When Hurricane Idalia slammed into Florida Wednesday morning, it became the eighth major hurricane to hit the Gulf Coast in the last six years. And it may not be the last; Atlantic hurricane season hasn’t yet peaked, and the Gulf of Mexico has...
Why Illinois insurance costs are rising
As natural disasters become more extreme and ] frequent due to climate change, some states are seeing higher home insurance rates, and Illinois is no exception. But inflation is a big part of it.
Game on for Midtown Athletic...
Hurricane Idalia is just the latest storm that threatens to raise the cost of homeowners' insurance.Last week's storm, which stretched from Florida's Gulf Coast to the Carolinas, could cost the U.S. economy up to $20 billion, and with up to 6,000 homes affected...
JACKSONVILLE, Fla — Florida leaders had been crossing their fingers in hopes Mother Nature would spare the state from a major hurricane this year, as the state’s property is in the early stages of recovery after facing total collapse last year.Thankfully, it seems...
The purpose of insurance is to pay for home repair work or replacement costs, so a quality insurance plan should cover the events (or perils) that cause significant, costly damage. Policies usually specify covered losses,...
As Hurricane Idalia barreled through Florida Wednesday, thousands of homeowners faced the possibility of rebounding without property insurance.In the past few years, nearly a dozen property insurers in Florida have liquidated. More have either left the state or restricted coverage, including Farmers Insurance,...
