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Why Florida’s car insurance premiums are the most expensive in the US

ORLANDO, Fla. – Auto insurance premiums increased an average of 20% nationally as of December of last year, the largest annual national increase since 1976, according to the U.S. Bureau of Labor Statistics.In Florida, it’s worse.Floridians are paying 24% more in car insurance...

Allstate reveals full-year loss | Insurance Business America

Allstate reveals full-year loss | Insurance Business America ...

‘We have the solution’ to insurance crisis, lawmaker says

A Florida lawmaker appeared before a House subcommittee this week with a plan he said will solve the state's insurance crisis."We have the solution," state Rep. Spencer Roach, R-North Fort Myers, said.His bill, cosponsored with state Rep. Hillary Cassel, D-Dania Beach, calls for...

Bipartisan congressional letter urges insurance commissioner to reject homeowners’ rate hike

RALEIGH — Republican Rep. Greg Murphy (NC-03) is one of several members of Congress from North Carolina to join a letter to state Insurance Commissioner Mike Causey outlining concerns over a steep proposed rate hike of 42.2% for homeowners’ insurance in the state and...

Homeowners insurance rate hikes see setbacks

KINSTON, N.C. (WITN) - Controversy has been brewing ever since insurance companies asked the state to approve a price hike in homeowners insurance rates.With the average rate hike request of 42.2%, homeowners like Charlotte Corey say it would be difficult to afford a...

States with the least affordable homeowners insurance

Colorado Insurance cost for homes with $300K coverage: $3,308 Cost compared to national average: +87% Increase in average insurance rate from 2022 to 2023: 12% Photo: Joseph Sohm/Shutterstock New York Insurance cost for homes with $300K coverage: $1,942 Cost compared to national average: +10% ...