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Wildfire insurance: California aims to lower costs for homeowners

California is moving to become the first state to lower insurance costs for property owners who make improvements to reduce their fire risk, officials said. ...

A $48.5M award: Jury finds property insurance covers COVID-19 losses

The legal team for Baylor College of Medicine believes that this was the first jury trial in the nation to tackle the issue of whether a commercial property insurance policy covered business interruption losses because of the pandemic.(Credit: Billion Photos/Shutterstock) A jury in...

Insurance Costs Rise Amid Climate Change Warnings – Forbes Advisor Australia

Insurance is getting more expensive amid warnings that some Australian homes will be uninsurable in less than a decade. The effects of climate change are widening the gap in home insurance affordability, presenting huge risks for homeowners living in parts of the country deemed...

Citizens Insurance coverage cap examined

Citizens Property Insurance Corporation’s website. With homeowners struggling to find coverage, insurance regulators are looking at the possibility of lifting a $700,000 cap on policies sold by the state-backed Citizens Property Insurance Corp. Citizens is barred by law from providing what is known as...

Home Insurance – Forbes Advisor Australia

For most people who own property, their home is their most valuable asset. It’s also where we centre our lives and ensure our basic needs are met. So, it’s only natural we want to protect this safe space. Home insurance can provide that peace...