Property insurers must prepare for aging population: report
As the global population ages more rapidly, property insurers must assess their offerings to meet the moment, according to a new report.
Homeowners insurance
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Florida’s housing affordability crisis is reaching a breaking point
Cotality’s study reveals a state at a crossroads. Early signs mirror California’s housing collapse that triggered a mass exodus of residents.
A growing Fannie Mae “blacklist” is paralyzing home sales
A growing problem is preventing condominium owners from selling their properties. Many condos are being added to a “blacklist” by Fannie Mae due to the properties not having enough insurance or needing major repairs. If a condo is on this list, it’s significantly harder for prospective buyers to get a mortgage, making it nearly impossible […]
California insurance commissioner rejects State Farm’s request for 22% rate increase
On Friday, California insurance commissioner Ricardo Lara rejected State Farm’s request for “emergency” rate increases, going against the recommendation of his staff experts.
Treasury outlines rising cost of homeowners insurance
Homeowners in areas with the highest risk of perils paid 82% more for homeowners insurance than those in ZIP codes with the lowest risks.
California will require home insurers to offer policies in high-risk wildfire areas
California has a new regulation that aims to increase home insurance options in wildfire-prone areas after some insurers left the state.
As boomers retire with record housing wealth, finding accessible housing is a challenge
Despite being the beneficiaries of historic increases in home-price appreciation during and after the COVID-19 pandemic, older baby boomers — many of whom are approaching the age of 80 in 2025 — are now finding themselves challenged by a dearth of housing inventory that can best accommodate living in later life. This is according to […]
Data suggests stability ‘on the horizon’ for home insurance premiums
Home insurance premiums continue to rise, but the severity of the increases have cooled in recent months, according to Matic.