Condos’ high-rising insurance premiums are a top issue in these legislative races
5 months, 1 week ago

Condos’ high-rising insurance premiums are a top issue in these legislative races

Associated Press  

Jillian Anderson was planning to make fighting crime in Waikiki the top issue in her campaign for a seat in the Hawaii House of Representatives. “In terms of immediate needs and having to find immediate solutions, this has risen to the top of the list.” Anderson isn’t the only candidate highlighting the alarming spike in insurance premiums that is driving up housing costs for condo dwellers. “The condo insurance issue has become the housing issue,” Ross said. Even if only a few of these passed, Ross said, “the bottom line is this is something that would benefit a lot of condo owners.” Anderson said she supports many of these changes. “The insurance issue is the one that’s on my mind every day,” he said.

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Editorial: California’s next affordable housing crisis is the rising cost of property insurance
6 months, 1 week ago

Editorial: California’s next affordable housing crisis is the rising cost of property insurance

LA Times  

Interior patio at Amani Apartments, build with funds from Proposition HHH to provide 53 permanent apartment homes to seniors who formerly experienced homelessness that opened in 2022. Now a growing problem for the state’s homeowners has hit affordable housing providers especially hard: skyrocketing property insurance rates. In the last couple of years, organizations that build and maintain affordable housing report …

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