Wallcrest Insurance Desk
Health, auto, home, life and liability cover — how policies, premiums and claims actually work.
Unlike traditional policies that pay for actual losses, parametric insurance pays a preset amount when a measurable trigger, like wind speed or rainfall, is hit.
Wallcrest Insurance Desk · 1m ago · 4 min read
A little-known clause in most commercial and many homeowners property policies can slash a claim payout if your coverage limit falls below a required percentage of your property's value.
1m ago · 4 min
A personal umbrella policy extends liability protection beyond your home and auto limits, but it only activates after those underlying policies pay out.
1m ago · 4 min
The agency put the eleven on its Preclusion List after identifying $3.4 billion of suspect billing across 2025 and 2026, including claims dated after beneficiaries had died.
1m ago · 3 min
Catastrophe bonds let insurers shift disaster risk to bond investors, who earn higher yields but can lose principal when a qualifying storm or quake strikes.
1m ago · 4 min
A proposed DFS regulation would end flex rating for private passenger auto and require express prior approval for any upward rate change from November 27.
1m ago · 3 min
Both decisions came out of state rate review on September 4. The published releases give the outcomes. Neither shows the arithmetic that produced them.
1m ago · 2 min
The difference between these two settlement methods can mean thousands of dollars after a fire, storm, or theft — here is how each one is calculated.
1m ago · 4 min
A report released September 3 puts the 2025 saving at nearly $3 billion against 2024 - $1.29 billion on homeowners, $1.70 billion on auto. It was commissioned by the American Property Casualty Insurance Association, which is a fact readers should hold alongside the numbers.
1m ago · 3 min
Governor Abbott's August 24 directive asks TDI to credit fortified roofs, stop age-based non-renewals and ban price optimization. A directive is not a rule, and Texas remains a file-and-use state.
1m ago · 3 min
Circular Letter No. 3 (2026) requires every pending motor vehicle rate filing to be amended with a new Exhibit TR-1 quantifying the effect of the changes.
1m ago · 2 min
Insured natural-catastrophe losses ran at about $42 billion against a $66 billion trend. Fitch's sample of 18 reinsurers wrote 6% less premium and earned an 18.2% return on equity.
1m ago · 3 min
During a lapse FEMA cannot write new or renewal policies. Existing policies stay in force to their expiration date plus a 30-day grace period, and claims keep being paid while FEMA has funds.
1m ago · 3 min
Rate filings from 276 insurers in all 50 states and DC show a second straight year of double-digit proposals, with medical trend and a sicker risk pool doing most of the work.
1m ago · 3 min
The FAIR Plan asked for 35.8% and got 29.1%, effective October 15. Behind the number is a residual market that has grown far faster than the private one it backstops.
1m ago · 4 min
Borrowing against cash-value life insurance can be tax-free, but an unpaid loan on a lapsed or surrendered policy can trigger a surprise tax bill.
1m ago · 4 min
A premium is an expected claims cost plus expenses, capital charge and margin. Everything else is how insurers estimate the first part.
1m ago · 6 min
Federal law gives homeowners the right to drop PMI once they build enough equity, but few borrowers use it because they don't know the rules.
1m ago · 4 min
State guaranty associations act as a financial backstop for insurance policyholders, but the protection has limits, gaps, and a slower claims process than most people expect.
1m ago · 4 min
State guaranty associations act as a financial backstop for insurance policyholders, but the protection has limits worth understanding before you need it.
1m ago · 4 min
Term cover buys a defined payout for a defined period. Permanent policies bundle that with an investment, and the bundle has a cost.
1h ago · 6 min
