Maine Stands Out as Home Insurance Rates Hold Steady Amid National Spikes
While home insurance premiums rise across the U.S., Maine has maintained stability, experiencing a rate decrease in 2024. Geography and low disaster risk contribute to its resilience.
February 25
Insurance Industry
Legislation & Regulation
Property
Risk Management
Maine
Massachusetts
New Hampshire
Vermont
Rising Home Insurance Nonrenewals Reshape Housing Market Across the U.S.
As climate-driven disasters increase, nonrenewed home insurance policies are surging nationwide, impacting property values, mortgages, and economic stability in vulnerable communities.
December 30, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
California
Colorado
Connecticut
Florida
Lawmakers Push for UI Fraud Prevention While Improving Equity and Access
In response to pandemic-era unemployment fraud, lawmakers propose solutions to improve fraud prevention and equity in UI systems, leveraging technology and data-sharing practices.
September 18, 2024
Fraud
Insurance Industry
Legislation & Regulation
Technology
Alabama
Kentucky
New Jersey
Vermont
Homeowners Face 21% Insurance Premium Increase, Climate Change Cited as Major Factor
Homeowners insurance premiums surged by 21% from May 2022 to May 2023, largely due to severe weather events driven by climate change, leaving many homeowners with limited options.
July 29, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
California
Colorado
Florida
Idaho
Louisiana
Rite Aid Data Breach Impacts 2.2 Million Customers
Rite Aid, the third-largest US drug store chain, revealed that a data breach exposed sensitive information of over 2.2 million customers, including names, addresses, birth dates, and driver’s license numbers.
July 16, 2024
Insurance Industry
Litigation
Risk Management
Technology
Maine
Massachusetts
Oregon
Vermont
Effective Collaboration and Expert Management Drive Captive Insurance Success in Vermont
Vermont exemplifies the importance of teamwork and expert management in driving the success of captive insurance companies.
May 15, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
Vermont
States Begin to Implement NAIC’s AI Guidelines for Insurers, Marking a New Regulatory Era
With the adoption of NAIC’s AI framework by seven states, insurers face the challenge of implementing comprehensive AI governance and risk management programs.
April 11, 2024
Insurance Industry
Legislation & Regulation
Technology
Alaska
California
Colorado
Connecticut
Illinois
Vermont Communities Seek $3.5M for Home Elevation After Catastrophic Flooding
In response to devastating floods, Barre and Montpelier request $3.5 million to elevate homes, providing safer living conditions amid a housing crisis.
March 22, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Vermont
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
Vermonters Denied FEMA Assistance Due to Flood Insurance Lapses
Even as FEMA is working to dole out millions of dollars in grants to Vermonters hit by flooding in eight designated counties, some who received money following previous flooding -- but did not comply with subsequent insurance requirements -- are now learning they are not eligible.
July 31, 2023
Legislation & Regulation
Property
Vermont
Vermont Flood Losses Could Total Hundreds of Millions of Dollars
Economic losses from catastrophic flooding across Vermont earlier this week could reach into the hundreds of millions of dollars or higher, Aon PLC said in a report Friday.
July 17, 2023
Auto
Catastrophe
Property
Vermont
The Exceedingly Low Odds of Vermont’s Flooding Disaster
The rainfall that hit parts of Vermont on Monday had less than a 1-in-100 chance of occurring in any given year, according to federal flood data. And yet, for some residents, it brought a sense of déjà vu -- it rivaled the devastation of another so-called 100-year storm, Hurricane Irene, from a dozen years ago.
July 17, 2023
Auto
Property
Vermont
Vermont Allows Non-resident Adjusters to Assist with Flood Claims
In response to the State of Emergency declared by Governor Phil Scott on July 9, the Vermont Department of Financial Regulation has announced a measure to allow property and casualty insurance carriers to utilize individual adjusters who are not licensed in Vermont.
July 13, 2023
Auto
Catastrophe
Legislation & Regulation
Property
Vermont
Massive Rainfall Causes Millions in Damages in New York, Northeast
As many as 14 million people in the Northeast and New England were still under flood alerts this morning after a summer’s worth of rain fell in parts of New York, forecasters said.
July 10, 2023
Auto
Property
New York
Pennsylvania
Vermont
Attorneys General Request Hyundai, Kia Recalls Due To Prevalent Thefts
Seventeen state attorneys general have called on the federal government to recall millions of Kia and Hyundai cars due to their susceptibility to theft, which has been amplified by a viral social media challenge.
April 21, 2023
Auto
Subrogation
Arizona
California
Colorado
Connecticut
Illinois
