GETTING PREPARED
Florida's s state-backed insurer of last resort has purchased $3.56 billion in reinsurance cover for this year's potentially devastating hurricane season.
HNW Insurance Market Notes - July 2024
TOP OF THE LIST
Allstate, one of California’s largest insurers, wants to raise its homeowners’ rates by an average of 34%. The rate hike would impact more than 350,000 policyholders if approved by the state's Department of Insurance, according to the Los Angeles Times.
GEN Z DISTRACTED DRIVING
Risky driving behavior rises among younger demographics as distracted driving violations by
Gen Z increased 24% from 2022 and a staggering 66% in comparison to 2019.