(Bloomberg) -- Seven property insurers in Florida went bankrupt in 2021 and 2022. The bankruptcies left thousands of homeowners scrambling to get new coverage, which often came with a big increase in cost. Worse, many had outstanding claims for hurricane damage that had...
As more and more insurance companies flee California, the state is facing its greatest insurance crisis in decades. How did we get here? And what can homeowners do to protect their investment?L.A. Times wealth reporter Laurence Darmiento wrote about it and joined Lisa...
NORTHSTATE, Calif. — A new state bill related to wildfire risk reduction could mean more insurance protections for homeowners.The bill being introduced by Democratic State Senator Josh Becker, known as SB 1060, would require property insurers to take wildfire risk mitigation efforts into...
Naples home prices keep soaring despite fewer sales and mushrooming inventory, the latest data shows.Five years ago, the overall median closed price was $335,000. Today, it's at $625,000, a 5% jump from a year ago, according to Naples Area Board of Realtors or...
If fixing Louisiana's property insurance crisis were easy, we would have done it already. That's the message state Senate President Cameron Henry, R-Metairie, delivered to a gathering sponsored by the Public Affairs Research Council recently.
He's got a point.
With that in mind, we offer...
