Narrowly avoiding cancelation and a total government shutdown, last-minute bipartisan legislation was passed calling for the continued funding of the NFIP for an additional 45 days, through mid-November.
Read More »Capitol Hill Shines the Spotlight on Property Insurance
The Senate Banking Committee recently hosted a hearing discussing competition in the property insurance marketplace and the role climate change is playing on policy holders’ premiums.
Read More »Insuring the American Homeowner in 2023
A new report from Insurify projects that home insurance premiums are expected to rise 9% in 2023, led by issues with the nation's supply chain and climate change.
Read More »Insurers Post 2022 Losses Due to Inflation and Natural Disasters
Fitch Ratings reports that U.S. homeowners’ insurance is poised to post a statutory underwriting loss for 2022 as insurers continue to deal with above-average catastrophe losses and uncertainty from persistently high inflation and macroeconomic volatility.
Read More »Migration is Key Trend Affecting Insurance Carriers
The Great Recession, now 15 years behind us, and its impacts on homeownership and insurance markets are still being felt today. This is according to a new report from the credit bureau TransUnion, who also found that migration patterns are ...
Read More »Where Do Homeowners Pay the Most for Insurance?
A new report reveals Americans spend an average of $2,148 for a homeowners policy of $500,000.
Read More »The Home Insurance Forecast
As extreme weather becomes the norm, home insurance may become increasingly unaffordable—or simply unattainable for homeowners in some regions.
Read More »Addressing Homeowner Flood Insurance Misconceptions
Many homeowners are in the dark when it comes to what is and isn't covered in their homeowners insurance policy. Here's what they need to know.
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