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Minimum wage workers in Florida must work nearly 100 hours a week to afford housing: report

Video above: Florida property insurance concerns TAMPA, Fla. (WFLA) — Finding affordable housing in Florida seems to be a near-impossible task, and for those working for minimum wage, it may feel like a never-ending struggle. A new report from the National Low Income Housing...

Few have flood insurance to help recover from devastating Midwest storms

SOUTH SIOUX CITY, Neb. -- Rick Satterwhite's house backs up to the Missouri River, but flood insurance hadn't really seemed necessary -- until this week, when he had to pump water out of his basement after a round of destructive storms. It's not the...

Are Wildfires Raising Homeowners Insurance Rates in California?

Natural disasters have a way of ratcheting up the cost of homeowners insurance. In Florida, the threat of hurricanes and flooding amidst rising sea levels has caused insurance rates for homeowners near the water to rise as well. On the other side of...

Bill provides added protections should insurance firms fail – Sentinel and Enterprise

We’ve all seen the devastating destruction of property, and in some cases, the loss of life, due to violent weather events, most notably the unusually potent number of tornadoes that raked the Plains and Midwest this past spring.Under that rubble, there’s a residential...

State Farm Seeks Enormous Rate Increases in California to Prevent Insolvency

“This has the potential to affect millions of California consumers and the integrity of our residential property insurance market,” California Insurance Commissioner Ricardo Lara said in a statement provided to KQED. The department will closely examine State Farm’s financial stability, Lara said. “Using my authority...

I’m Not a Homeowner. Here’s Why the Home Insurance Crisis Keeps Me Up at Night

Living in San Francisco, I am surrounded by things out of my financial reach: self-driving Jaguars, Corgis pushed in $400 pet strollers and, most prominently: houses. I currently rent, but I entertain the notion that...