Demand for green power brings risk considerations for homeowners insurers, as solar panels can sustain storm damage and pose fire hazards.
Homeowners insurers and their customers in Florida are navigating a turbulent market, and roof coverage figures prominently in the turmoil.
Supply-chain issues, labor shortages, and high demand for building resources are complicating factors as homeowners insurers head into 2022.
People spending more time at home seemed to ultimately help many insurers, as loss frequency declined in 2020 year over year across several categories.
Economic turmoil, lifestyle changes, and transitions to remote work amid the COVID-19 pandemic created a “new normal” for personal property insurance.
Ripples from the pandemic are reaching homeowners insurers as the new normal transforms the housing market in multiple ways.
Verisk sees significant opportunities for homeowners insurers to use geospatial data in property inspections.
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