Browsing: Hurricanes

Florida Governor Ron DeSantis has requested over $600 million in the 2025-26 budget to reduce homeowners insurance costs, with a focus on home-hardening programs and workforce housing initiatives.

The Office of Insurance Regulation is still considering a rate increase request by Citizens Property Insurance Corp. that could impact Florida homeowners.

Manufactured and mobile home owners in Florida are struggling to find and afford home insurance, leading to homes being put up for sale.

A recent report highlights the impact of climate change on home insurance costs, potentially affecting the entire homeowner’s market.

Heritage Insurance faced significant catastrophe losses in the fourth quarter of 2024 due to California wildfires and Hurricane Milton.

Rising home insurance costs in Florida, fueled by climate change, signal a looming problem for homeowners across the United States.

Skyrocketing home insurance rates and policy non-renewals are causing instability in real estate markets, particularly in high-risk disaster areas.

Unaffordable home insurance is impacting property values and sales, particularly in high-risk areas.

Florida Governor Ron DeSantis has requested more than $600 million in the state’s budget to help reduce homeowners insurance costs.

Soaring home insurance costs are having a significant impact on real estate markets, especially in high-risk disaster areas. This article explores the growing instability in the home insurance market and its potential consequences for home sales and affordability.