If you think homeowner’s insurance is boring, take heart! We promise to make this article as entertaining as possible. Read about all eight types of homeowners insurance below, (#8 is the best!) Popular Homeowner Insurance Coverages Most homeowners are familiar with the industry standard HO-3 policy. It typically includes coverage to rebuild a home after … Read more
As of January 1, 2025, several states have updated their minimum car insurance requirements. Virginia, Utah, North Carolina and California have all increased the amount of liability coverage one must carry to drive legally. Some consumers will not see a dramatic increase in their insurance prices, especially if they already buy more than the state … Read more
Key Takeaways: With cost of living increases and a fixed or partially-fixed income, affordable homeowners insurance for senior citizens is extremely important. Even where you live can impact your home insurance costs. We offer 14 practical strategies and discounts ideas that will keep insurance costs under control in this volatile marketplace. Annual insurance reviews can … Read more
Multi-car insurance policies offer consumers a chance to save some money on their auto policies. If your family owns more than one vehicle, it may be wise to put them all on the same policy. Of course, there are some situations where the benefits of multi-car insurance policies aren’t worth making changes to insurance policies. … Read more
Key Takeaways: It’s important to understand the difference between ‘replacement value’ and ‘market value’ which can significantly impact your insurance coverage. Ensure your homeowner’s insurance coverage meets the 80% rule which provides adequate coverage and is required by most insurance carriers and mortgage lenders. Be informed about the possible penalties and consequences if your insurance … Read more
The UK is the historical birthplace of the modern insurance industry and where the London Market emerged as a hub for global risk. How are industry dynamics and new domestic challenges in claims and pricing shifting the landscape? It’s London Calling. We mark the 4th anniversary of Insurance News Analysis with this special edition recorded … Read more
Strategic claims segmentation diverges from the traditional ways of managing claims, promoting a more detailed, data-driven approach. Traditional segmentation only considers the monetary value and data points such as the cause of loss and the exposure. Strategic segmentation considers the individual merits of each claim, ensuring more accurate and efficient adjudication, a major priority in … Read more
Risk used to be relatively simple. If a local bakery wanted insurance, you would worry about the structure, the location, how it operated and could have a pretty good view of its risk profile. Today that same business is far more complicated and interconnected: Third party Point of Sale systems are used to process transactions … Read more
Generative AI (GenAI) has the potential to transform the insurance industry by providing underwriters with valuable insights in the areas of 1) risk controls, 2) building & location details and 3) insured operations. This technology can help underwriters identify more value in the submission process and make better quality, more profitable underwriting decisions. Increased rating … Read more
In celebration of International Women’s Day, we are delighted to be part of a panel of extraordinary women leaders for this special edition of Insurance News Analysis. We discuss the strides being made toward gender equality and the work that remains. So, what is being done to recruit, retain and promote women in the insurance … Read more