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Allstate to raise home insurance rates by average of 34% impacting CA homeowners

SAN DIEGO (KGTV)— It’s another blow to the pockets of thousands of homeowners across California. The California Department of Insurance gave Allstate the green light to raise its home insurance rate by an average of 34%—the state's highest in the last three years....

Progressive Insurance® Introduces Purpose-Driven Strategy and Initiatives to Help People Move Forward and Live Fully

Insurer's purpose unifies and reaffirms the brand's long-standing efforts to drive progress on the road, in the home, and in business MAYFIELD VILLAGE, Ohio, Aug. 29, 2024 /PRNewswire/ -- Progressive Insurance® is building upon its long-standing efforts to support its customers and the communities...

Florida property insurance crisis: Why 1 expert says 'more competitive rates' may be on the horizon

Florida property insurance crisis: Why 1 expert says 'more competitive rates' may be on the horizon. Source link

What’s the latest on Citizens’ 14% rate hike request?

WEST PALM BEACH, Fla. — WPTV is tracking the latest on a 14% rate hike request from Citizens Property Insurance — Florida's insurer of last resort.A decision was expected this week but no announcement has been made yet. WPTV reporter Matt Sczesny is...

Climate Change, Disaster Risk, and Homeowner’s Insurance

Climate change heightens the risks of wildfires and other natural disasters. As insurance payouts for losses sustained in those disasters increase and as uncertainty about future losses grows, people in many high-risk areas have faced difficulty obtaining or affording insurance coverage for their...