Homeowners insurance premiums increased 10.4% nationally in 2024, with Nebraska seeing the highest jump. Insurers like American Family led rate hikes, while profitability improved industry-wide through aggressive pricing and better risk management.
The rise in homeowners insurance non-renewals in California is making it harder for many to secure coverage. This post explores the reasons behind this trend, the role of the California FAIR Plan, and how property conditions and new technologies are influencing insurance decisions.
The U.S. personal lines insurance industry, covering auto and homeowners sectors, faces challenges like underwriting losses and economic shifts, but advances in technology and risk management show promise for stability.
There are several key differences in the coverage provided by landlord insurance and homeowners insurance. We will help you choose which coverage best suits your needs.
Personal auto insurance companies increased their rates by an average of 2.1% countrywide in 2014, according to California-based insurance consulting firm Perr & Knight’s RateWatch reports.
The three states with the highest overall increases were:
Michigan: 5.2%
Georgia: 4.7%
Rhode Island: 4.2%
Homeowners insurers increased their rates by an average of 3.5% countrywide in 2014.
The states with the highest overall rate increases were:
Kansas: 8.5%
Texas: 7.8%
Montana: 7.7%Read More »RateWatch: in 2014 Personal Auto Rates Rose 2.1%, Homeowners 3.5%