[ad_1] If floodwaters outside a warehouse in Freeport, Texas, owned by private investment firm Postlane Partners rise to 8 inches, an internet-connected sensor will trigger an automatic $3 million payment…
Tag: Property/Casualty Insurance
Home Insurance Is So High in This Florida Town, Residents Are Leaving
[ad_1] In West Palm Beach’s historic Flamingo Park neighborhood, those who own their homes outright are dropping their insurance, and some who can’t are selling their homes. [ad_2] Source link
Homeowners Flock to Last-Resort Insurance Policies
[ad_1] Hundreds of thousands of people nationally are signing up with state insurers of last resort as home insurers pull back from disaster-prone areas. [ad_2] Source link
The Brash Strategy That Made Vivek Ramaswamy a Fortune
[ad_1] Updated Sept. 9, 2023 10:51 am ET Vivek Ramaswamy was a novice biotech entrepreneur in 2016 with no advanced medical training and no record of developing drugs. Copyright ©2023…
Americans Are Bailing on Their Home Insurance
[ad_1] Some homeowners who are skipping coverage said they can no longer afford rising premiums. [ad_2] Source link
This Gen-Z Lemonade Might Sour
[ad_1] Insurtech venture Lemonade has gained a foothold among young urban renters, but executives may be getting too financially creative in flattering the numbers of an unproven business model. [ad_2]…
Wildfires and Thunderstorms Are Throwing Insurance Market Into Turbulence
[ad_1] Smaller but more frequent catastrophes are a primary driver of changing rates and coverage. [ad_2] Source link
Climate Risk a Major Challenge for Insurance Industry, Treasury Says
[ad_1] The agency said state regulators need to build on their so-far “limited” efforts at getting the industry to address climate change-related risks. [ad_2] Source link
Car Insurance Rates Are Soaring With Little Relief in Sight
[ad_1] Even states with consumer friendly laws, and tough powers to veto increases, are allowing rates to rise. [ad_2] Source link