Insurers Are Deserting Homeowners as Climate Shocks Worsen Without insurance, it’s impossible to get a mortgage; without a mortgage, most Americans can’t buy a home. Alaska Fla. Hawaii NONRENEWAL RATES, 2023 1 in 200 1 in 100 1 in 50 1 in 25 State rate shown Wash. Maine N.D. Mont. Nev. Utah Colo. Calif. Kan. Okla. Ariz. N.M. Texas Alaska …
Sheri Marchetti-Perrault and James Benton embrace as they sift through the remains of their home, which was destroyed by the McKinley fire near Yreka, Calif. The crisis reached new heights last week when leading insurer State Farm General announced that it wouldn’t renew 72,000 property owner policies statewide, joining Farmers, Allstate and other companies in either not writing or limiting …
California drivers can now buy an auto insurance policy directly from Allstate again, after the company hit pause on selling new insurance through its website or phone service to customers in the state last year. Allstate’s full return to the California auto insurance market only comes after regulators allowed the company to raise its rates by 30% on average across …
A father-to-be whose insurance premiums are seven times what they were 18 months ago is welcoming a federal inquiry into the sector's response to Australia's most expensive flood disaster. Key points: The Standing Committee on Economics is conducting an inquiry into insurers' responses to the 2022 floods Flood-affected people are being invited to participate in an online survey ahead of …
Credit insurance company Atradius expects the Netherlands to be hard hit by bankruptcies next year, when the effect of government support starts to wear off. Atradius said it expects a 34% rise in the number of bankruptcies in 2020, second only to Portugal within the eurozone, even though the ‘economic contraction is smaller than in most other countries.’ Unlike countries …