Idaho’s Wildfire Solution: How Home Hardening Could Preserve Property Insurance Access

Bushfires in tropical forest release carbon dioxide (CO2) emissions and other greenhouse gases (GHG) that contribute to climate change.

As insurance carriers reconsider their risk exposure in fire-prone regions, the Idaho Department of Insurance is taking proactive steps to ensure residents don’t lose access to critical property coverage.

New Report Finds Homeowners Insurance Premiums Have Risen 24% Since 2021

Rising interest rates and mortgage home prices surging as housing borrowing costs rise due to inflation and financial crisis concept as a house hit by a a finance graph arrow with 3D render elements.

A new report from the Consumer Federation of America (CFA) reveals that American homeowners have seen their insurance premiums rise by an average of 24% over the past three years, outpacing the rate of inflation and adding a collective $21 billion in costs for policyholders. The report, titled Overburdened: The Dramatic Increase in Homeowners Insurance… Continue reading New Report Finds Homeowners Insurance Premiums Have Risen 24% Since 2021

State Farm Seeks 39% Rate Hike for Umbrella Insurance in California

Bloomington, Illinois, USA - March 26, 2022: State Farm corporate headquarters in Bloomington, Illinois, USA. State Farm Insurance is a large group of mutual insurance companies throughout the USA.

State Farm General is pursuing a substantial 39% rate hike for its Personal Liability Umbrella policies in California, according to a filing with the California Department of Insurance.