Agency Insurance

06/05/2024

Thank you to our 2024 Golf Scramble Sponsors!

05/08/2024

Home Insurance rate increases, 59% from 2018-23 in some states. This is just the beginning of major changes to how homes will be insured. If you haven’t seen these yet ,expect to soon; minimum 2% wind/hail deductible, minimum deductibles of $2,500 and depreciation schedule for roof surface coverage. In some cases, you may see even more restricted/limited coverage for roof surface/shingles. Be prepared for these and much more.

03/21/2024

2024 could be a tough year for clients. State Farm Insurance Co. will not be renewing some 30,000 California homeowners, rental dwellings and residential community associations and business owners property policies. The company reported it is also pulling its commercial apartment line from the state and will not be renewing around 42,000 of those policies.

03/01/2024

https://www.insurancebusinessmag.com/us/news/property/condo-insurance-woes-strike-hawaii-479482.aspx?hsmemberId=990873&tu=cf84ca25-97f4-4ec2-b0c0-5e12eb404910&utm_campaign=&utm_medium=20240301&_hsmi=296439580&_hsenc=p2ANqtz-8XlwURqoUfhrHtNAKTtf56_bpmPZvyR8tbIsbc8QLSoeFWPwRQVX1zOUmNrtFyYo8bh0DdYtRLhD6y5fRSAxXm6SDWXN8cuGSusEa3kKGmqHmEHKo&utm_content=cf84ca25-97f4-4ec2-b0c0-5e12eb404910&utm_source=

Insurance costs are skyrocketing – sometimes by 1,000%

02/03/2024

Are you taking these 12 steps to ensure company success in 2024? From reviewing last year's performance to pursuing continuous improvement, take the time to address these foundational items.

01/24/2024

Breaking: Major carrier latest to pull out of California homeowners insurance; California homeowners insurance exit follows Allstate, State Farm, USAA pull backs

The Hartford has become the latest insurer to pull back from homeowners insurance in California.

The Hartford will no longer offer new personal property insurance coverage in California from February 1, a spokesperson confirmed to Insurance Business.

01/06/2024

Is the writing on the wall for us in MT?

In CA experts predict rate hike of an average of 20% throughout the state. But that number could be higher or lower for individual policyholders. People who live in wildfire-prone areas will likely see some of the biggest increases.

Finding affordable homeowners insurance in California is getting harder for new homeowners.

State Farm announced it would not write policies due to increasing costs and increasing wildfire risks.

That was a blow to potential buyers since State Farm is the largest insurer in the state.

All State, the fourth-largest insurer, also announced it would not write newer policies.

And Farmers, the second-largest insurer, is limiting how many policies it would write.

12/15/2023

Another carrier bites the dust in Montana MONTANA PERSONAL LINES
Non-Renewal of Auto, Home, and Umbrella

After further evaluating our in-force Austin Mutual Insurance Company (AMIC) personal lines business in Montana, we have made the decision to non-renew auto, home, and umbrella coverage in the state.
We will begin non-renewing umbrella policies on Jan. 9, 2024. We will begin non-renewing auto and home policies on Jan. 14, 2024.
This action follows our decision to no longer accept new business effective Oct. 15, 2023, and later.
Non-renewal notices will be mailed to policyholders within required timelines.
We value and appreciate your partnership with Main Street America Insurance.

09/19/2023

https://news.yahoo.com/column-home-insurance-climate-change-100003831.html?

Even as insurers flee California, lawmakers couldn't hammer out a deal to fix the collapsing market. Inaction will only make disasters more expensive.