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Soaring Property Insurance Rates Threaten Affordable Housing Development

Las Brisas is a sprawling, two-story 68-unit apartment building in central Houston that resembles a motel. Since buying the property in 2012, local community developer Avenue has operated it as affordable housing, with rents as low as $720. As the neighborhood began to...

How much higher could insurance rates climb this year?

Predictions are coming in on how high Florida's home insurance rates will increase this year.A new report from digital insurance agency Insurify predicts insurance premiums will rise in the U.S. by 6% for the remainder of this year.Several states will see larger increases,...

Insurance prices skyrocket in disaster-prone states

The cost of insuring a home in the U.S. has surged nearly 20 percent since 2021 as insurers raise prices to hedge against mounting climate risk and other economic factors, new data shows. It could get worse. Homeowners across the country are expected to...

Bloomberg Evening Briefing: US Home Insurance Premiums May Hit a Record

US home insurance rates are expected to reach a record high this year, with the biggest increases occurring in states prone to severe weather events, according to a new analysis. The average premium for homeowner insurance in the US is expected to hit...

Consumer Watchdog wants mandatory coverage for wildfire-safe homes

Consumer Watchdog wants mandatory coverage for wildfire-safe homes | Insurance Business America ...

Fire Chasing May be Latest Iteration of Unscrupulous Tactics

Fire chasing may be only the latest example of some public claims adjusters and contractors using aggressive and underhanded tactics to tap into property insurance payouts. In hurricane-prone Florida, a state with more than its share...