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Florida braces for hurricane season with $850 million ‘catastrophe bond’ issuance
Fortune via Yahoo Finance· 15 hours agoCosts for reinsurance, policies that insurance companies take out to shield themselves from losses,...
Soaring Insurance Costs Could Force House Prices To Fall—and Some Homeowners To Forgo Coverage
San Francisco Chronicle· 1 day agoWhen Palm Beach County Commissioner Gregg Weiss learned his windstorm insurance was doubling to...
The home insurance market is crumbling. These owners are paying the price
CNN Business via AOL· 7 days agoUS Senate Budget Committee is launching an investigation into whether Florida’s state-backed home...
Insurance Is the Wild Card for Some Buyers - Banker & Tradesman
Banker & Tradesman· 5 days agoAccording to a Real Estate Witch study, the typical homeowners insurance policy is $1,516, or $126 a...
Climate change-driven insurance crisis threatens new US states
Statesman Journal via Yahoo Finance· 19 hours agoInsurers are retreating from markets in hurricane-prone North Carolina and western states like...
Experts Say the 2024 Hurricane Season Could Break Records. Here’s How To Prepare | Bankrate
Bankrate.com· 2 days agoThe 2024 Atlantic hurricane season is shaping up to be one of the most active on record — and now is...
States struggle to keep property insurers from fleeing as wildfire risk grows
WJZY via Yahoo Finance· 3 days agoLast...Other states like California, Louisiana and Florida have also resorted to providing their own...
Hurricanes threaten to stir perfect economic storm
Reuters· 2 days agoStorms later this year might just blow down an important line of defense for U.S. homeowners. Warmer ocean surfaces and weaker trade-wind patterns are...
Citizens Insurance’s letters broil frustrated customer in a ‘depopulation’ stew
Sun-Sentinel· 4 days agoState officials make no secret of the fact they don’t want Citizens Property Insurance Corp. to remain anywhere near its current 1.18 million policies. It doesn’t want to ...
California oversight agency asks: Why is insurance commissioner absent from hearings?
The Sacramento Bee· 7 days agoCalifornia oversight agency ask: Why is insurance commissioner absent from hearings? The oversight body’s staff has made multiple requests to the department, he said, and one of its commissioner even contacted Lara directly.