Which insurance companies are pulling out of Louisiana? Many insurance companies serving Louisiana have gone out of business over the past few years, including Lighthouse, Southern Fidelity and Gulfstream. Others have stopped selling homeowners policies in the state, or in certain hurricane-prone areas...
"They just paid so many claims over the years that it's financially not it's not paying out for them," Viso said. "And then the construction costs in California are just through the roof. And so I think between all those, that's playing into companies not writing or getting off of...
With larger providers limiting coverage or pulling out of Florida, the state's insurance market relies heavily on smaller local companies that count on reinsurers to assume risks they can’t afford. As the number of extreme weather events has increased, reinsurance costs in Florida have shot up...
The increasing frequency of extreme weather from hurricanes and wildfires to high winds and hail, are leading to disruptions in the insurance industry with some companies pulling out of states that are getting hit hard, such as Florida and California. Catastrophe losses at Travelers jumped to $1.48...
3 of the cheapest car insurance companies in Florida Here’s a closer look at the cheapest car insurance companies in the Sunshine State. Note that the right company for you will depend on your individual situation and needs. It’s a good idea to weigh the pros and cons of all your op...
However, getting multiple quotes can be hard for homeowners in places like Florida or Louisiana, where insurance companies have been pulling out due to climate risks and other factors. If you’re having trouble finding companies willing to cover your home, consult a knowledgeable independent agent....
That’s why insurance companies are now cutting back and pulling out of markets where they can no longer afford to sustain significant losses. The fire risk landscape is constantly evolving. And the insurance industry needs to change with it. ...
Los Angeles, Calif.-based Farmers Insurance Exchange has reached a settlement in a lawsuit involving alleged billing fraud by two radiological companies and their owners. The complaint alleges that two radiological corporations and their owners submitted false and misleading documentation to … Nebraska ...
Not only should you compare the best auto insurance companies based on their customer service scores and ratings, but you should also look at the coverage options they offer and their record of paying out claims. In order to choose the best car insurance company for you, you’ll also want ...
The rising threat of wildfires, and insurance companies pulling back on offering coverage in the large swaths of California at risk for these devastating disasters, has become a crisis for homeowners throughout the state. And while the state has recently taken steps to address the issue, those ...