JACKSONVILLE, Fla. – A major change is coming for more than half a million Florida homeowners insured through Citizens Property Insurance, and those who don’t comply risk losing their coverage.Flood insurance will soon be mandatory for most Citizens policyholders, regardless of whether their...
Property insurance costs have gotten so high in Miami, that more than one-in-every-five homes do not have coverage, a study from Valuepenguin found.Nationwide, in the nation's 50 largest metro areas, homeowners spend an average of 7% of their expenses on property insurance.But in...
Kin, the direct-to-consumer, digital home insurance provider, raised an oversubscribed $50 million Series E financing, at a pre-money valuation of $2 billion.
The digital insurance tech firm also closed on a “$200 million debt facility, $145 million of which was used to repay an...
As the "home insurance crisis" expands in scope, insurers have warned of liabilities exceeding a trillion dollars in one southern state, according to the Houston Chronicle.What's happening?In December, Harvard University's Joint Center for Housing Studies published a report about the home insurance crisis,...
