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Florida Snagged Two-Thirds of National Flood Insurance Payouts in 2023
Flood claims in Florida accounted for two-thirds of all claims paid out by the National Flood Insurance Program in 2023.
3 min. read|April 23, 2024
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Connecticut Regulators Rap Insurers for Dropping Home Policies Over Roof Stains
The Connecticut Insurance Department warned insurance companies that they can’t use cosmetic roof conditions, like streaking or discoloration, as justification for refusing to renew a home insurance policy.
2 min. read|April 2, 2024
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Flood Payouts to Rhode Island Homeowners Were 417 Times Higher in 2023
Severe flooding caused the National Flood Insurance Program (NFIP) to pay out $4.6 million to Rhode Island homeowners in 2023, findings show. That figure is 417 times higher than the $11,000 FEMA paid out in 2019.
3 min. read|April 2, 2024
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State Farm to Drop 72,000 Home, Landlord Policies in California
State Farm, the largest home insurer in the state, announced it won’t renew about 30,000 homeowners policies and 42,000 landlord policies beginning July 3.
2 min. read|March 24, 2024
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Sand Dune Disaster: $500K Washed Away in Massachusetts
An investment of over $500,000 by the town of Salisbury, Massachusetts, to restore its sand dunes and protect the community washed away in 72 hours.
3 min. read|March 24, 2024
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Are Rising Home Insurance Costs Sinking Western Florida’s Real Estate Market?
The western Florida real estate market and the draw of living in the region appear to be drying up, spurred by high inflation rates and surging insurance costs.
2 min. read|March 7, 2024
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Latest Home Insurance News
Latest home insurance news, insights, and trends.
February 14, 2024
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Florida May Issue Bonds to Shore Up Hurricane Catastrophe Fund
The state of Florida may again turn to bonds, and the public, to provide much-needed funding for its Hurricane Catastrophe Fund.
1 min. read|February 6, 2024
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North Carolina Home Insurers Seek 42%+ Rate Hike
North Carolina insurers have requested double-digit increases in home insurance rates for 2024.
2 min. read|February 5, 2024
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The Hartford Halts New Home Policies in CA
Connecticut-based insurer The Hartford announced it will no longer sell new home insurance policies in California.
1 min. read|January 31, 2024
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Florida Weighs Tying Home Insurance to Unpaid Mortgage Balances
The Florida legislature is considering a pair of bills aimed at reducing home insurance premiums by tying them to unpaid mortgage balances.
3 min. read|January 23, 2024
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Last-Resort Insurers Becoming First Choice for Homeowners
Rising rates and shrinking markets in states across the country are driving many homeowners to view their states’ FAIR Plans as the first-choice option for home insurance.
3 min. read|December 12, 2023