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States with the Fastest-Falling Home Prices - Insurify

Home values in some states began to fall at the end of last year and may continue to drop, according to the latest data from the S&P CoreLogic Case-Shiller U.S. National Home Prices NSA Index, the leading measure of U.S. home prices. Nationally, prices decreased

Healthy competition: Ranking the 25 largest home insurers in the US - Insurify

State Farm, Allstate Insurance, and Liberty Mutual ranked among the top three home insurers in the U.S., respectively. But even with their premiums combined, they only account for 34.68% of the homeowners' insurance market. In fact, among the top 25 home insurers by market share, no single

High Premiums Keep Florida Homeowners Stuck with State’s Insurer of Last Resort | Insurify

Florida homeowners who can’t find coverage from standard insurers turn to Citizens Property Insurance Corp. for affordable home insurance. Florida’s state-created home insurer of last resort currently covers more than 1.4 million properties — making it the largest home insurer in the state by far. Citizens, however,

NEXT Insurance Set to Raise $100M+ in Late VC Funding Round | Insurify

NEXT Insurance is raising at least $100 million — and as much as $250 million — in its latest round of funding, the industry news publication The Insurer recently reported. The Palo Alto-based insurtech company last raised $250 million in a March 2021 Series E round. NEXT Insurance has raised $881

State Farm, Kentucky Reach $1.35M Settlement | Insurify

State Farm, the largest U.S. auto insurer by market share, and the Kentucky attorney general’s office have reached a settlement over allegations that the insurer failed to adequately inform customers about available uninsured/underinsured motorist coverages. Under the agreement, State Farm will pay $1.35 million to reimburse

NY Law Cracks Down on Deliberately Low Auto Insurance Quotes | Insurify

Auto insurers in New York will soon have to use third-party information to verify driving history when a consumer applies for a policy. A new law requires insurance companies to use third-party information to verify driving history if the insurer uses a consumer’s driving record as a

Michigan Warns Car Insurers: Price Fairly or Face Penalties | Insurify

Engage in price optimization and face fines and other penalties. That’s the message from the Michigan Department of Insurance and Financial Services to insurers statewide. “When we see a failure to abide by the Insurance Code, we refer those cases for investigation and possible enforcement action,” Laura Hall, director