News
California Flood Risk Expands Beyond Traditional Insurance Boundaries - Program Business | Where insurance industry clicks
2+ day, 8+ hour ago (283+ words) Wildfires further contribute to flood exposure. Post-fire conditions can increase runoff and erosion for five years or more, and even moderate rainfall can trigger debris flows in recently burned areas. At the same time, housing designs that prioritize earthquake resilience,…...
Colorado Lawmakers Revisit Hail-Resistant Roof Program to Address Rising Homeowners Insurance Costs - Program Business | Where insurance industry clicks
3+ day, 8+ hour ago (547+ words) Colorado lawmakers are advancing a new proposal aimed at addressing rising homeowners insurance premiums, which have increased 65% over the past five years, according to the National Association of Insurance Commissioners. Hailstorms remain the primary driver behind these costs. The legislation…...
Foreclosure and Bankruptcy Inquiries Rise as Legal Shield Data Shows Increased Consumer Financial Stress - Program Business | Where insurance industry clicks
1+ week, 2+ day ago (285+ words) Legal Shield data shows a sharp increase in legal requests tied to housing and debt, indicating rising financial pressure among American households. In the first quarter of 2026, foreclosure-related inquiries reached their highest level since March 2020. The Bankruptcy Index also continues…...
57% of Homeowners Make Financial Sacrifices to Afford Coverage, Insurify Finds - Program Business | Where insurance industry clicks
2+ week, 1+ day ago (709+ words) A growing number of U. S. homeowners are adjusting their finances to keep up with rising homeowners insurance costs, according to new data from Insurify. The report, based on a survey of more than 1, 000 homeowners, found that 57% have made financial sacrifices to…...
Florida Premiums Drop Amid Post-Reform Stability, New Triple-I Insurance Brief Shows - Program Business | Where insurance industry clicks
2+ week, 1+ day ago (618+ words) Sean Kevelighan, CEO of Triple-I, said Florida consumers are experiencing tangible benefits from these reforms. He noted that premiums are stabilizing, competition is increasing, and both homeowners and drivers are seeing savings while maintaining access to insurance coverage. The Florida…...
NAIC Launches Nationwide Homeowners Data Call as Market Pressures Intensify - Program Business | Where insurance industry clicks
2+ week, 2+ day ago (597+ words) Announced at the NAIC's spring national meeting, the initiative aims to give state regulators a detailed view of how homeowners coverage is priced, underwritten, and maintained across different geographies and perils. Availability and affordability remain key areas of focus. Insurers…...
California Considers Construction Insurance Role to Support Factory-Built Housing - Program Business | Where insurance industry clicks
2+ week, 2+ day ago (605+ words) California lawmakers are exploring a new approach to address the state's housing shortage. A recently introduced legislative package focuses on expanding factory-built housing, including a proposal that would involve the state in construction insurance. Per Cal Matters, Assemblymember Buffy Wicks…...
Home Insurance Rates Are Climbing Again " What to Expect in 2026 - Program Business | Where insurance industry clicks
2+ week, 4+ day ago (507+ words) Homeowners across the U. S. may face another year of rising insurance costs. A recent forecast from Insurify projects that home insurance premiums will increase by an average of 4% by the end of 2026, marking the fifth consecutive year of rate increases. While…...
Nearly 1 in 4 U. S. Home Insurance Claims Are Linked to Weather - Program Business | Where insurance industry clicks
3+ week, 8+ hour ago (596+ words) Spring weather brings a noticeable increase in home insurance claims across the United States. Heavy rain, severe storms, and fluctuating temperatures often expose weaknesses in roofs, drainage systems, and overall property maintenance. As a result, Mercury Insurance is highlighting the…...
Illinois Bill Combining Home and Auto Insurance Regulation Passes House - Program Business | Where insurance industry clicks
3+ week, 2+ day ago (693+ words) A bill that would expand regulatory oversight of homeowners and automobile insurance rates in Illinois has passed the state House and now awaits consideration in the Senate. The legislation combines two previously separate proposals into a single measure. It would…...