Sign in Subscribe

business

Two Large California Pet Insurers Set to Hike Rates in 2024 | Insurify

More than 84,000 California pet owners could see double-digit rate increases for their pet insurance coverage this year. In April, the state’s Department of Insurance approved significant rate increases for Metropolitan General Insurance Company and American Modern Home Insurance Company. Metropolitan, which sells pet policies through MetLife

8 Insurers Get Greenlight to Enter Florida Home Insurance Market | Insurify

Increasingly expensive claims and litigation drove multiple insurers from Florida, but property owners now have a few more options. Eight property and casualty insurers received approval to enter the Florida market in April, the Florida Office of Insurance Regulation (OIR) shared in a news release. The insurers are Ovation Home

Texas Says Insurers Must Drop Drivers Who Obstruct Liability Claims | Insurify

Texas auto insurers can now decide when a policyholder hasn’t cooperated with the company’s investigation, settlement, or defense of a liability claim — and drop the driver when their policy comes up for renewal. After giving drivers written notice and 10 days in which to cooperate, insurers must now

FL Regulators: Execs of Bankrupt Insurers Illegally Took New Roles | Insurify

Florida law bars executive officers and directors who’ve worked for now-insolvent insurance companies from taking similar roles in the state’s industry. But a number of insurers are ignoring the so-called “no-fly” rule that took effect in 2002, the Tampa Bay Times reports. Industry executives have

Colorado Travel Insurance Regulations Take Effect | Insurify

Colorado residents may find their summer vacations a bit more relaxing this year. The state’s new regulations for travel insurance take effect Aug. 7. The Travel Insurance Model Act, signed into law by Gov. Jared Polis in April, applies to travel insurance that covers Colorado residents and any travel

Mobile Home Insurer Cancels Policies in Florida | Insurify

Finding affordable insurance coverage is getting even more difficult for Florida homeowners as American Mobile Insurance Exchange (AMIE) announced it’s canceling mobile and manufactured home policies across the Sunshine State. Florida’s Office of Insurance Regulation is supervising AMIE’s runoff after the insurer cited $15 million in losses

Rising Home Insurance Rates Hamper Customer Satisfaction and Drive Policy Shopping, Study Finds | Insurify

Surging home and renters insurance rates are eroding customer satisfaction and pushing policyholders to shop for new options, according to J.D. Power’s 2024 U.S. Home Insurance Study. Home and renters insurance costs have surpassed inflation, the study finds. Car insurance rates have increased as well, though less