What's causing Americans to drop home insurance coverage?

Property ... American homeowners are increasingly opting out of home insurance coverage, motivated by rising premiums and perceptions of lower ...

Soaring insurance costs are making more homeowners go without it

The number of American homeowners without insurance has jumped to 12% from 5% in 2019. · The spike in uninsured homes is being driven by a ...

Just how doomed is home insurance? - Vox

If a massive typhoon hits Taiwan and causes extensive insured losses, reinsurers may have to raise their premiums for retail insurers, who would ...

Why more and more homeowners are dropping insurance

One 2023 estimate, released by the industry group Insurance Information Institute, concluded that 12 percent of homeowners had no insurance in ...

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

There is certainly a relationship between climate risk and what insurance companies charge for coverage in case of damage from extreme weather.

Why Americans Are Suddenly Losing Their Home Insurance

Many homeowners in the U.S. are losing their home insurance policies. Major insurers like State Farm and Allstate are no longer offering new ...

The home insurance market is crumbling. These owners are paying ...

The home insurance market is crumbling in New Orleans, leaving Alfredo Herrera with few options for coverage — and skyrocketing insurance ...

Homeowners insurance costs are growing fast but coverage is ...

Industry experts cite several reasons for losses, from increasing damage caused by weather-related catastrophes to lower investment yields, to ...

Home Insurance in Crisis - Milken Institute Review

The Consumer Federation of America estimates that between 2017 and 2022 home insurance premiums outpaced general price inflation by 40 percent.

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.

Americans declining to buy homeowners insurance as premiums soar

More Americans are declining to buy home insurance due to increasingly expensive premiums -- leaving them at considerable risk.

The Possible Collapse of the U.S. Home Insurance System - YouTube

Across the United States, more frequent extreme weather is starting to cause the home insurance market to buckle, even for those who have ...

Rising home insurance rates predicted in 2024

Severe weather is the biggest factor driving up home insurance rate hikes, according to Insurify's analysis. Citing the Environment Protection ...

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

As climate change makes disasters more frequent and severe, the insurance industry is in tumult. Losses have been spreading beyond states ...

Why Home Insurance Costs So Much—and How to Pay Less

Insurance experts generally agree that two major forces have pushed insurance premiums skyward: more frequent severe weather events, and the ...

Insurers such as State Farm and Allstate are leaving fire - CNBC

... in climate-dangerous markets, leaving many homeowners without affordable property insurance options ... What happens when a homeowner can ...

States beg insurers not to drop climate-threatened homes

Property insurance companies have sustained major losses as natural disasters intensified by climate change have caused billions in damages.

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

Extreme weather is spurring some insurers to exit states like California and Florida, while homeowners grapple with surging premiums.

How climate change could cause a home insurance meltdown - NPR

Insurance companies in states like Colorado, Louisiana and Florida are paring down business to shield themselves from ballooning losses as climate change fuels ...

Soaring Insurance Costs Could Force House Prices To Fall—and ...

Insurers are increasing premiums for homeowners, dropping longtime customers, and exiting risky parts of the country as climate risks grow.