News
99% of U.S. counties have flooded over the last 30 years — yet only 4% of American homeowners have flood insurance
1+ day, 20+ hour ago (680+ words) Tom and Carrie Bashaw spent years building their dream home. The couple, both approaching 80, started construction in Wailuku, Maui, in 2020. Their house sat 75 feet from a small stream and 45 feet above it " close enough to enjoy but far enough to…...
Florida Premiums Drop Amid Post-Reform Stability, New Triple-I Insurance Brief Shows
4+ day, 16+ hour ago (339+ words) "Florida consumers are experiencing tangible benefits of the state's legal system reforms," said Sean Kevelighan, CEO of Triple-I. "Premiums are stabilizing, competition is increasing, and homeowners and drivers are seeing real savings while insurance coverage remains readily available." Florida accounted…...
Ontario and Quebec Ice Storm Anniversary: Insured Losses Total $466 Million
5+ day, 19+ hour ago (250+ words) Canada's costliest disaster of 2025 underscores the importance of building more resilient communities. "Canada has the opportunity to be a world leader in resilience, but seizing that opportunity will require concerted action," added Roy. "Insurers and policymakers at all orders of…...
5 Sacrifices People Have Made To Afford Home Insurance
6+ day, 4+ hour ago (415+ words) According to a new survey from Insurify, home insurance rates have risen significantly in the past year. When asked, 59% of homeowners saw their insurance premiums increase in 2025. As a result, most homeowners said they have made some sort of financial…...
CA Dept of Insurance Finds Rebuilding Fire-Safe From LA Fires Would Reduce Losses by One-Third; Survivors Back Bill Requiring Insurers to Cover Fire-Safe Homes, Says Consumer Watchdog
6+ day, 16+ hour ago (407+ words) LOS ANGELES, March 30, 2026 /PRNewswire/ -- A new analysis showing that insurance average annual losses would fall by one-third in the Eaton and Pacific Palisades fire areas if homeowners build back fire-safe makes the case for proposed legislation to require insurance companies…...
Nearly 1 in 4 U.S. Home Insurance Claims Are Linked to Weather as Mercury Insurance Breaks Down the Top 5 Spring Risks
1+ week, 3+ day ago (351+ words) Seasonal storms, water damage, and wind-driven hazards drive predictable claim patterns each spring'here's how homeowners can get ahead of them According to the Insurance Information Institute, roughly 1 in 4 home insurance claims are tied to weather-related events, with wind, hail, and…...
Strong 2025 Underwriting Income Masks Persistent Property/Casualty Insurance Pressures
1+ week, 4+ day ago (119+ words) Underwriting gain: The U.S. insurance industry posted an estimated net underwriting gain of $63 billion, an improvement over the $23 billion gain in 2024. Incurred losses and loss adjustment expenses: Incurred losses and loss adjustment expenses decreased 0.4 percent, compared to a 2.3 percent rise in…...
Buying A Home Just Got Cheaper: FHFA Eases Insurance Rules, Cuts Costs For Borrowers
2+ week, 7+ hour ago (520+ words) American homebuyers are getting much-needed financial relief. The Federal Housing Finance Agency (FHFA) has announced new rules for Fannie Mae and Freddie Mac mortgages that will lower homeowners" insurance premiums'by removing strict, costly roof-coverage mandates. In a move aimed at…...
Rising insurance costs push Fannie, Freddie to adjust mortgage rules
2+ week, 4+ day ago (264+ words) Mortgage giants Fannie Mae and Freddie Mac are loosening homeowners insurance requirements in an effort to lower one of the "hidden costs" of homeownership. The Federal Housing Finance Agency, which regulates Fannie and Freddie, said the mortgage giants would now…...
Even Low-Risk Homes Are Caught Up in California’s Climate Insurance Crisis
3+ week, 16+ hour ago (581+ words) (Bloomberg) -- As another wildfire season looms, insurance companies'have abandoned some California neighborhoods at lower risk of burning, forcing tens of thousands of homeowners to obtain bare-bones coverage from the state's insurer of last resort. Two LPG Ships Sail Through Hormuz…...