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Wildfire risk leads to questions about the future of homeowners insurance

BOISE, Idaho — Idaho had a devastating wildfire season in 2024. According to the Idaho Department of Insurance nearly one million acres burned, around 200 structures were destroyed and that included around 40 people losing their home because of wildfires."It was difficult and...

State Farm OK to Hike California Home Insurance Rates — For Now | Insurify – Insurance News

State Farm can raise homeowners, renters, condo, and landlord policy insurance rates in California — at least until April 8, when the state's largest property insurer must prove in a public hearing that it really needs the increase. If it fails to make its...

Home Improvement Projects That Are Tax Deductible in 2025

It may not feel like it when you’re writing checks left and right in the middle of a renovation project, but home improvements can actually save you money in the long run. In addition to boosting your home’s property value, preventing potential damage,...

California insurance commissioner to question State Farm’s financial stability in April hearing

California Insurance Commissioner Ricardo Lara has allowed a provisional emergency interim State Farm home insurance rate increase following the January wildfires while raising questions about the company’s financial stability. The CDI said in a press release...

‘Can have significant ripple effects’

People look to insurance companies for help after environmental disasters, but a report has shown how the industry's investments might contribute to these catastrophes. What's happening? Capital & Main published an article exploring the link between insurance companies and Big Oil. According to the piece,...

CA Insurance Commissioner demands State Farm justify rate hike request in public meeting

CALIFORNIA (FOX26) — California Insurance Commissioner Ricardo Lara announced on Friday, he would approve State Farm's emergency request to raise home insurance rates on one condition.He says the insurance giant will need to show data to prove there is a need for an...