It is not breaking news that property and casualty insurance companies have been struggling with mounting claims, many from natural disasters that have become more frequent over the last decade. However, rumbling among the insurance industry’s chattering class has zeroed in on roof claims. “The bottom line is that the frequency of claims submitted for…
An eye-opening report published by The Hanover Insurance Group showed that between February 2023 and 2024, more than half of U.S. homeowners did not check their roofs for issues, among other household maintenance concerns. The report shows that, in the aggregate, less than 40% of survey respondents nationwide reported checking for roof issues, including damaged…
Oklahoma’s State Insurance Department announced this week that it would begin a grant program in 2025 to encourage people to install storm-resistant ‘Fortified’ roofs. The grants would help offset the more expensive roof systems by 10-15%. The program, first reported by KOTV in Tulsa, Okla., will require specific steps for the installation by roofers certified…
As every Floridian can tell you, obtaining property insurance in recent years has been challenging. More and more insurance companies have dropped their coverage for property owners, or they have shuttered their businesses altogether. And for those home and business owners who have secured coverage, premiums have skyrocketed. In December, Florida lawmakers tried to address…
Working with insurance companies can be a frustratingly slow bureaucratic process for many roofing contractors. They can slow down a job and often don’t give you the resources to fix a client’s roof. However, many roofing contractors could be doing more to help their clients by taking the time to fix some of the ways…
