News
US insurers banked $68. 7 billion in 2025 as policyholders fueled a record $1. 27 trillion surplus
10+ hour, 11+ min ago (421+ words) "Instead, insurers charged higher premiums while paying less in claims." A new analysis is adding fuel to a debate many homeowners and drivers already know well: Insurance bills keep climbing, even as insurers report eye-popping gains. Public Citizen's latest review…...
North Carolina homeowners brace for statewide insurance hike as families warn of added strain
1+ mon, 4+ day ago (404+ words) The situation also shows how decisions made by insurers can ripple through entire communities. North Carolina homeowners are about to pay more to protect their homes, even after state officials scaled back a much steeper proposal from insurers. Starting June…...
Thousands of Bay Area homeowners face steep wildfire insurance hikes as FAIR Plan rates jump 30%
1+ mon, 1+ week ago (492+ words) "This is really going to hit hard for a lot of people." Thousands of Bay Area homeowners in wildfire-prone neighborhoods are about to get hit with a major new expense: higher insurance bills. Starting Oct. 15, California's FAIR Plan " the coverage…...
These states now have the cheapest and most expensive home insurance as climate risks reshape the map
1+ mon, 1+ week ago (524+ words) The national average premium is now $2, 424 per year for $300, 000 in dwelling coverage. Home insurance premiums in the U. S. are becoming one of the clearest examples of how extreme weather events are increasingly shaping everyday costs. As Quartz summarized, a Bankrate analysis…...
Homeowners in Florida and Louisiana now face a $4, 500 'hurricane tax"
1+ mon, 1+ week ago (327+ words) "This is an example of climate change showing up in household budgets." For homeowners in Florida and Louisiana, a "hurricane tax" is becoming a very real cost of climate change." The term describes the extra amount people pay each year…...
Colorado bets on hail-proof roofs to rein in surging home insurance costs
1+ mon, 1+ week ago (332+ words) The move comes as home insurance premiums have climbed sharply across Colorado. Colorado homeowners could soon get some relief from one of the state's biggest financial headaches: soaring insurance bills. On the final day of the legislative session, lawmakers passed…...
A growing share of America is becoming uninsurable as insurers redraw risk maps by ZIP code
1+ mon, 2+ week ago (399+ words) For most homeowners, insurance is not optional in any meaningful sense. More and more American homes are becoming "uninsurable" as extreme weather forces insurance companies to pull out of high-risk areas." A home becomes functionally uninsurable when insurers decide the…...
'Squeezing people for profit': Homeowners battle State Farm over LA wildfire damage
1+ mon, 3+ week ago (516+ words) "How can it be worth less now than when it was new?" Over a year after the devastating Los Angeles fires of January 2025, many homeowners continue to battle their insurance companies to receive what they believe to be fair compensation,…...
Homeowners scramble amid shocking insurance trend: 'It was very scary"
4+ mon, 2+ week ago (315+ words) "I'd never had that happen before." In the wake of Hurricane Helene, Georgia homeowners have struggled with insurance companies that drop coverage out of the blue, according to 13 WMAZ. In Houston County, Georgia, an insurance company informed one homeowner that…...
Homeowners left in the lurch after insurance companies drop coverage for 'high-risk' customers
2+ mon, 3+ week ago (373+ words) In an insurance market in which homeowners are struggling to maintain coverage and prices are skyrocketing, Chicago residents have it worse than the norm. According to ABC7 Chicago, the Chicago area experiences more than the national average rate of home insurance…...