News
One In Five California Home Sales Canceled Due To Unaffordable Insurance
5+ hour, 59+ min ago (887+ words) Authored by Mike Shedlock via MishTalk.com, Ponder a $44,000 insurance bill. This does not count as inflation in the CPI. The Wall Street Journal reports'A $44,000 Bill Shows the Dysfunction in California's Home-Insurance Market Glenn and Lorraine Crawford paid about $500 a…...
Visualizing Health Insurance As A Share Of Median Income By US State
7+ mon, 1+ day ago (211+ words) Americans pay wildly different amounts for health insurance depending on where they live. This map, via Visual Capitalist's Bruno Venditti, shows which states pay the most (and least) when health insurance costs are measured as a share of median income....
US Insurers Are Refusing To Cover Climate-Change Risk-Zones
7+ mon, 2+ week ago (227+ words) Authored by Felicity Bradstock via OilPrice.com, U.S. insurers are rapidly pulling coverage from homes in high-risk climate zones, particularly in California, Florida, and North Carolina. Millions of homeowners are facing nonrenewals, impacting their ability to secure mortgages and causing housing…...
State Farm Gets 'Provisional' Approval For 22% Rate Hike In California
11+ mon, 1+ week ago (1203+ words) State Farm Gets 'Provisional' Approval For 22% Rate Hike In California While Gavin Newsom gallavants around the pod-o-sphere trying to reinvent himself as a moderate Democrat, residents of his woefully mismanaged state have 'enjoyed' watching their home insurance rates skyrocket, or…...