Citizens shrinks as more policies move to private market in Florida

Health insurance sector: UnitedHealth Group, Elevance Health, Cigna, Humana, and Centene dominate the U.S. health insurance space, with a strong presence in Medicare, Medicaid, and group health plans. Despite challenges, such as rising healthcare costs and regulatory pressures, these companies are well-positioned to sustain growth, especially as the aging population drives demand for healthcare services….

Power outages can be extremely inconvenient and at times scary. Keeping on top of a simple stockpile can help make all the difference when an emergency strikes. In most cases, a blackout can be temporary. When storms hit, they can knock out the power for a few hours or even a few days. Having supplies…

“Clearing dead plants, removing wooden furniture, (these are) things people might overlook outside forested areas,” said Heron. “There will be more focus on how homes are rebuilt and the materials used, especially roofing. If a roof isn’t fire-rated to a certain degree or is past a certain age, insurers may change terms, offering actual cash…

With backing from Madison Dearborn Partners and later the Abu Dhabi Investment Authority, the firm has grown under CEO David Ross. Ardonagh has acquired assets in markets including Brazil, Spain and Italy. Last year, it purchased Australia’s PSC Insurance Group for an implied equity value of A$2.3 billion ($1.5 billion), taking the company private and…

For example, if someone with a homeowners policy liability limit of $300,000 is found responsible for $1 million in damages due to an accident on their property, their homeowners’ policy might cover part of the damages, but the remaining $700,000 could fall on the policyholder unless umbrella coverage is in place. Mercury’s umbrella insurance helps…

Flood insurance is evolving, but the challenges remain steep – from educating homeowners on the true risks, to bridging gaps in coverage, to navigating the balance between private and public insurers. As the risks increase, the industry will have to adapt quickly. And for Templeton-Jones, that means one thing above all: “The education has to be…