Later this month, state lawmakers plan to return to Tallahassee for a special session to address property insurance. In addition, there is a federal effort to also examine the issue of property insurance prices in Florida. U.S. Rep. Charlie Crist, a Democrat from St. Petersburg who is currently running for Florida governor plans to file […]
It looks like another homeowners insurance company is in trouble in Florida. Recently, FedNat Holding Company, which sell homeowners insurance and other insurance products under the name FedNat Insurance Company, was downgraded from A to S by Demotech, a consulting company that rates the financial health of insurance companies. According to Demotech, an A rating […]
Recently, the California Insurance Commissioner Ricardo Lara proposed a regulation that would not only stop insurance companies from overcharging homeowners who have done wildfire mitigation to reduce their risk of wildfires but would also require insurers to take these mitigation efforts into account when deciding on a premium or whether to insure a specific property. […]
Interest rate hike due to inflation percentage rising up, FED, federal reserve or central bank monetary policy, economics or loan concept, businessman archery percentage arrow high up into the sky. There is a good chance that your homeowners insurance premium will be headed up this year. According to a recent S&P Global Market Intelligence report, homeowners […]
While Florida has not seen a major storm since 2018, homeowners insurance rates continue to rise and the majority of the blame can be put on door to door roof replacement schemes that result in denied claims, lawsuits and ever increasing homeowner insurance rates. The state-run insurer of last resort, Citizens Property Insurance Corp is […]
Recently, three property insurance bills that were designed to stabilize the Florida insurance market and temper skyrocketing homeowner insurance premiums failed to pass the Florida legislature. This was a disappointment to both homeowners and insurers as property insurance premiums continue to head up, in fact, premiums shot up almost 25 percent in the last year. […]
Beautiful coastal homes by the seaside in Rodanthe, North Carolina It looks like it’s going to be a good news, bad news situation in North Carolina this year when it comes to homeowners insurance rates. Let’s start with the good news. The Rate Bureau, which represents insurance companies operating in North Carolina requested an average […]
When Forbes looked at the numbers, they found that Hawaii was the cheapest state for homeowners insurance where the average premium came in at a very affordable $558. Oklahoma grabbed the dubious title of being the most expensive state in the country for homeowners insurance with an average premium that hit $4,122, which is a shocking […]
Homeowners insurance in Florida has been an issue for a number of years as insurance companies continues to raise premiums, drop customers or pull of the state entirely. While lawmakers have made an effort to get rates under control, so far, they have been unsuccessful. However, lawmakers are again making an effort to bring the […]
While most people are worried about inflation pushing up the cost of everyday items, one group in particular has a lot to lose as prices continue to rise. Senior citizens, those living on a fixed income and people who are on the verge of retirement will be impacted by inflation in greater numbers than people […]