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Coloradans paying more for home insurance than the average American

COLORADO SPRINGS, Colo. (KKTV) -Homeowners in Colorado are facing insurance costs that are $894 above the national average, a surge of 52% in just the last five years, driven by the state’s susceptibility to wildfires and hailstorms.The high frequency of these natural disasters...

Are Captives the Answer for Uninsured HOAs? Utah Opens Door

When actuary Greg Fears attended a Western Region Captive Insurance Conference in April, he expected to learn and share information about emerging uses of captives for commercial risks, including trucking captives—a recent focus of his...

Citizens Homeowner Insurance rate hearing Thursday for proposed rate increase

TALLAHASSEE, Fla — The Office of Insurance Regulation (OIR) is holding a public hearing on a proposed rate increase for Citizen Property insurance in 2025.In June, our Nadeen Yanes reported on the 14% proposed rate hike that will impact more than one million...

Texas ranks 3rd in the U.S. for wildfires

WICHITA FALLS, Texas (KAUZ) - In a recent study by Lending Tree, Texas ranked 3rd for the most at-risk state of wildfires in the United State with expected loses of $240 million dollars annually. Texas had more than 7,500 wildfires in 2023. “A...

Yes, Denver, you pay more in home insurance than people in other states – Insurance News

The cost of Denver homeownership is just one piece of what makes living here so ridiculously expensive. Home insurance prices don't help. Nationally, homeowners pay an annual average of $2,230 for $300,000 in home coverage. Meanwhile, here in Denver, residents are paying $3,344 a year, according...

Gov. Roy Cooper calls out Republican lawmakers on bill blocking building codes

RALEIGH, N.C. (WECT) - Nearly one year after state lawmakers passed House Bill 488, effectively banning building code updates, Gov. Roy Cooper and other leaders say it’s hurting North Carolina.Cooper says the ban makes homes less safe and could cost neighbors affordable home...