Not only are insurers raising premiums and imposing stricter underwriting standards, but lenders also are becoming more strict, all of which pumps up the costs for borrowers even more. "In response, investors have been forced to retain additional...
Florida has been struck by two big hurricanes this year, setting off a wave of damage and, of course, new insurance claims. As we all know by now, insurance rates in places like Florida, Louisiana, and California have jumped in recent years thanks...
Florida homeowners have told Newsweek they are being "ripped off" and put into financial difficulty as the state's largest home insurance provider moves to cut the number of its policies.Earlier this year, regulators in the Sunshine State approved proposals allowing private insurers to...
Kathleen Armstrong saw the smoke curling above the tree-covered horizon and turned on her scanner with bated breath. Mariposa was on fire again. It was the Fourth of July, a high-risk time in the California mountain town near Yosemite national park that had...
Just from what they’ve experienced over the years, California residents may suspect that wildfires have gotten more extreme amid a warmer and more drought-prone climate.A new paper in the journal Science puts that sentiment to the test, with startling findings: California fires...
LAKELAND — The shirtless man bent forward in his dining room Wednesday afternoon and tore a hunk of drywall away from the studs.The ruined material soon landed atop a growing pile in front of the man’s home on Pineville Lane in northwest Lakeland.Many...