Browsing: homeowner insurance

Consumer Watchdog’s lawsuit against California Insurance Commissioner Ricardo Lara has raised concerns about the stability of the state’s homeowner insurance market, potentially exacerbating an existing crisis in fire-prone regions.

A new study by Insurify projects that Louisiana and California will see the largest homeowner insurance rate increases in the U.S. this year, with Louisiana’s average annual premium expected to rise 27% to $13,937 and California’s increasing 21% to $2,930.