Articles for Property Insurance

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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Farmers pulls out of Florida property insurance despite efforts to stabilize the market
1 year, 5 months ago

Farmers pulls out of Florida property insurance despite efforts to stabilize the market

Associated Press  

TALLAHASSEE, Fla. — Farmers Insurance became the latest property insurance company to pull out of Florida on Tuesday despite repeated efforts by Republican Gov. “Florida’s leaders have stepped up to the plate by delivering historic reforms to Florida’s property insurance market to ensure competitiveness and increase consumer choice,” Insurance Commissioner Michael Yaworsky wrote to the company. About 12% of homeowners …

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Insurance firms need more climate change information. Scientists say they can help
1 year, 7 months ago

Insurance firms need more climate change information. Scientists say they can help

NPR  

Insurance firms need more climate change information. Insurance companies are worried about climate change Kapnick says she has heard from insurance companies that are increasingly concerned that they don't have sufficient information to accurately assess what the future holds. "Climate change is a significant concern to the property casualty insurance industry as our nation faces the prospect of increased frequency …

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DeSantis signs bill seeking to stabilize insurance market
2 years ago

DeSantis signs bill seeking to stabilize insurance market

Associated Press  

TALLAHASSEE, Fla. — Republican Gov. “This is going to make a huge, huge difference.” Florida has struggled to keep the insurance market healthy since 1992 when Hurricane Andrew flattened Homestead, wiped out some insurance carriers and left many remaining companies fearful to write or renew policies in Florida. The bill new law will create a $1 billion reinsurance fund, put …

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DeSantis signs bill seeking to stabilize insurance market
2 years ago

DeSantis signs bill seeking to stabilize insurance market

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “This is going to make a huge, huge difference.” …

Florida Property Citizens Sign Desantis Bill Property Insurance
Florida lawmakers seeking to calm property insurance storm
2 years ago

Florida lawmakers seeking to calm property insurance storm

Associated Press  

TALLAHASSEE, Fla. — Florida lawmakers took three days to try to fix a home insurance problem that’s been stormy for three decades, approving legislation designed more to keep private insurers in the state than to immediately save property owners money. Earlier this year, Florida homeowners already were struggling to replace dropped policies or pay premiums, with a swelling number of …

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Florida Senate passes property insurance overhaul
2 years ago

Florida Senate passes property insurance overhaul

Associated Press  

TALLAHASSEE, Fla. — The Florida Senate on Tuesday approved sweeping legislation that would overhaul the state’s property insurance system, which has struggled due to insolvencies, high costs and major storms. “Homeowners in Florida are being crushed right now by the cost of housing and insurance costs are a major part of that,” said Democratic state Sen. Darryl Rouson. Loopholes in …

Florida Property Costs Claims Senate Republican State
After hurricanes, when to rebuild and when to retreat
2 years, 2 months ago

After hurricanes, when to rebuild and when to retreat

Al Jazeera  

There are tough questions about rebuilding in the United States after Hurricane Ian in Florida and Hurricane Fiona in Puerto Rico. Halla Mohieddeen: I’m talking first with Jesse Keenan at Tulane University. Halla Mohieddeen: So, tell us what’s played out with Hurricane Ian in Florida, and to some extent Hurricane Fiona in Puerto Rico, because they dumped an awful lot …

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Ian threatens Florida’s already unstable insurance market
2 years, 2 months ago

Ian threatens Florida’s already unstable insurance market

Associated Press  

TALLAHASSEE, Fla. — Florida’s property insurance market was already in peril. The scale of the storm’s destruction will become more clear in the coming days but there is concern it could exacerbate existing problems and burden a state insurance program that has already seen a sharp increase in policies as homeowners struggle to find coverage in the private market. “Florida’s …

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Ron DeSantis ignored a real crisis in Florida because he is obsessed with owning the libs: columnist
2 years, 7 months ago

Ron DeSantis ignored a real crisis in Florida because he is obsessed with owning the libs: columnist

Raw Story  

Ron DeSantis to the GOP-controlled Florida State Legislature, Republicans in the Sunshine State have been aggressively fighting the culture wars, defending the so-called “Don’t Say Gay” law, railing against critical race theory and punishing Disney for not being on board with their agenda. Washington Post opinion writer Lisette Alvarez, in a biting column published on May 19, argues that Florida …

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Here's All You Need to Know About Wedding Insurance
2 years, 11 months ago

Here's All You Need to Know About Wedding Insurance

News 18  

Since the coronavirus outbreak in March 2020 in India many wedding programs had to be cancelled at the last moment. Wedding insurance covers huge expenses due to the cancellation of marriage or any other damage or loss. Insurance policies broadly cover different situations in four categories- Coverage of Liabilities: This section covers any damage or loss caused to third parties …

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