Homeowners insurance in Oklahoma is way through the roof, and car insurance is on the rise, too, especially since COVID, thanks to inflation, the weather and possibly climate change.Oklahoma is the most expensive state for homeowners insurance, in fact, averaging $5,317 per year,...
Many Californians are struggling to insure their homes. State lawmakers failed to make a last-ditch effort to change the industry before their legislative deadline.
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New home buyers — and people getting dropped from their existing coverage — have had a tough time finding homeowners insurance this summer in California as more and more major insurers stop writing new policies in the state.State lawmakers spent recent weeks...
At least five major property insurers in the United States are reducing coverage in response to extreme weather patterns, leaving many American homeowners exposed to natural disasters without essential protection.Allstate, American Family, Nationwide, Erie Insurance Group and Berkshire Hathaway told regulators that severe...
San Francisco might not be the only California colossus in a so-called “doom loop.” The property and casualty insurance market is experiencing a crisis of its own, and the consequences are dire for the entire state economy.
Here’s one recent example. In August, California-based...
