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Pennsylvania Task Force Urges Tax Breaks for Flood Damage, Mitigation and Insurance

Insurance Journal

Pennsylvania lawmakers should consider granting homeowners tax breaks for water damage expenses, mitigation and repair costs, and flood insurance premiums, according to a new state report. Those are several of the recommendations by a task force that studied ways to …

Damage 246
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Explaining Deductibles After Multiple Florida Hurricanes

Insurance Journal

They provide some premium relief for the insured. They make insureds less likely to file smaller claims because either damage falls within the deductible, or is so close to it that the policyholder would rather not … Deductibles serve several purposes.

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What to Know About Deductibles After Multiple Florida Hurricanes

Insurance Journal

They provide some premium relief for the insured. They make insureds less likely to file smaller claims because either damage falls within the deductible, or is so close to it that the policyholder would rather not … Deductibles serve several purposes.

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Does Commercial Property Insurance Cover Water Damage?

Tosten Marketing

Water damage can wreak havoc on commercial properties, leading to costly repairs and business disruptions. Commercial property insurance water damage coverage is a complex topic with many nuances. What Water Damage Does Commercial Property Insurance Cover?

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High Condo Premiums a Top Issue in Hawaii Legislative Races

Insurance Journal

Then came the letter from her condo association announcing a 300% increase in insurance premiums, … Jillian Anderson was planning to make fighting crime in Waikiki the top issue in her campaign for a seat in the Hawaii House of Representatives.

Premium 147
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Viewpoint: New Year, Old Challenges for European Insurers

Insurance Journal

In motor-related material damage in particular, claims inflation is still outpacing the Consumer Price Index, and we could see primary insurers continuously increasing premium rates in 2025. The European insurance sector saw high levels of claims inflation in 2024. While …

Premium 147
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What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

For example, the cost of repairing damaged property like vehicles and homes could increase because these items rely on imported goods, which will be more expensive after tariffs are increased. Rising expenses could perhaps cause higher insured values, leading to policy adjustments and higher premiums. Education is often the first step.

Agents 52