In 2024, roof restore and alternative prices totaled almost $31 billion, a 30% improve since 2022. Roof-related claims represented over 1 / 4 of all residential declare worth, with wind and hail as the first drivers. These two perils accounted for greater than half of residential claims and non-catastrophic wind and hail claims have risen from 17% to 25% since 2022. This pattern underscores the rising influence of those dangers, which aren’t solely tied to catastrophic occasions.
“An enormous congratulations to our new companions. It has been a privilege witnessing their progress and development through the years. At Kennedys, our persons are our biggest aggressive...
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This submit is a part of a sequence sponsored by AgentSync. Are your producers uninterested in coming into (and re-entering) their solutions 5 other ways into slight variations...
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The figures mark a big enhance for the non-public flood insurance coverage sector, which has grown lately amid issues over the sustainability of the federal Nationwide Flood Insurance...
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This publish is a part of a sequence sponsored by Professional Insured. The insurance coverage trade is evolving shortly, and let’s face it-legacy methods gained’t be a part...
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Wildfires reverse fee moderation After indicators of stabilization in 2024, the business property market skilled renewed strain following main wildfire occasions. In January, the Palisades and Eaton Fires...
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