#homeowners-insurance

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US politics
fromSFGATE
6 days ago

5 Key Takeaways: Major Insurer's Homeowners Rate Hike a Signal of Things To Come

State Farm raises homeowners insurance rates by 27.2% in Illinois, citing climate-related losses and rising construction costs.
#replacement-cost
more#replacement-cost
fromwww.npr.org
2 months ago

Insurance costs are soaring around Tornado Alley. Hail is the big problem.

Hail is driving higher homeowners insurance rates more than tornadoes, despite tornadoes being more deadly.
fromwww.housingwire.com
3 months ago

Home insurance rates rise for most policyholders in 2024

The share of policyholders fearing their homes may become uninsurable has nearly doubled in a year, with younger homeowners expressing the greatest concern.
LA real estate
fromwww.berkeleyside.org
4 months ago

State Farm can hike rates on homeowners if it pauses cancellations and proves need

California's Insurance Commissioner will allow a 22% premium increase for State Farm under specific conditions, including a halt to policy cancellations.
Miami food
from24/7 Wall St.
4 months ago

10 Cities Where Americans Are Feeling the Pain of Surging Insurance Costs

Insurance costs are rising rapidly across the board, significantly affecting homeowners, especially in regions prone to severe weather.
SF parents
fromABC7 San Francisco
4 months ago

'My neighbor's toilet?': Bizarre list of reasons why insurance companies dropped CA homeowners

California homeowners face arbitrary insurance non-renewals citing nonexistent issues, creating an insurance crisis for many.
fromwww.nytimes.com
6 months ago

California Wildfires Threaten Insurers Already Teetering From Climate Shocks

"The California insurance market has been balanced on a knife edge... As homeowners begin filing claims, insurers that cover large numbers of dwellings in Southern California could see a drain on their financial reserves, forcing them to drop customers, be punished by investors or exit the state."
Digital life
Miscellaneous
fromFast Company
8 months ago

Climate change is driving a home insurance crisis. Here's how insurers assess risk

Homeowners insurance rates surged 11.3% nationwide in 2023, signaling a troubling trend amidst evolving risks and rising construction costs.
fromBusiness Insider
11 months ago

My insurance company spied on my house with a drone. Then the real nightmare began.

Insurance companies are using AI-powered drone surveillance for risk assessment, potentially leading to policy cancellation over minor issues.
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