As home insurers flee California, the state’s last-resort insurance plan is warning that it’s being pushed toward insolvency, forced to cover a rapidly growing number of properties that have lost traditional coverage and unable to collect enough in premiums to cover potential losses.
The...
Whether you're a new homeowner who's knee-deep in a gut renovation or you're making necessary upgrades to your forever home, you might think that every home improvement is simply a sunk cost. Don't despair, though. Home improvements can greatly increase the value of...
When we first met Veronica Solomon in 2022, she was concerned about a $1,300 increase to her homeowner’s insurance premium.
“The first thing that goes through my mind is, ‘Am I going to be able to afford my house?’” Veronica said.
Two years later, she...
Republican Florida Gov. Ron DeSantis has been generating headlines for nearly a year since publicly stating twice that he's worried about state-run Citizens Property Insurance being able to handle claims in the wake of a major hurricane.On CNBC on Feb.28, the governor said,...
With State Farm General Insurance Company (SFGIC) announcing it will be exiting more California property risks starting in mid-2024, ALIRT Insurance Research has noted that state homeowners and commercial property insurance markets will likely continue to face pricing and availability pressures.
SFGIC’s recent pull...
