Policyholders critical of State Farm General’s response to January’s firestorms won a court victory this week when a judge ruled a Pacific Palisades homeowner can probe the insurer’s claims handling practices during a rate hearing.In doing so, Administrative Law Judge Karl Fredric...
For years Florida homeowners faced skyrocketing insurance rates, but experts say legislative reforms are working and those premium increases have leveled off.One of the state’s top ten insurance companies is now seeking its largest rate decrease in its 20-year history.With the recurring risk...
Rising home insurance costs in climate risk areasHome insurance is a vital safeguard for protecting one of the most valuable assets many people own. However, in recent years, homeowners in climate risk areas have been facing steep increases in their home insurance costs....
When Hurricane Katrina threatened New Orleans in August 2005, Mona Lisa Saloy thought she was safe.Saloy, an author and educator who also served for several years as Louisiana's poet laureate, had inherited the 110-year-old “double shotgun” house in the mostly Black Seventh Ward...
Affordability is hampered by insurance
In addition to consumers, housing industry players are also feeling the strain caused by rising premiums.
“Affordability is already a challenge for homeowners and insurance is just another catalyst making it more difficult for a lot of consumers to continue...
Climate change is making home insurance costlier and, for some, harder to secure. According to one analysis, one in ten Australian properties will be uninsurable within a decade.
Insurance is vital to help people recover after a disaster damages or...
