Home Insurers Dropped 2 Million Policies as Premiums and Profits Rose
A new industry report finds insurer-initiated non-renewals jumped 61% in 2024 while inflation-adjusted homeowners premiums rose up to 43% from 2018; insurers also saw rising profits.
Insurers initiated non-renewals for about 2 million homeowners policies, a 61% increase in 2024, according to a new Insurify industry report. The report found inflation-adjusted premiums climbed as much as 43% from 2018 levels while insurers' profits also rose.