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Farmers Seeking 22% Home Insurance Rate Hike in Ohio | Insurify

Home insurance may be about to get more expensive in Ohio. Three Farmers subsidiaries — Farmers Insurance Exchange, Farmers Insurance of Columbus Inc., and Fire Insurance Exchange — submitted filings on June 18 to request home insurance rate revisions in the state. In a revision memo filed by Farmers Insurance Exchange, the

California Finalizes New Wildfire-Modeling Regulation to Mandate Coverage in High-Risk Areas | Insurify

If insurance companies want to use predictive formulas to justify wildfire insurance rate increases in California, they’ll have to write more policies in high-risk areas, under sweeping reform measures currently underway in the state. Commissioner Ricardo Lara aims to address the limitations of California’s Proposition 103, which

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

Holiday Shopping Trends 2024: 84% of Americans Plan to Buy Online, But Porch Pirates and Payment Plans Could Hamper Gift Giving | Insurify

Americans are putting a price tag on the holiday spirit, a new Insurify survey of more than 1,000 consumers reveals. Despite economic worries, U.S. shoppers plan to spend an average of $528 on holiday presents. But nearly four out of 10 online shoppers have experienced package theft — meaning

Suing Over an Insurance Claim Often Leads to Smaller Payout, Experts Say | Insurify

Most drivers and homeowners have probably seen advertisements from attorneys promising to get plaintiffs more claims money from insurance companies. But going through the courts — especially as a first resort — and involving third parties in insurance claims often doesn’t turn out the way policyholders hope. “There’s a cost

Got Flood Insurance? You’ll Be Able to Make Monthly Payments Come January | Insurify

Property owners who buy flood insurance through the National Flood Insurance Program (NFIP) will soon have a new, more flexible payment option. On Dec. 31, the Federal Emergency Management Agency (FEMA) — which oversees the NFIP — will break a 55-year tradition of requiring annual up-front payments for flood coverage

New Car Shoppers Face Harsh Price Reality, Report Finds | Insurify

High vehicle prices and problematic interest rates have kept many would-be car owners from buying a new vehicle. And the used market isn’t any better. An August report from Edmunds found that the buyer-friendly pre-pandemic vehicle shopping market created “skewed perceptions of affordability” for many current