According to a new report from Matic, the homeowner’s insurance market has shown signs of stabilizing roughly two years after major premium hikes and coverage challenges. Even though premiums are high, trends in the insurance industry show that a slowdown in premium growth may be coming. Here is a brief overview of the report and […]
The Louisiana Legislature, in a special session last week passed and funded legislation that is designed to deter insurers from leaving the Louisiana homeowners market. Recent hurricanes have caused financial stress for insurance companies operating in the state. In addition, several insurers have gone into insolvency. Experts have made comparisons between the Louisiana insurance market […]
In yet another lousy week for the Florida property insurance market, an agency set up by the state that is designed to handle claims once an insurance company is insolvent, approved a plan to borrow $150 million, putting policyholders around the state on the hook for paying back the loan. The Florida Insurance Guaranty Association […]