After spiking premiums, nonrenewals and complaints about unpaid claims, more than 115,000 property owners in southwest Florida are now facing a new slap in the face after 2022’s Hurricane Ian: 25% higher flood insurance rates because local officials reportedly allowed …
Hawaii Gov. Josh Green said some 3,000 people displaced by Lahaina’s wildfires are still living in hotels more than seven months after the August blaze but that up to 30 people are moving to longer-term housing each day. Green told …
US home insurance rates are expected to reach a record high this year, with the biggest increases occurring in states prone to severe weather events, according to a new analysis. The average premium for homeowners insurance in the US is …
Homeowners are increasingly worried about hazards and rising insurance costs as temperatures rise in the U.S. A survey of nearly 2,000 U.S consumers shows 51% of homeowners are worried climate change-related hazards will affect their homes, while others polled worry …
Consumers expecting big savings from a National Association of Realtors’ class-action settlement over agent commissions may instead be in for a letdown. The agreement drew cheers from President Joe Biden, who said it “could save homebuyers and home sellers as …
Minnesota homeowners insurance complaints rose 108% from 2020 to 2023 on complaints from homeowners concerned their claims were denied or they faced high out-of-pocket costs after damage from wind and hail, according to the Minnesota Department of Commerce. The DOC …
One of the most pressing challenges facing insurance professionals today is the escalating impact of extreme weather events in traditionally disaster-prone areas. Last year alone, the U.S. witnessed a staggering $92.9 billion in weather-related damages, making it a record-breaking year …
A severe convective storm system spawned softball-sized hail and destructive tornadoes across the central U.S. last week, leaving meteorologists to speculate if warmer winter weather is behind the storm outbreak. As parts of the Midwest recover from the March 13-14 …
California’s property insurer of last resort told lawmakers that it’s financially unprepared to cover the costs of a major catastrophe in the state. The plan now faces $311 billion in potential losses, up from $50 billion six years ago, California …
Many years ago, as the holiday season wrapped our home in a festive embrace, a tranquil evening turned into a night we’d never forget. Our family was enjoying the warmth and peace of the season when a fire broke out, …