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News

The Cool Down
thecooldown.com > green-business > geico-florida-auto-insurance-rate-cuts

New GEICO filings could trim car insurance costs for 1.3 million Florida drivers

21+ hour, 36+ min ago   (289+ words) Auto insurance is one of those bills many people cannot avoid. Florida drivers could soon see another reduction in a major recurring expense. GEICO has said a pair of new auto insurance rate cuts in the state may lower costs…...

The Cool Down
thecooldown.com > green-business > florida-homeowners-roof-age-insurance

Florida insurers are flagging 15-year roofs, and homeowners say cheaper quotes disappear

2+ day, 23+ hour ago   (426+ words) For Florida homeowners, roof age is driving up insurance costs earlier than they expected. For asphalt shingle roofs, some insurers now appear to be drawing the line at 15 years rather than 20, WPTV reported. Across the Sunshine State, homeowners are finding…...

The Cool Down
thecooldown.com > green-business > texas-home-insurance-affordability-challenge

Surging home insurance premiums are pricing Texas residents out of the affordable dream

2+ day, 20+ hour ago   (473+ words) "A single year's increase can price tens of thousands of households out of buying a home." Texas' reputation as a place where homeownership is still within reach is starting to slip. A study has found that when homeowners insurance is…...

The Cool Down
thecooldown.com > green-business > california-utilities-credit-downgrades-wildfire-costs

California utilities face credit downgrades if lawmakers miss wildfire cost fix

1+ week, 4+ day ago   (496+ words) Those added costs can then be passed on to customers. California lawmakers are running out of time to protect utility customers from another financial blow tied to the state's worsening wildfire crisis, as major utilities could face credit downgrades if…...

The Cool Down
thecooldown.com > green-business > home-insurance-claim-delays-analysis-earnings

US home insurers make $8.8 million a day by delaying claim payments

1+ week, 6+ day ago   (494+ words) The industry's financial incentive to wait can create hardship for people already facing a crisis. When a homeowner files an insurance claim after a fire, storm, or other disaster, every extra day of waiting can bring them more stress, bills,…...

The Cool Down
thecooldown.com > green-business > california-homeowners-subsidizing-wildfire-risk

California homeowners could end up subsidizing wildfire risk in 9 wealthy ZIP codes

2+ week, 6+ day ago   (597+ words) "It is a real challenge in terms of how to undo this escalation of liability that we're seeing." California's mounting wildfire insurance strain is no longer confined to wealthy neighborhoods in the state's highest-risk fire zones. Within California's backup insurance…...

The Cool Down
thecooldown.com > green-home > florida-homeowner-hurricane-milton-roof

Florida man paid off his house, dropped insurance, and Hurricane Milton tore off the roof

1+ mon, 1+ day ago   (421+ words) "A growing number of homeowners are choosing to take the gamble – and many have lost." A Florida homeowner paid off his mortgage, dropped his homeowner's insurance, and then watched Hurricane Milton tear the roof off his house about two months…...

The Cool Down
thecooldown.com > green-business > colorado-homeowners-roof-repair-costs-hailstorm

Colorado homeowners hit by softball-sized hail could face a brutal roof bill surprise

1+ mon, 1+ week ago   (484+ words) Colorado's softball-sized hailstorm this week has left homeowners evaluating damage to roofs and vehicles — and deciding whether to file an insurance claim or pay for repairs themselves. According to a report from MarketWatch, having home insurance may not spare them…...

The Cool Down
thecooldown.com > green-business > insurance-companies-profits-analysis-homeowners-drivers

US insurers banked $68.7 billion in 2025 as policyholders fueled a record $1.27 trillion surplus

1+ mon, 2+ week 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…...

The Cool Down
thecooldown.com > green-business > north-carolina-homeowners-insurance-rate-increase

North Carolina homeowners brace for statewide insurance hike as families warn of added strain

2+ mon, 3+ week 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…...