Latest Personal insurance News

Growing wildfire risk leaves states grappling with how to keep property insurers from fleeing

Apr. 29, 2024 21:14 PM EDT

BOISE, Idaho (AP) — Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news — their property insurance won't be renewed because their insurance company has deemed the risk too high. It's a problem that has played out...

Analysis: Florida insurers made money last year for first time in 7 years

Mar. 25, 2024 11:58 AM EDT

ORLANDO, Fla. (AP) — Florida insurance companies made money last year for the first time in seven years, thanks to investment income and a mild hurricane season, according to an analysis conducted by S&P Global Market Intelligence. A group of around 50 insurers reported $147.3...