooding recently caused by hurricane Helene highlights an increasing flood risk for local economies and tax bases, notably across the Eastern and Southern United States, says Moody's Ratings. However, according to analysts, as coastal and inland flooding events are beginning to become more frequent and severe, this growing hazard poses ... Read the full article

Climate and natural disaster risks prompting 13% of US home hunters to move: Redfin

22nd November 2024

Nearly one in seven (13.7%) US home hunters say a concern for natural disasters or climate risks within their area is a reason they are likely to move in the next year, according to a new report from Redfin, the technology-powered real estate brokerage. A Redfin-commissioned survey which was conducted by ... Read the full article

Verisk launches program to enhance fire protection capabilities

20th November 2024

Global data analytics and technology provider, Verisk has introduced LOCATION® Property Protection Score™ (PPS), which provides insurers with a score that reflects the fire protection capabilities at a specific address level. This score helps insurers accurately rate and underwrite personal lines homeowners risks, Verisk explained. LOCATION PPS builds on Verisk’s LOCATION® Public ... Read the full article

Insurers call on Canada’s federal government to move forward with national flood insurance program: IBC

19th November 2024

October storms in Southern British Columbia, Canada, resulted in over $110 million in insured damages, as per initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). In response to these escalating costs, insurers urge the federal government to move forward with the implementation of a National Flood Insurance Program to better ... Read the full article

Delos appoints Gloria Hendrickson as Head of Reinsurance

19th November 2024

Delos Insurance Solutions, a property insurance MGA, has announced the appointment of Gloria Hendrickson as its new Head of Reinsurance. In her new role, Hendrickson will focus on securing reinsurance capacity for new programs and strengthening relationships with reinsurance partners. Kevin Stein, CEO of Delos Insurance Solutions, expressed enthusiasm for Hendrickson’s appointment, ... Read the full article

Conifer posts $61m gain from agency sale despite $7.4m adjusted operating loss in Q3’24

15th November 2024

In their financial results for the third quarter of 2024, Conifer Holdings has posted a $61 million gain from the sale of its insurance agency operations to Bishop Street Underwriters, which was completed in August of this year. At the same time, the company also recorded a net income of $53.3 ... Read the full article

Wright Flood partners with Orange to co-brand flood policies

8th November 2024

Wright National Flood Insurance Company has announced its partnership with Orange Insurance Exchange (Orange) to co-brand flood policies. Wright Flood will service, administer, and issue flood coverage under the National Flood Insurance Program (NFIP) for Orange policyholders and agents. Patricia Templeton-Jones, President of Wright Flood, expressed excitement about the new partnership, stating, ... Read the full article

SageSure partners with new reciprocal exchange Auros

7th November 2024

Managing general underwriter SageSure and Auros Reciprocal Insurance Exchange, a Mississippi-domiciled property insurer, have partnered to launch homeowners solutions to Louisiana and Mississippi. Auros is the third reciprocal exchange formation supported by SageSure, following the introduction of SureChoice Underwriters Reciprocal Exchange (SURE) and Elevate in 2021 and 2022, respectively. This new reciprocal ... Read the full article

2024 hurricanes a stark reminder of persistent protection gap for flood coverage, KBRA

4th November 2024

As the 2024 hurricane season enters into its final month, KBRA, the global full-service rating agency has highlighted the uptick in storm activity as several weather systems made landfall in the southeastern United States. Readers will be aware that Florida and a number of other states in the region were impacted ... Read the full article

Allstate sees net income and revenue growth despite higher cat losses in Q3’24

31st October 2024

The Allstate Corporation has reported it was able to generate “excellent” returns in the third quarter of 2024 despite higher catastrophe losses, seeing its net income applicable to common shareholders improve to $1.2bn, compared to a net loss of $41mn loss seen in the same quarter last year. Catastrophe losses for ... Read the full article

Porch receives approval from TDI to set up an insurance reciprocal exchange, PIRE

28th October 2024

Porch Group, a homeowners insurance and vertical software platform, has been approved by the Texas Department of Insurance (TDI) to form and licence Porch Insurance Reciprocal Exchange (PIRE), a new homeowners insurance reciprocal exchange. PIRE's establishment aligns with Porch's strategy to increase profitability and stabilise earnings in its insurance reporting segment ... Read the full article

HCI subsidiaries assume approximately $200m of in-force premium from Citizens

24th October 2024

Florida-domiciled insurtech, HCI Group, Inc.’s insurance subsidiaries have successfully assumed over 42,000 policies totalling approximately $200 million of in-force premium from Florida’s state-backed insurance company, Citizens Property Insurance Corporation. HCI confirms the assumption of policies by the two insurance subsidiaries became effective on October 22nd, 2024. HCI's subsidiary, Homeowners Choice Property & ... Read the full article

Your search for “homeowners”