Sign in Subscribe

insurify

New Flood Insurance Marketplace Launches in Florida, As State Implements New Coverage Requirements | Insurify

HoneyQuote has launched a flood insurance marketplace, offering Florida homeowners another way to purchase coverage. The Florida-based digital insurance agency’s newest product comes as many Floridians face a new flood insurance mandate from Citizens, the state’s property insurer of last resort. Citizens now requires homeowners with $500,

10 States Where Tornadoes Increased the Most Over the Past 3 Years | Insurify

Spring 2024 was one of the most active tornado seasons on record, with four tornado outbreaks each causing more than $1 billion in damage.[1] Unusually warm temperatures have fueled more storm systems, which frequently develop into tornadoes.[2] Homeowners in high-risk states have seen premiums rise in response,

Smaller, More Frequent, and Severe Storms Are Growing Threats to Homeowners, Report Finds | Insurify

Hurricanes and wildfires may grab all the headlines, but property damage from smaller, more frequent storms is adding up fast, property insights company CoreLogic found in its 2025 Severe Convective Storm Risk Report. Severe convective storms, or severe thunderstorms, typically include hail, tornadoes, and straight-line winds. And they can

Why ‘Social Inflation’ Is Boosting Bodily Injury Claims and What Insurers Must Do Next | Insurify

The number of car accidents and basic insurance claims has been falling in recent years. But one type of car insurance claim is moving in the opposite direction: bodily injury. Government regulators and insurance industry groups say the number of property damage, collision, and personal injury protection (PIP) claims has

State Farm, California, and Consumer Advocates Reach Agreement on 2025 Emergency Rate Hike | Insurify

California’s largest home insurance provider can keep a 17% emergency rate increase it implemented last year in the wake of the Los Angeles County wildfires, under an agreement reached among the insurer, state regulators, and a consumer advocacy group. But State Farm, which commands about 10% of California’s

Financial Well-Being Largely Guides How Americans Plan to Spend Their Tax Refund | Insurify

This year, most Americans plan to use their tax refund toward financial goals, including car insurance. In fact, an Insurify survey of 1,000 Americans who anticipate receiving a refund in 2026 found 41% of respondents have used their tax refund to pay for car insurance in the past. And

California Homeowners Could Face 16% Insurance Rate Jump in 2026, Report Says | Insurify

California’s home insurance costs have long been moderate, despite the state’s higher cost of living, largely because of its strict regulatory environment. Still, the average cost of homeowners insurance rose 5% in the Golden State last year, and an even higher increase could be on the way in