Browsing: Property Insurance

As hurricane season begins, Florida’s property insurance market remains unprepared despite recent reforms.

Brian Hodgers secured a comfortable victory in the June 10 special election for Florida House District 32, defeating Democrat Juan Hinojosa with 55% of the vote.

Recent research reveals that FEMA is significantly underestimating the number of properties at risk of flooding, potentially leading to a housing market crash.

Colorado has enacted a new law requiring insurance companies to consider homeowners’ wildfire mitigation efforts when assessing premiums, potentially leading to lower insurance costs for residents in fire-prone areas.

As climate change intensifies hurricanes, wildfires, and severe storms, home insurance premiums are skyrocketing across the United States. In response, some states are pioneering innovative strategies to encourage homeowners to retrofit their properties against disasters by offering insurance discounts and financial incentives.

New legislation backed by Rep. Rashida Tlaib would ban insurance rate-setting based on census tracts and credit scores, practices that disproportionately affect Black drivers and low-income communities.

As climate-related disasters increase, homeowner insurance becomes more expensive and harder to secure. Some states are pioneering ‘climate-proof’ construction to mitigate these risks, offering insurance discounts for homes built or retrofitted with disaster-resistant features.

Property insurance costs are skyrocketing across the United States, leaving homeowners and renters struggling to afford coverage. As natural disasters become more frequent and severe, the need for effective solutions has never been more pressing.

The House-passed reconciliation bill includes provisions that could penalize states for providing health coverage to certain immigrant populations, potentially leading to significant cuts in coverage for vulnerable groups.

The Michigan Department of Insurance and Financial Services is reminding residents to review their insurance coverage during National Homeownership Month