News
Property insurance is becoming the latest climate weapon
2+ hour, 18+ min ago (192+ words) By Saqib Rahim | 05/01/2026 06: 10 AM EDT Advocates are trying to block fossil fuel projects in energy-hungry Asia by convincing insurers not to cover or invest in them. A technician walks under power lines at a coal plant in Jakarta, Indonesia. Irwin…...
Pritzker cites property insurance "crisis" to urge new regulation
2+ mon, 1+ week 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…...
States are demanding property insurance records to study climate change
1+ day, 9+ hour ago (957+ words) By Saqib Rahim | 04/30/2026 06: 27 AM EDT An unprecedented nationwide data collection will show where storms and wildfires are causing large insurer losses and rate hikes. After a tornado hit St. Louis in 2025, Missouri officials used data to learn that 70 percent property…...
8 ways the federal government could help with property insurance
2+ week, 4+ day ago (173+ words) By Saqib Rahim | 04/13/2026 06: 16 AM EDT GAO surveyed insurance officials, advocates and regulators to suggest federal roles for cutting insurance rates and increasing availability. The deadly wildfires in Hawaii in 2023 cost property insurers billions of dollars. Major disasters across the U. S. have…...
Wildfire report ups pressure on California to overhaul insurance, utilities
3+ week, 1+ day ago (194+ words) By Camille von Kaenel | 04/09/2026 06: 21 AM EDT The state-commissioned study lays out options from liability overhaul to state-backed insurance. SACRAMENTO, California " A quasi-public California agency is urging sweeping changes to the state's electric utility and property insurance systems to avoid escalating…...
Florida Legislature passes bill that could impact condo owners" insurance
1+ mon, 3+ week 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
1+ mon, 3+ week 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…...
Senate Republicans ask FEMA to halt current federal flood insurance risk pricing
2+ mon, 3+ week 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
3+ mon, 3+ week 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
3+ mon, 1+ 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…...