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State Farm’s 22% Emergency Rate Hike Request Gets Pushback from California Regulator
Insurance commissioner demands more justification and a meeting with state’s largest home insurer.
3 min. read|February 24, 2025
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California Insurers Can Pass Half of $1B FAIR Plan Rescue Cost to Policyholders
California’s insurer of last resort for fire insurance says it needs $1 billion to ensure it can continue paying claims in the wake of the Palisades and Eaton wildfires.
3 min. read|February 12, 2025
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12% Rate Hike on the Way for Thousands of California Home and Condo Owners
California Automobile Insurance Company won state approval for a 12% rate increase that will affect nearly 600,000 homeowners, condo owners, and renters in the Golden State.
2 min. read|January 26, 2025
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Oklahoma Reminds Insurers to Play Fair If They Want to Use AI
Oklahoma is the latest U.S. state to recommend insurers prioritize fairness, transparency, and compliance when integrating AI models.
2 min. read|January 15, 2025
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California Bars Home Insurers from Shedding Policies in Wildfire-Hit Areas
California Insurance Commissioner Ricardo Lara has issued a moratorium blocking insurers from canceling or non-renewing policies in wildfire areas. Learn more here.
2 min. read|January 14, 2025
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Farmers Insurance Taking on More Policies in California
Farmers is reopening property insurance lines and increasing bandwidth for more new home insurance policies in California. Learn more here.
2 min. read|January 6, 2025
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New Mexico’s Last-Resort Home Insurer May Get $50M to Expand, Raise Coverage Limits
Learn more about plans to expand the New Mexico FAIR Plan to make home insurance more affordable and accessible.
2 min. read|December 19, 2024
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Latest Home Insurance News
Latest home insurance news, insights, and trends.
December 12, 2024
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Florida’s Insurer of Last Resort Leaving Hurricane Victims High and Dry
Citizens Property Insurance is experiencing a tumultuous year, and the pressures aren’t ending soon. The insurer has received nearly 458,000 claims, valuing over $5.3 billion, for hurricanes Debby, Helene, and Milton.
2 min. read|December 11, 2024
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Another Insurer Hiking Homeowners Rates in California
California regulators approved a request by MAPFRE Insurance Company, a relatively small insurer in the state, to increase home insurance rates by 6.5%.
1 min. read|December 9, 2024
ASI Policyholders Face Steep 30% Homeowners Rate Increase in 2025
California homeowners with ASI Select insurance policies could see their premiums jump by 30% when their policies come up for renewal in 2025.
2 min. read|December 9, 2024
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Amica OK to Hike Home Insurance Rates by 21% in California
California homeowners, renters, and condo owners with property insurance through Amica could soon see their premiums rise again. On Dec. 2, the state’s department of insurance approved Amica’s request to raise rates for nearly 40,000 policyholders.
2 min. read|December 9, 2024