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COLA: How much has your cabin insurance increased? – Park Rapids Enterprise

If you are like me, you have probably noticed an increase in costs for cabin or home insurance over the last several years.Like many of you, I’ve heard and read about the reasons...

‘Yes, rates are going up’

Wildfire risk in Northern New Mexico is reshaping the housing market. The Taos News reported that insurance companies are raising premiums or pulling out entirely, leaving homeowners in Taos County scrambling for coverage.  Rising construction costs and new risk-assessment models have triggered the issue....

State Farm increasing home insurance rates for Illinois residents by 27%

Home insurance claims costs are exceeding premiums collected, leading to "unsustainable" losses, the company wrote. Home insurance rates are ... Source link

State Farm plans big insurance hike for Illinois homeowners – NBC Chicago

Homeowners in Illinois could soon see a large insurance rate increase under a recent filing in the state. State Farm revealed plans for a substantial rate hike due to what it said was an increase in catastrophic weather events. "Over the last several years,...