News
Florida Legislature passes bill that could impact condo owners’ insurance
10+ hour, 13+ min ago (136+ words) By Gary Fineout | 03/11/2026 06:41 AM EDT State Sen. Joe Gruters is sponsoring a bill that would shift condo owners out of Citizens. Phil Sears/AP TALLAHASSEE, Florida " The state's insurer of "last resort" would be required to steer condominium building owners…...
Western states want insurers to clarify homeowner wildfire risk
2+ day, 10+ hour ago (139+ words) By Saqib Rahim | 03/09/2026 06:38 AM EDT A multistate effort aims to educate policyholders about their danger " and how they can reduce it to receive premium discounts. A wildfire burns in Oregon, where state lawmakers want property insurers to clarify wildfire risk…...
Pritzker cites property insurance ‘crisis’ to urge new regulation
2+ week, 5+ day ago (215+ words) By Saqib Rahim | 02/20/2026 06:11 AM EST The Illinois governor is personally urging state lawmakers to approve changes that would make it harder for insurers to raise rates. Illinois Gov. JB Pritzker warned of a property insurance "crisis" during his State of…...
Senate Republicans ask FEMA to halt current federal flood insurance risk pricing
1+ mon, 6+ day ago (134+ words) By Katherine Hapgood | 02/05/2026 06:04 AM EST The lawmakers look to get rid of the new pricing over premium costs rising and homeowners dropping their coverage. Several Senate Republicans on Tuesday urged the Federal Emergency Management Agency to terminate the National Flood…...
New California bill would speed up post-disaster property insurance claims
2+ mon, 3+ day ago (230+ words) By Camille von Kaenel | 01/08/2026 06:11 AM EST State Sen. Steve Padilla introduced the bill on the eve of the one-year anniversary of the Los Angeles wildfires. Policymakers are still thinking about insurance changes a year after the Los Angeles wildfires. John…...
This Western state allows insurers to skip wildfire coverage
1+ mon, 2+ week ago (1290+ words) By Thomas Frank | 01/22/2026 06:32 AM EST A new Nevada law aims to contain premiums by letting property insurers exclude wildfire from standard homeowners" policies. The Caldor Fire burns near homes near South Lake Tahoe, California, in September 2021. Nevada homeowners near Lake…...
As insurers inspect home damage with drones, one state seeks limits
1+ mon, 3+ week ago (218+ words) By Saqib Rahim | 01/16/2026 06:13 AM EST Oklahoma's insurance commissioner wants to bar property insurers from denying claims or coverage based solely on aerial imagery. Oklahoma Insurance Commissioner Glen Mulready, shown while he was in the state Legislature in 2017, wants to restrict…...
California insurance risk skyrockets past Florida and Texas
1+ mon, 4+ week ago (221+ words) By Thomas Frank | 01/14/2026 06:30 AM EST The state insurer of last resort now has more than $700 billion in potential claims liability. An aerial view of houses being rebuilt in an area torched by the Palisades Fire in Los Angeles. Jae C. Hong…...
State Farm: Illinois tried to block other states from company data
2+ mon, 2+ week ago (179+ words) By Saqib Rahim | 12/23/2025 06:15 AM EST The insurer, fighting to protect internal records, said the Illinois insurance regulator made "improper efforts" to push aside other state regulators. Illinois Insurance Director Ann Gillespie, shown in 2021 when she was in the Illinois Legislature,…...
Homeowners drop flood insurance as FEMA rates rise
2+ mon, 3+ week ago (198+ words) By Thomas Frank | 12/16/2025 06:28 AM EST Withdrawals are increasing as the government hikes its premiums to in part compensate for damage associated with climate change. A neighborhood in Burlington, Washington, is flooded Friday. Stephen Brashear/AP Nearly a quarter-million households have…...