It is a familiar scene: you open the renewal letter from your insurer, and the quote is much higher than last year, even though nothing has changed. So you phone up and complain, and maybe suggest you will take your business elsewhere. Suddenly...
By Charlene Crowell
(Trice Edney Wire) – For the first time in 30 years, rising home prices and interest rates have translated into a drop in existing home sales and worsening affordability challenges for middle class families.
Among the nation’s 46 million renter households, only...
Despite living in high-risk flood zones, less than 25% of homeowners in Harris County carry flood insurance, leaving many exposed to costly damage. In cities such as Bellaire and West University Place, officials are working to close that gap by investing in flood...
Insurance markets differ in important ways from state to state, and North Carolina’s stands out for two reasons. First, insurers responded to an exceptionally catastrophic storm in 2024—Hurricane Helene. The Tar Heel State bore $60 billion of the hurricane’s $80 billion in damages. Second,...
The 10 states where non-renewal rates are increasing the fastestClimate change is shifting and increasing financial risk for homeowners and insurers, leaving some underinsured or even uninsured for certain disasters. Reducing home insurance coverage is risky, but some homeowners may find it hard...
In California's most extreme wildfire zones, 1 in 5 homes has lost its insurance coverage since 2019, Forbes reported.What's happening?Over 150,000 households can no longer get coverage. In some ZIP codes, premiums have jumped over 40%. This is because insurance companies are fleeing...
