Browsing: Property Insurance

Skyrocketing home insurance premiums are pushing homeowners to make a difficult choice: go without coverage.

Home insurance premiums are increasing due to the increased risk of extreme weather and the damage it causes. Experts are calling for changes to the industry that incorporate climate risk and incentivise homeowners to make homes more resilient.

A new bill, backed by Florida’s CFO, proposes funding home hardening grants through a trust fund fueled by sales tax revenue from hurricane-affected counties.

Skyline Insurance Group broadens its homeowners insurance services to new communities across Washington, emphasizing personalized service in a growing market.

Citizens Property Insurance Corp. experienced a significant reduction in policies, suggesting positive developments in the Florida property insurance market, although some lawmakers have expressed differing views.

Liberty Mutual Insurance is set to refund approximately $4 million to around 138,000 Louisiana policyholders after incorrectly applying the state’s property insurance assessment for several years.

A new bill in Florida may leave thousands of condo residents without state-backed insurance if their associations fail to complete mandatory structural integrity reserve studies.

Many California insurance companies commit to expedited payments for wildfire victims, but major insurers like State Farm decline, creating concerns.

Recent reforms and market stabilization are leading to lower homeowners and auto insurance rates in Florida, according to Governor Ron DeSantis.

California Insurance Commissioner approves a $1 billion assessment to the FAIR Plan, the state’s insurance safety net, in light of recent wildfires.