Natural Disasters and Legal Pressures Are Driving Up Homeowners Insurance Costs Nationwide
Homeowners insurance is becoming less affordable nationwide as natural disasters, legal system strain, and rising repair costs drive premiums higher, especially in disaster-prone states.
June 11
Catastrophe
Insurance Industry
Litigation
Property
Alaska
Florida
Louisiana
Maryland
Mississippi
Motorcycles Help Beat Traffic but Safety Must Stay in the Fast Lane
Motorcycles can significantly reduce congestion, but riders and drivers alike must prioritize safety, especially in states where lane splitting is legal or gaining ground.
May 8
Auto
Education & Training
Legislation & Regulation
Risk Management
California
Montana
Utah
AI Analysis Reveals $2.15 Trillion in US Property at Risk from Wildfires
A new AI-driven study by ZestyAI finds that $2.15 trillion worth of U.S. residential property is at high risk of wildfire damage, affecting millions of homes beyond historically fire-prone regions.
February 27
Catastrophe
Insurance Industry
Property
Underwriting
California
Colorado
Kentucky
North Carolina
South Dakota
Wildfire Risk Intensifies in 2024: Over 2.6 Million Homes at High Risk in the Western U.S.
As of mid-2024, wildfires have ravaged millions of acres in the U.S., with over 2.6 million homes at moderate or greater risk, emphasizing the crucial role of insurance and risk management in protecting communities.
August 13, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Arizona
California
Colorado
Hawaii
Idaho
Regulatory Concerns Over Insurance Investments Impact Everton’s Prospective Purchase
State regulators in Utah and South Carolina challenge A-Cap’s financial ties with 777 Partners, complicating the firm’s bid for Everton FC amid broader concerns for policyholder security.
April 2, 2024
Insurance Industry
Legislation & Regulation
South Carolina
Utah
Homeowners Brace for Further Hikes Amid Climate and Market Pressures
As homeowners grapple with a 19.8% spike in insurance rates, projections show a relentless 6% increase into 2024, heavily influenced by climate change and severe weather patterns.
April 1, 2024
Catastrophe
Legislation & Regulation
Property
Connecticut
Florida
Illinois
Louisiana
Maine
Navigating the Complex Terrain of Data Privacy in Auto Insurance Claims and Repairs
With rising concerns over data privacy, the unauthorized use of personal information in auto insurance claims and repairs presents significant risks and implications for millions.
February 22, 2024
Auto
Legislation & Regulation
Technology
California
Colorado
Connecticut
Delaware
Hawaii
Navigating the New Terrain: How States are Reforming Tort Laws Amid Rising Litigation Challenges
In response to the surge in litigation costs and nuclear verdicts, various states have enacted significant tort reforms to balance corporate accountability and economic growth.
February 1, 2024
Insurance Industry
Legislation & Regulation
Litigation
Florida
Georgia
Indiana
Iowa
Kansas
Oregon Regulator to Probe PacifiCorp’s Liability Limit Request After Wildfires
Oregon’s utility regulator initiates an investigation into PacifiCorp’s request to limit future wildfire-related lawsuit liabilities, delaying the decision by up to nine months.
December 28, 2023
Catastrophe
Legislation & Regulation
Liability
Risk Management
California
Idaho
Oregon
Utah
Washington
Rising Natural Disasters and Economic Factors Lead to Increasing Homeowners Insurance Costs
Homeowners insurance affordability declines nationwide, influenced by increased natural disasters and economic factors, with significant state-to-state variations in insurance costs.
November 20, 2023
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
Louisiana
Mississippi
New Hampshire
Oklahoma
Homeowners Insurance Affordability Study Reveals Significant Variations Across States
A recent study by the Insurance Research Council reveals stark differences in homeowners insurance affordability across the United States.
November 14, 2023
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
Florida
Louisiana
Mississippi
New Hampshire
Tesla Insurance Expands, Now Available In 11 States
Tesla has expanded its insurance program to Utah and Maryland, taking the total number of states where it is available to 11. Tesla initially launched its insurance program in California in 2019, claiming that it is up to 30 percent cheaper than competing providers.
July 28, 2022
Auto
Arizona
California
Colorado
Illinois
Maryland
A New Utah Court Of Appeals Decision
A new Utah Court of Appeals decision recently came out that insurers may find helpful. The case involved an insurer, Truck Insurance Exchange (TIE), who declined to pay a UIM coverage claim after it was determined that the Plaintiff/Insured may have been at least 50% at fault for the accident.
June 13, 2022
Auto
Litigation
Utah
Sandstorm Contributed to Fatal 22-Vehicle Pileup on Utah Interstate
A sandstorm caused a huge 22-vehicle pileup on a Utah highway that left eight people dead, including children, authorities said.
July 26, 2021
Auto
Utah
Massive Ogden, Utah Fire Causes $3M in Damages to Multiple Properties, Vehicles
Firefighters remained on the scene Tuesday morning after a massive fire damaged five homes and an apartment complex under construction near 28th Street and Grant Avenue overnight.
June 30, 2021
Auto
Property
Subrogation
Utah
