homeowners insurance News

Orion180 Launches Homeowners Insurance in Arizona

Orion180 is expanding its homeowners insurance services to Arizona under a push by the company into the Western U.S. Orion180 currently operates in Alabama, Arizona, Georgia, Indiana, Mississippi, North Carolina and South Carolina through its two insurance carriers. The company …

Hawaii Lawmakers Take Aim at Vacation Rentals After Wildfire Amplifies Housing Crisis

Amy Chadwick spent years scrimping and saving as a single mother of two to buy a house in the town of Lahaina on the Hawaiian island of Maui. But after a devastating fire leveled Lahaina in August and reduced Chadwick’s …

South Carolina Allows Out-of-State Adjusters After Massive Hail Storm

In the wake of last week’s widespread hail storm that damaged homes and automobiles, the South Carolina director of insurance said that emergency rules allow out-of-state adjusters and appraisers to work claims, as long as they are licensed in other …

California Sees Two More Property Insurers Withdraw From Market

California’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., plan to withdraw from the wildfire-prone state entirely starting in July. The two companies, units …

If US Inflation Reflected Rising Home Insurance Costs, It’d Be Even Higher

If the rising price of homeowners insurance were factored into the US Consumer Price Index — a key metric of inflation — it could have added 80 basis points, or about 0.8%, to last year’s CPI increase of 3.4%, according …

US Dog-Related Injury Claims Hit $1.12 Billion in 2023: Triple-I, State Farm Report

US insurers paid out $1.12 billion in dog-related injury claims in 2023 according to the Insurance Information Institute (Triple-I) and State Farm. The number of dog bite and related injury claims was 19,062 in 2023, an increase of more than …

The Risky Economics of ‘Going Bare’ Without Homeowners Insurance

Owning a home can feel like risky business, from coming up with the mortgage payment every month to worrying about disasters like fires or floods or tornadoes. But here is something riskier still: Going without home insurance in the U.S. …

California Green City Backers Advance Landowner Legal Fight

A company that bought property for a group of tech billionaires trying to build a sustainable city in northern California won a ruling advancing its lawsuit that accused landowners in the project’s target area of a conspiracy to drive up …

Hawaii Says 30 Lahaina Fire Survivors Are Moving Into Housing Daily But 3K Still in Hotels

Hawaii Gov. Josh Green said some 3,000 people displaced by Lahaina’s wildfires are still living in hotels more than seven months after the August blaze but that up to 30 people are moving to longer-term housing each day. Green told …

Viewpoint: The Impact of Climate-Driven Risk Reassessments on the Housing Market

One of the most pressing challenges facing insurance professionals today is the escalating impact of extreme weather events in traditionally disaster-prone areas. Last year alone, the U.S. witnessed a staggering $92.9 billion in weather-related damages, making it a record-breaking year …