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Why are home insurance premiums going up? – NBC Bay Area

A South Bay family recently saw the insurance premium on one of their homes double, even though the property is not in a high-fire area. The significant jump comes as insurance companies cancel polices and hike rates across the country -- largely citing fire...

It’s not just property insurance going up in Florida, life insurance could be next | Opinion [Miami Herald] – Insurance News

Florida has long been a bastion of free market principles, which have attracted an increasing number of new residents and an influx of new businesses. The state has many unique qualities, including no personal income tax, which benefits individuals and businesses alike. While Florida...

What’s in DeSantis’ $1.07 Billion Florida Tax Relief Bill?

Gov. Ron DeSantis signed a $1.07 billion Florida sales tax relief bill into law on May 7. The legislation defines 2024 sales tax holidays and provides several tax cuts for businesses and families, including a one-year property tax exemption on home insurance premiums.In...

One of California's largest home insurance companies is raising rates by 15% on average

... homeowners' premiums in the face of growing wildfire risk. Travelers Insurance, the state's sixth-largest home insurer as of 2022, plans to update ... Source link

Travelers Insurance Announces Home Insurance Rates Going Up 15% In June – California Globe

According to a new Department of Insurance filing released on Monday, Travelers Insurance is to increase most policies in the state of California by 15.3% starting in June. For over a year, insurance companies have been slowly limiting policies, ending the allowance of new...