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Which state expects to see largest increase in home insurance premiums in 2025?
[ad_1] States such as Hawaii, Iowa, and Minnesota will see a 15% rise in premiums, while Florida, which already holds the title of the most expensive state for home insurance, will see an additional 9% increase, pushing the average premium to $15,460 by the end of 2025, according to the report. [ad_2] Source link

Court lets insurance, mortgage servicing claims move forward after wind damage denial
[ad_1] In an order issued March 20, Judge Henry T. Wingate of the US District Court for the Southern District of Mississippi denied motions to dismiss filed by PennyMac Loan Services, LLC and Caliber Home Loans, Inc. The ruling allows plaintiffs Ashley C. Guerdan and Catherine E. Guerdan to proceed with their lawsuit, which includes…

NY appellate court sides with warehouse owner in insurance dispute
[ad_1] Lok-N-Logs, Inc., which owns a warehouse in the Village of Sherburne, Chenango County, filed a claim with Leatherstocking Cooperative Insurance Company after copper and brass were stolen from the building’s electrical and plumbing systems during a break-in in April 2020. Leatherstocking denied the claim, invoking policy exclusions that bar coverage for vandalism when a…

Insurance moves: AXA XL, BCBSM, Liberty Mutual, W.R. Berkley and Brown & Riding
[ad_1] They include a new head of cyber and a new president of middle market [ad_2] Source link

Property insurance market "on guard" ahead of another hurricane season
[ad_1] Rate relief and added capacity are giving insureds a break… but for how long? [ad_2] Source link

HUB International launches new offering for high-net-worth clients
[ad_1] The offering is powered by Insureon, HUB’s digital marketplace for small business insurance. The platform provides clients with access to coverage options from over 30 insurance carriers, including general liability, commercial auto, property, business owners, cyber, and errors and omissions. HUB Private Client Risk Advisors also assist in aligning business insurance with clients’ broader…