Live Insurance News

Homeowners insurance trends show claims and losses are falling

November 8, 2016November 4, 2016 Logan B.

A LexisNexis report has found that home carriers are riding a positive wave at the moment. LexisNexis has released a report saying that homeowners insurance trends are good for providers right now. The claims are decreasing while the loss costs have been either falling or remaining flat. This U.S. insight was published in the 2016 LexisNexis Home Trends Report. The homeowners insurance trends report took into account that there was only one major hurricane this year in the United States. Moreover there was a decline of 30 percent from 2010…

Most common and costly homeowners insurance claims

April 15, 2016April 16, 2016 Julie Campbell

A recent analysis conducted by The Travelers Companies has revealed some significant trends. According to the results of a homeowners insurance claims data analysis conducted by The Travelers Companies Inc., weather incidents were the cause behind more than half of all the filings that were made by policyholders. Among the events that were most commonly at fault were wind, frozen bursting pipes and leaky roofs. Despite the fact that the most common homeowners insurance claims were those caused by weather damage, it was the fire damage claims that were the…

Insurance claims in Tennessee rise following recent storms

July 23, 2015July 22, 2015 Julie Campbell

The state has been experiencing some fierce weather in certain areas, leading to thousands of dollars in damage. This summer has been quite the stormy one, so far, in parts of Tennessee, and along with that weather has come thousands of dollars in property damage which has, in turn, led to a spike in insurance claims. The state is now issuing recommendations for filing those claims, to help consumers and prevent fraud. As the state anticipates that a large number of consumers will be filing insurance claims with their providers…

New Jersey homeowners insurance legislation results from report outcomes

February 20, 2015February 18, 2015 Julie Campbell

A lawmaker in the state has now introduced a bill to stop premiums from skyrocketing after one claim. A recent homeowners insurance study brought to light a certain issue with regards to the significant raising of premiums for New Jersey customers after they had made one claim on their policies. The report showed that this issue was present across the country, but New Jersey took this to heart. The results were reflected in an insuranceQuotes.com data analysis that determined that after one homeowners insurance claim had been made in 2014,…

Insurance news shows that while burglaries are dropping, claims are rising

October 14, 2014October 11, 2014 Julie Campbell

Burglar Alarm Discount homeowners insurance news

A recent report from an insurer has shown that break ins aren’t as common but they are more expensive. Over recent years, insurance news has been reporting that victims of burglaries are increasingly discovering that their homeowners policies are falling short of the amount that would be required to replace some of their valuable possessions, as thieves have started to focus on small and expensive items that are easy to sell instead of large and bulky items such as big screen TVs. While people focus on making sure that their…

Homeowners insurance company warns of Friday robbery spikes

July 22, 2014July 19, 2014 Julie Campbell

According to a data analysis conducted by Aviva Canada, home burglaries dramatically rise in summer months, too. While the majority of us may look forward to Fridays because it means that we’re headed toward a weekend of fun and relaxation, a homeowners insurance company is now warning property owners to take extra precautions on that day as it is also a favorite time for burglaries. A large national home insurer has conducted a data analysis and showed that certain times are far worse than others. Aviva Canada’s data analysis showed…

Ensuring your insurance claim gets paid

January 18, 2014January 17, 2014 S.Vagus

Insurance claims can be tricky Insurance claims are generally straightforward, but they can become quite tricky to manage, especially when natural disasters strike. When a person falls ill and must receive medical care or when a property is damaged by a powerful storm, an insurance claim is generated. These claims are not approved by insurance companies outright and insurers typically investigate the claims they receive to ensure that they are not fraudulent. At times, even honest claims are rejected by companies because the claimant did not provide enough information or…