Florida homeowners’ insurance customers are giving up on coverage

Insurance customers - Florida - No thank you

Skyrocketing rates have sent many property owners to choose to skip policies altogether A recently released report has underscored the continuation and growth of a trend in Florida in which home insurance customers have chosen not to pursue coverage anymore due to sharp increases in the premiums they would need to pay in order to keep up their policies. The trend among insurance customers started to take off following Hurricane Ian For many property owners in the state, the premiums they are required to pay to remain insurance customers have…

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Colorado home insurance customers reel from new coverage struggles

Home Insurance - Person Stressed - Colorado Flag

Rates have been skyrocketing and property owners have been losing their coverage Residents of Colorado have been battling their way through the state’s home insurance market as rates head consistently skyward and coverage becomes increasingly difficult to get. The trend has been having an impact on the real estate market State residents seeking to buy a property or even simply wanting to keep the one they already have, have been facing new struggles, as they have been peppered with high prices, high interest rates, and massive property taxes. Beyond that,…

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Don’t Let Infringement Risks and Legal Troubles Be Your Reality

Infringement Risk - Copyright Infringement

Minimizing Infringement Risks: The Essential Role of IP and Brand Protection Intellectual Property (IP) and brand protection are essential for preserving a business’s identity, value, and competitive advantage. In the digital era, protecting these unique assets—ranging from inventions to trademarks—is more vital and challenging than ever. They not only differentiate your offerings but also cultivate customer loyalty and drive profits. Your brand, reflecting your company’s reputation and customer perception, is an invaluable asset. Safeguarding IP and your brand is about protecting your business’s core from misuse and infringement. This task…

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Louisiana Governor Landry signs property insurance package

Property Insurance - Signing into law

The package was backed by Louisiana Insurance Commissioner Tim Temple Louisiana Governor Jeff Landry has now signed into law a property insurance package that had the strong backing of the state’s Insurance Commissioner Tim Temple. The goal of the measure is to help the state overcome its current coverage crisis. The package is meant to make the state’s market more industry friendly Four bills were signed by Landry in the hopes of benefitting the property insurance industry by granting new freedoms for raising customer rates, canceling policies, and facing fewer…

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Gen Z’s Truth About Lying: A Tech Revolution in Insurance

Gen Z - Masks

In an unexpected twist, the high rate of insurance application falsifications by Gen Z has become a catalyst for technological advancements within the insurance industry. NerdWallet’s 2024 Insurance Dishonesty Report reveals that 42 percent of Gen Z-ers have admitted to lying on insurance applications to secure better rates. This trend, while initially alarming, is driving significant innovation in how insurers handle data and assess risk. Generational and Gender Perspectives on Insurance Dishonesty Emerging trends highlight a generational and gender divide in attitudes towards insurance dishonesty. Men are generally more inclined…

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