HomeHome Insurance

Home Insurance

Climate change drives new storm: Vineyarders consider leaving island over home insurance hikes

This story is part of a CAI collaboration with the Martha’s Vineyard Times and reporter Sarah Shaw Dawson. The Times’ reporting on homeowners insurance can be found at mvtimes.com.Faced with the threatened loss of his home insurance, lifelong Chappaquiddick resident Bob Fynbo spent $70,000...

Reed: Federal Government Must Assist Flood Victims, Invest in Flood Resilience & Reauthorize National Flood Insurance Program

WASHINGTON, DC – After severe winter storms over the weekend caused major flooding and wind damage across several states, including Kentucky, Tennessee, Georgia, Virginia, and West Virginia, causing multiple deaths and leaving communities in disrepair,...

Los Angeles wildfires intensify political jousting over home insurance premiums

The timing could not have been better — or worse.The horrendously destructive and deadly Los Angeles wildfires erupted in January just as Insurance Commissioner Ricardo Lara’s historic and very controversial overhaul of how insurers calculate premiums was taking effect.On one hand, the disaster...

New bills target soaring Florida property insurance and housing costs. But experts warn it could backfire on homeowners

JACKSONVILLE, Fla. – With skyrocketing property insurance and the cost of housing among the biggest concerns for Floridians, according to a new UNF poll, two Republican lawmakers recently introduced a couple of bills aimed at giving relief to homeowners. However, some experts say...

Big homeowner rate hike from State Farm shot down by California regulator – Shasta Scout

Insurance Commissioner Ricardo Lara has rejected a request from State Farm to hike home insurance rates in California by 22% on average. The increase was billed by State Farm as an “emergency” measure after the...