According to the National Association of Realtors, existing home sales continued their strong upward trajectory in July. This makes it two months in a row that have shown significant gains in home sales. Four of the major regions managed a double-digit month over month increase while the Northeast was the only region that showed a […]
As wildfire season kicks off, lawmakers in California are pushing through an insurance industry backed homeowner insurance bill. While the bill seems popular with a number of lawmakers, it is receiving fierce opposition from consumer groups as well as California Insurance Commissioner Ricardo Lara. The bill addresses a number of issues, from letting insurance companies […]
According to national insurance expert and actuary, J. Robert Hunter, a package of homeowner insurance bills that California lawmakers are considering could lead to premium hikes of at least 40 percent across the state. It will also increase the number of California homeowners who are struggling to find coverage for their homes. AB 2167 (Daly-Anaheim), […]
Hurricane Isaias is on roughly the same track as Hurricane Dorian and is the first hurricane to hit the Bahamas since Dorian stalled over the islands as a Category 5 monster killing dozens of people and causing massive destruction. Here is a quick overview of both storms as well as a few tips on how […]
The end of the extra $600 per week unemployment benefit will happen this week if Congress doesn’t manage to pass an extension and that could be a huge problem for many families. Over the last few months, Americans who qualify for unemployment insurance have received an extra $600 a week in federal assistance on top […]
The Atlantic coast may see a busier than normal hurricane season this year and if coastal property owners have an issue paying their insurance premiums, leading to cancellations, the economic toll from a major hurricane could become much worse. As an example, in 2017, Hurricane Harvey flooded 204,000 homes and apartments which caused roughly $16 […]
As mortgage rates slide to their lowest levels in years, many experts are recommending that homeowners consider refinancing their homes. The thirty-year fixed-rate mortgage is now averaging less than 3 percent in many areas, which could offer major savings to homeowners carrying higher interest rates. A new report from Fannie Mae, says the majority of […]
Within the United States, flooding is the most expensive natural disaster with cost over $1 trillion in inflation adjusted dollars since the year 1980. According to new calculations, the flood risk across many states in the country is far greater than current government estimates show. This threat could grow as climate change gets worse. First […]
As COVID-19 continues to spread across the country, many vacationers are still skeptical of airlines and hotels which has led many of them to rent an RV to get in their vacation time this year. It turns out they are not alone, RV rentals are booming this year and National Geographic recently dubbed 2020 “the […]
The Insurance Information Institute (III) recently issued a press release that looks at both the number of lightning related claims as well as the cost of those claims. They found that for the second consecutive year, the number of lightning related claims decreased but the average cost per claim actually increased. When the I.I.I ran […]