News
Homeowners insurance rates could reemerge in Illinois legislative session
1+ day, 4+ hour ago (961+ words) SPRINGFIELD " Illinois lawmakers are poised to make a second attempt at passing a bill that would give state regulators more authority to control the rising cost of homeowners insurance. Gov. JB Pritzker called for the legislation last summer after Bloomington-based…...
Are MS Coast homeowner insurance rate hikes easing? What experts, records say
1+ day, 10+ hour ago (233+ words) Rate hikes on homeowners insurance appear to be easing in Mississippi, particularly along the Coast, where premiums have grown to rival house payments for some residents. "It's getting better," said Andy Case, director of property and casualty rating for the…...
Climate-resistant home upgrades agents should be recommending
1+ day, 12+ hour ago (440+ words) There's no denying that resiliency home upgrades have proven to benefit both insurance carriers and policyholders alike, leading to fewer or smaller claims, more predictable risk, reduced damage, and safer properties that often allow for more affordable premiums. "Individuals can…...
Well-intended legislation won’t solve California’s insurance woes
1+ day, 12+ hour ago (658+ words) The fundamental basis of insurance " pooling risk as a safety net for communities and industries alike " has been around for thousands of years. Since the days of ancient Babylon, policyholders pay a fractional cost of the value of their business…...
Winter Storm Fern signals a new reality for home insurance
2+ week, 5+ day ago (582+ words) Extreme weather is no longer an occasional disruption; it is rapidly reshaping the homeowners insurance market. Winter Storm Fern, which brought widespread ice, snow and prolonged freezing temperatures to at least 34 states, is now projected to generate insured losses well…...
As Florida property insurance crisis eases, here are key efforts to lower rates
3+ week, 4+ day ago (96+ words) A rewards program for Florida homeowners without a claims history are among the property insurance-related bills that could lower your bill. This article is available to Insider Pro subscribers only. A rewards program for Florida homeowners without a claims history…...
Bill would require home insurers to consider wildfire prevention efforts
4+ week, 1+ day ago (638+ words) Oregon homeowners who take steps to protect their homes from wildfire could pay less for property insurance under a southern Oregon state senator's proposal to require insurers to consider fire prevention efforts when setting rates. Sen. Jeff Golden, D-Ashland, modeled…...
Oregon bill aims for insurers to recognize wildfire mitigation steps
4+ week, 1+ day ago (893+ words) Proposal could reduce premiums for those taking action SALEM " Oregon lawmakers may require insurance companies to offer discounts to homeowners for wildfire mitigation measures, unless those actions are factored into their risk models. The increased prevalence of devastating wildfires in…...
Insurance carriers can now carve out wildfire coverage from Nevada homeowner policies
4+ week, 2+ day ago (1373+ words) Nevada lawmakers have enacted a first-of-its-kind law designed to keep insurance companies operating in the state as more insurers grow squeamish about doing business in wildfire-prone areas. But opponents worry the bill could make the growing insurance crisis worse. Passed…...
Are home warranties replacing home insurance for some customers?
1+ mon, 1+ week ago (819+ words) Home insurance and home warranties are not created equal. Despite this, some consumers are using home warranties to replace the mechanical breakdown endorsement on a standard home insurance policy. When you think about it, this isn't too surprising, as home…...