Recent Property Insurance Changes

SB639 - Modifies law regarding residential property insurance

RESIDENTIAL INSURANCE - Under this act, an insurer may cancel a homeowner's policy if physical changes in the property insured have significantly increased the ...

Where homeowners insurance rates have risen the most - CNBC

Climate change, inflation and industry woes have caused premiums to soar nationwide. ... Homeowners insurance rates rose dramatically between 2023 and 2024, ...

Why home insurance rates are rising fast across the US – climate ...

Millions of Americans have been watching with growing alarm as their homeowners insurance premiums rise and their coverage shrinks.

Wind, Fire, Water, Hail: What Is Going on In the Property Insurance ...

This has, in turn, required primary insurers that rely upon reinsurance for risk transfer to make major changes in insuring homeowners and other ...

Climate Change, Disaster Risk, and Homeowner's Insurance

As risk and costs increase, premiums will increase as well, which may make insurance less affordable for homeowners. If state regulators do not ...

Home Insurance Rates in America Are Wildly Distorted. Here's Why.

Climate change is driving rates higher, but not always in areas with the greatest risk.

Rising Insurance Costs and the Impact on Housing Affordability

From 2017 to 2022, homeowners insurance premiums rose 40% faster than inflation. Recent estimates for the national average cost of homeowners ...

Homeowners insurance costs are going through the roof. Here's why ...

Millions of Americans face rising homeowners insurance rates as natural disasters linked to climate change increase costs for insurers.

2024 Home Insurance Trends and Predictions | Report

Another prominent trend was a significant increase in home insurance deductibles. New policies with All Other Perils (AOP) deductibles between $2,000 and $2,500 ...

Recent Property Insurance Changes

Amends the Unfair Insurance Trade Practices Act to conform to changes made to the prompt pay laws by reducing the requirement to pay undisputed amounts of ...

The Home Insurance Crunch: See What's Happening in Your State

The data show that homeowners insurance was unprofitable in 18 states last year, up from eight in 2013. Most of those states are in the interior of the country.

US homeowners insurance rates jump by double digits in 2023

The nationwide calculated weighted average premium rate increase for owner-occupied homeowners insurance was 11.3% through Dec. 29, 2023.

Facts + Statistics: Homeowners and renters insurance | III

Property damage, including theft, accounted for 97.8 percent of homeowners insurance claims in 2022 (latest data available). Changes in the percentage of each ...

Changes to Citizens under new law will help with depopulation efforts

Among the new laws that went into effect July 1, includes a bill that will make changes to Citizens Property Insurance, also known as ...

Climate Change and U.S. Property Insurance: A Stormy Mix

American homeowners already coping with extreme weather now face a new risk: disappearing property insurance. Private companies have ...

How to Switch Home Insurance Companies | Bankrate

... current provider before finalizing any changes. While you can switch homeowners insurance at any time, it may be more cost-effective to wait ...

Homes in parts of the U.S. are "essentially uninsurable" due to rising ...

Where California homeowners are losing insurance coverage. The change in insurer-initiated non-renewals shows that some zip codes in wildfire- ...

Opinion | As home insurance premiums spike, governments must act

Home insurance rates are spiking across the country, and they're only going to worsen as floods and fires intensify.

Why Did My Homeowners Insurance Go Up? (Updated October 2024)

The increase in expensive natural disasters and higher-than-average labor and construction costs have caused home insurance rates to skyrocket.

Florida's Insurance Commissioner Provides Update on Continued ...

The news follows announcements by Progressive, and State Farm and the approval of multiple new property insurers since the state's 2023 landmark ...