6+ hour, 20+ min ago  (799+ words) Many states have seen the cost of homeowners insurance rise sharply in recent years, leading to the development of proposals to make insurance more affordable through federal intervention in the reinsurance marketplace. The latest, "A proposal for a US federal…...

5+ mon, 4+ day ago  (385+ words) There is nothing new under the sun," according to the book of Ecclesiastes, and that's especially true for bad public policy. Legislators love recycling old, failed laws and presenting them as innovative, forward-looking initiatives. We are in the midst of…...

8+ mon, 2+ week ago  (431+ words) Something strange happened in the Colorado homeowners" insurance market. Colorado was historically a profitable state for insurance companies. From 2010 to 2019, homeowners" insurance averaged a 55 percent loss ratio, generating a 15 percent profit margin. There was only one year within that 10-year…...

9+ mon, 3+ week ago  (166+ words) In Georgia, the average premium'for a homeowners" insurance policy covering a single-family home valued at $300,000 is $1,954. This compares favorably with the national average of $2,341. With a median family income'of $74,644, Georgians pay 2.6 percent of their income for homeowners" insurance. A rule…...