U.S. insurers and homeowners face greater risks and higher costs as extreme weather events including hurricanes, wildfires and floods become more frequent and intense, according to S&P Global Ratings, New York.
Tag: Homeowners Insurance
Unpacking the Costs and Current State of Homeowners Insurance – June 20
Join MBA and industry experts for a conversation on how to understand the costs and navigate the complexities of residential homeowners’ insurance.
LendingTree: 1 in 4 Worry Their Home Will Be ‘Uninsurable’ in 2024
More than one-quarter of U.S. homeowners worry their homes will become “uninsurable” as rates continue to increase, reported LendingTree, Charlotte, N.C.
Fitch: U.S. Homeowners Insurers to See Improved 2023 Results on Premium Growth
Fitch Ratings, Chicago, said U.S. homeowners’ insurance is poised to post a statutory underwriting loss for 2022 reported results, as insurers continue to face above-average catastrophe losses and claims cost uncertainty from persistently high inflation and heightened macroeconomic volatility.