News
State Farm, California, and Consumer Advocates Reach Agreement on 2025 Emergency Rate Hike | Insurify
6+ hour, 16+ min ago (1058+ words) California's largest home insurance provider can keep a 17% emergency rate increase it implemented last year in the wake of the Los Angeles County wildfires, under an agreement reached among the insurer, state regulators, and a consumer advocacy group. But State…...
Poor Credit Hits Homeowners Hard When Buying Home Insurance, Report Finds | Insurify
6+ mon, 3+ week ago (1118+ words) Homeowners with low credit scores pay, on average, nearly $2,000 more annually for home insurance, according to a new report by the Consumer Federation of America (CFA) and the Climate & Community Institute (CCI). The report weighs the impact of credit pricing against…...
The impact of insurance costs on homeownership
1+ mon, 4+ week ago (1224+ words) A couple surveys a house's area for renovation. Homeowners insurance has traditionally been a background cost of owning a home, but in many markets, it is becoming a defining factor in housing affordability. Recent industry research and real estate surveys…...
Iowa Homeowners Could See 19% Spike in Home Insurance Rates, Report Predicts | Insurify
10+ mon, 2+ week ago (1181+ words) Iowa homeowners don't face some common threats like hurricanes or earthquakes. Yet, they live in a state where home insurance rates will likely grow much faster than average in 2025, according to a new report by insurance comparison marketplace Insurify. Insurify…...
10 States Facing the Highest Financial Losses from Severe Weather | Insurify
8+ mon, 3+ week ago (1663+ words) Climate change has made extreme weather more prevalent and intense.1 Those consequences are showing up in home insurance premiums, with the average annual cost increasing 30% " $740 " since 2021." Homeowners in states with more extreme weather tend to face higher insurance costs. Insurers…...
Los Angeles wildfires cost Lloyd's of London $2.3 bn
1+ year, 2+ day ago (919+ words) The LA wildfires have dealt a multi-billion-dollar hit to the insurance industry Insurance market Lloyd's of London on Monday said it had taken a financial hit totalling about $2.3 billion from the Los Angeles wildfires earlier this year. "We are still…...