Insurance agents are feeling the pressure as they scramble to find new coverage for tens of thousands of Louisianans who are losing their home insurance this month and next month. “I worked until 2:30 in the morning writing policies,” Ross Fayard, owner of Amstate Insurance says. Fayard was already dealing with finding new coverage for… Continue reading Insurance Agents in Louisiana Scramble to Find Homeowners Coverage Amid Policy Cancellations
Tag: home insurance
Berkley One Expands Into Four New States
Berkley One (a Berkley Company), an insurance provider for modern, sophisticated individuals and families, has expanded its personal insurance portfolio to Delaware, Montana, South Carolina and Wyoming. Insurance solutions from Berkley One are now available in 29 geographies. “Always moving forward is not only our brand promise but also our approach to accelerating our expansion… Continue reading Berkley One Expands Into Four New States
Most of U.S. West Is in Severe Drought as Peak Wildfire Season Looms
The American West is experiencing its worst drought on record, bringing new water restrictions, wildfire danger, and anxiety to one of the country’s fastest-growing regions as summer approaches. According to tree-ring records analyzed by researchers from the University of California, Los Angeles, much of the West has been mired in a drought dating back to… Continue reading Most of U.S. West Is in Severe Drought as Peak Wildfire Season Looms
Gov. DeSantis Signs Bills on Home Insurance Reform
Gov. Ron DeSantis has signed into law a package of property insurance reforms to curb skyrocketing home insurance costs in Florida. The House and Senate just passed two bills related to home insurance reform this week during the legislative special session, as the state’s uniquely complicated and pricey property insurance market took center stage. On… Continue reading Gov. DeSantis Signs Bills on Home Insurance Reform
Hippo Experiences 25% YoY Growth in Q1 2022
Hippo, the home insurance group focused on proactive home protection, today announced its consolidated financial results for the three months that ended March 31, 2022. “We’re excited by the progress reported today, achieving significant growth while delivering our best quarterly gross loss ratio since our public listing,” said Hippo co-founder and CEO Assaf Wand. “We… Continue reading Hippo Experiences 25% YoY Growth in Q1 2022
Kansas Tornado Generated 165 Mph Winds as It Destroyed Homes
The tornado that damaged over 1,000 buildings in south-central Kansas had winds of up to 165 mph and carved a path of destruction nearly 13 miles long. The tornado that caused extensive damage Friday, mostly in the Wichita suburb of Andover, and injured several people, was rated an EF-3 on the Enhanced Fujita scale, which… Continue reading Kansas Tornado Generated 165 Mph Winds as It Destroyed Homes
As Mortgage Rates Rise, Home Prices Hit a New High in March
In March, home prices in the United States reached a new high of $375,300, as mortgage interest rates rose and a lack of available homes stymied buyers. Prices rose despite a drop in previously owned home sales in March. The National Association of Realtors reported Wednesday that existing-home sales fell 2.7 percent in March from… Continue reading As Mortgage Rates Rise, Home Prices Hit a New High in March
Could Reform of Hurricane Catastrophe Fund Help Solve Florida Insurance Crisis?
Florida lawmakers will return to the state capitol next month to address the state’s property insurance crisis, and insurance experts say one proposal could save homeowners $150 per year right away. The short-term solution entails making insurance more affordable for insurance companies. The man behind the majority of Florida insurance company ratings paints a bleak… Continue reading Could Reform of Hurricane Catastrophe Fund Help Solve Florida Insurance Crisis?
Mortgage Rates Top 4% for the First Time Since 2019
The era of ultralow mortgage rates has come to an end. According to Freddie Mac, the average 30-year fixed mortgage rate has surpassed 4% for the first time since May 2019. The average interest rate on America’s most popular home loan was 3.22 percent at the start of the year. It fell to a record… Continue reading Mortgage Rates Top 4% for the First Time Since 2019
Officials: $1 Billion in Damages After Tornadoes Tore Through Central Iowa
Seven people were killed, including two children, when several tornadoes swept through central Iowa, destroying homes and knocking down trees and power lines in the state’s deadliest storm in more than a decade, authorities said. Emergency management officials in Madison County said four were injured and six people were killed Saturday when one tornado touched… Continue reading Officials: $1 Billion in Damages After Tornadoes Tore Through Central Iowa