Two more new home insurers — one opened by Silicon Valley …

ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up for Dispatches, a newsletter that spotlights wrongdoing around the country, to receive our stories in your inbox every week. Reporting Highlights A Special Deal: In a moment of …

Homeowners insurance profitability has improved following underwriting responses in many global regions, despite growing catastrophe risks, Moody’s Ratings says. Insurers have faced elevated loss costs over the past five years, driven by inflation, rising …

Direct-to-consumer homeowners insurer Kin said it has raised an oversubscribed $50 million Series E financing, at a pre-money valuation of $2 billion. The digital insurer also closed on a $200 million debt facility, $145 million of which was used to repay …

AA Insurance has stopped selling home cover to new customers in New Zealand postcodes it has assessed as facing high risk of earthquakes. The restrictions were introduced in April. Head of underwriting Dee Naidu says AA intends to reopen cover to new …

Eight home insurance companies have been fined a total of $2.1 million for claims-handling misconduct, including failure to deny or pay claims on a timely basis, following hurricanes Ian and Idalia, the Florida Office of Insurance Regulation said on …

… costs is being shouldered by home insurers, who have paid millions in …

The costs of homeownership can add up quickly. Beyond the mortgage payments, homeowners face additional costs, like property taxes and home insurance, which can easily put pressure on household budgets. Since mortgage lenders tend to require homeowners …

Get ready for Viceroy Preferred Insurance Company, the latest in what’s shaping up to be a long line of fresh new property insurers competing to offer Florida homeowner policies. The Florida Office of Insurance Regulation on Thursday announced Viceroy as …

Two more property insurers started doing business in Florida this summer, boosting competition in a market clawing back from an insurance industry crisis. The new insurers bring the total number of insurers entering the state to 14 since early 2023 — …