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State Farm seeks ‘massive’ insurance rate hike for California homeowners – Orange County Register

State Farm is again seeking to raise California homeowners’ insurance premiums — this time by an average 30%.The insurance giant, the largest provider in the state, is asking regulators to approve what would appear to be its steepest-ever rate hike in California, affecting...

Property insurance companies are facing lower costs – Marketplace.org

Global reinsurance rates are declining, which could save home insurers money; Boeing to recombine with Spirit Aerosystems; California law to take ... Source link

Minimum wage workers in Florida must work nearly 100 hours a week to afford housing: report

Video above: Florida property insurance concerns TAMPA, Fla. (WFLA) — Finding affordable housing in Florida seems to be a near-impossible task, and for those working for minimum wage, it may feel like a never-ending struggle. A new report from the National Low Income Housing...

Few have flood insurance to help recover from devastating Midwest storms

SOUTH SIOUX CITY, Neb. -- Rick Satterwhite's house backs up to the Missouri River, but flood insurance hadn't really seemed necessary -- until this week, when he had to pump water out of his basement after a round of destructive storms. It's not the...

Are Wildfires Raising Homeowners Insurance Rates in California?

Natural disasters have a way of ratcheting up the cost of homeowners insurance. In Florida, the threat of hurricanes and flooding amidst rising sea levels has caused insurance rates for homeowners near the water to rise as well. On the other side of...

Bill provides added protections should insurance firms fail – Sentinel and Enterprise

We’ve all seen the devastating destruction of property, and in some cases, the loss of life, due to violent weather events, most notably the unusually potent number of tornadoes that raked the Plains and Midwest this past spring.Under that rubble, there’s a residential...