Insurance Claim Policyholder Premium 
Triple-I: Homeowners Insurance
FEBRUARY 13, 2025
Tort reform is discussed as a legislative solution to the challenge of legal system abuse excessive policyholder or plaintiff attorney practices that increase costs and time to settle insurance claims. At least 38 of those events happened in the last five years, with 14 in 2023.
Shield Insurance Agency
AUGUST 20, 2024
Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with.
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Triple-I: Homeowners Insurance
MARCH 4, 2025
Claims-related litigation has significantly declined over the past two years, and premium averages are nearly flat, with several insurers requesting rate decreases from the states insurance regulator. In addition, the brief says, the number of insurers writing business in the state has rebounded after a multi-year exodus.
Triple-I: Homeowners Insurance
JANUARY 13, 2025
Only 30 percent are aware of premium savings for implementing mitigation measures. Seventy percent revealed they would be willing to pay higher premiums for better protection against future severe weather events. Fifty-four percent reported hiring public adjusters to handle repairs and insurance claims.
Triple-I: Homeowners Insurance
MAY 8, 2024
Insurers also benefited from a relatively mild 2023 Atlantic hurricane season and a meaningful increase in investment income, posting a net profit for the first time in seven years. One factor keeping upward pressure on rates is fraud and legal system abuse. With only 15 percent of U.S.
American Agents Alliance
FEBRUARY 7, 2025
This trend describes the phenomenon of unexpected rising insurance claim costs because of societal trends and views toward litigation. Unforeseen litigation costs can drive up the costs of claims unexpectedly and policyholders may feel they were not advised of their coverage adequately.
Property Insurance Centre
MARCH 19, 2024
By understanding key terms, policy details, and the rights and responsibilities of policyholders, consumers can engage with insurers more effectively, ensuring better communication and ultimately achieving their desired outcomes.
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