Remove Insurance Industry Remove Policyholder Remove Premium
article thumbnail

Florida Legislators to Investigate Whether Property Insurers Used Accounting Tricks to Hide Profits

Property Insurance Coverage Law

A new investigation into Floridas property insurance industry is set to begin, raising significant questions about insurer profitability, financial transparency, and the true reasons behind skyrocketing premiums for policyholders.

article thumbnail

US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021

Insurance Journal

property/casualty insurance industry recorded a net underwriting gain of $3.7 “After years of consistent losses, premium growth is helping the overall … billion and net income of $94.6 billion for the first-half of 2024, according to a new report.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

The global economy is increasingly interconnected, and even in industries like insurance, global issues like supply chain challenges, tariffs, and trade agreements can have significant impacts. While the relationship between tariffs and insurance costs can seem unrelated, tariffs can increase costs for insurers and policyholders.

Agents 52
article thumbnail

Insurance Affordability, Availability Demand Collaboration, Innovation

Triple-I: Homeowners Insurance

Among the initiative’s goals is aggregating more data from insurers to better understand challenges to affordability and availability on state levels, which the NAIC can then translate into actionable policy proposals. We’re talking about why premiums are where they are.”

Premium 64
article thumbnail

New Triple-I Issue Brief Puts the Spotlight on Georgia’s Insurance Affordability Crisis

Triple-I: Homeowners Insurance

Tort reform is discussed as a legislative solution to the challenge of legal system abuse excessive policyholder or plaintiff attorney practices that increase costs and time to settle insurance claims. At least 38 of those events happened in the last five years, with 14 in 2023.

article thumbnail

Zywave Unveils 2025 Summer Launch: Revolutionizing the Insurance Ecosystem with Innovation Across the Lifecycle

Zywave

Zywave, a leading insurance technology provider, today announced its 2025 Summer Launch, introducing a suite of advancements designed to drive profitable growth and empower insurers and brokers in an environment of escalating risk.

article thumbnail

New IRC report indicates that Most Homeowners Expect to Experience Severe Weather in Future and Feel Prepared. 

Triple-I: Homeowners Insurance

Only 30 percent are aware of premium savings for implementing mitigation measures. Seventy percent revealed they would be willing to pay higher premiums for better protection against future severe weather events. Policyholders lose the ability to work through and settle the claim efficiently. However, the U.S.