News
US insurers banked $68. 7 billion in 2025 as policyholders fueled a record $1. 27 trillion surplus
3+ hour, 49+ min ago (421+ words) "Instead, insurers charged higher premiums while paying less in claims." A new analysis is adding fuel to a debate many homeowners and drivers already know well: Insurance bills keep climbing, even as insurers report eye-popping gains. Public Citizen's latest review…...
These states now have the cheapest and most expensive home insurance as climate risks reshape the map
1+ mon, 1+ week ago (524+ words) The national average premium is now $2, 424 per year for $300, 000 in dwelling coverage. Home insurance premiums in the U. S. are becoming one of the clearest examples of how extreme weather events are increasingly shaping everyday costs. As Quartz summarized, a Bankrate analysis…...
Homeowners in Florida and Louisiana now face a $4, 500 'hurricane tax"
1+ mon, 1+ week ago (327+ words) "This is an example of climate change showing up in household budgets." For homeowners in Florida and Louisiana, a "hurricane tax" is becoming a very real cost of climate change." The term describes the extra amount people pay each year…...
A growing share of America is becoming uninsurable as insurers redraw risk maps by ZIP code
1+ mon, 2+ week ago (399+ words) For most homeowners, insurance is not optional in any meaningful sense. More and more American homes are becoming "uninsurable" as extreme weather forces insurance companies to pull out of high-risk areas." A home becomes functionally uninsurable when insurers decide the…...
State Farm faces license suspension over alleged mishandling of LA wildfire claims
1+ mon, 3+ week ago (425+ words) "We are taking decisive action to hold them accountable." California is sending a major message to State Farm after accusing the insurance company of mishandling wildfire claims tied to the devastating January 2025 fires in Los Angeles County. The Los Angeles…...
Weather damage makes up 1 in 4 insurance claims in record $8. 2 B year
2+ mon, 5+ day ago (460+ words) "With over a quarter of total property claims relating to weather, the industry continues to feel the impact of climate change." As extreme weather events become longer and more intense, insurance professionals in the United Kingdom have said the shifting…...
Homeowners left in lurch as insurance companies make dramatic policy change: 'It does expose it and amplify it"
4+ mon, 5+ day ago (539+ words) "We have to ask, 'Who is not paying?'" A year after devastating wildfires tore through the Los Angeles, California, area, many survivors are still dealing with insurance policies that won't cover the full cost of rebuilding their homes. It's a…...
Homeowners scramble amid shocking insurance trend: 'It was very scary"
4+ mon, 2+ week ago (315+ words) "I'd never had that happen before." In the wake of Hurricane Helene, Georgia homeowners have struggled with insurance companies that drop coverage out of the blue, according to 13 WMAZ. In Houston County, Georgia, an insurance company informed one homeowner that…...
Residents infuriated after redrawn maps increase insurance uncertainty: 'We kind of had to change some of our logistics"
5+ mon, 3+ week ago (515+ words) It is extremely important for residents to know which areas are at risk. Flooding can be devastating to property owners, and it is getting more common as the planet's overheating increases the rate of extreme weather events." An indirect impact…...