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Roof repair and replacement costs hit $31 billion – report
In 2024, roof repair and replacement costs totaled nearly $31 billion, a 30% increase since 2022. Roof-related claims represented over a quarter of all residential claim value, with wind and hail as the primary drivers. These two perils accounted for more than half of residential claims and non-catastrophic wind and hail claims have risen from…
State Farm, American Family mobilize after spring storms trigger thousands of claims
Property and auto damage span multiple states Source link
Bipartisan bill seeks to increase subsidies for crop insurance premiums
Currently, the federal government covers 68% of premiums for policies offering up to 80% revenue or yield coverage and 53% for policies at the 85% coverage level. Under the bill, those subsidy rates would increase to 77% and 68%, respectively, according to an analysis released by Sen. John Hoeven, R-N.D., one of the bill’s sponsors….
Condominium Insurance: The Policies You Need
Condominium associations are responsible for insuring the shared elements and more of their properties. From structural protection to liability coverage, having the right commercial insurance policies is critical to safeguarding the association and its members. Read on to hear from John Carroll, commercial staff underwriter at Central Insurance, as he explains why condominium insurance is…
Zurich North America appoints Chuck Kaiser as chief communications officer
Veteran strategist brings reputation expertise to support branding across two countries Source link
South Carolina senate passes liquor liability reform bill
Under the bill, joint and several liability rules would be modified so that businesses are required to pay economic damages in proportion to their share of fault in an incident. However, if a business is found to be more than 50% at fault, it would remain responsible for the full economic damages. Noneconomic and punitive…