HomeHome Insurance

Home Insurance

California FAIR Plan seeks 35.8% home insurance rate hike

The FAIR Plan, California’s last-resort insurance program for homeowners needing fire coverage, is seeking approval for steep rate hikes averaging 35.8%, though some policyholders could actually see their premiums drop. Under the proposal, sent to state regulators Sept. 29, insurance costs would increase for...

Oklahoma lawmakers investigate high homeowners’ insurance costs

ISSUE. YEAH, GUYS, IT’S EASY TO THINK THAT WEATHER WOULD BE A BIG FACTOR IN THIS, BUT LAWMAKERS ARGUE SURROUNDING STATES HAVE SIMILAR SEVERE WEATHER TO US, BUT THEIR RATES ARE LOWER. FOLKS WHO ARE TRYING TO SELL THE PRODUCT, FRANKLY, ARE STRUGGLING...

Government shutdown could slow Florida home sales. New federal flood insurance frozen – Insurance News

The government shutdown that began this week furloughed thousands of federal workers, froze essential government functions across the nation — and also halted an essential part of Florida’s booming real estate market. During a shutdown, the federal government cannot write or renew new flood...

The Fresno-Madera housing boom has majorly cooled off

What's at stake? Gov. Gavin Newsom set a target this June to increase housing production by 500% in the next five years. For Fresno, that's 13,000 new homes a year. But the numbers are already trending in the wrong direction. Fresno is on track this year...