AM Best revised its market segment outlook for the U.S. homeowners insurance segment to stable from negative, according to a new Best’s Market Segment Report titled “Market Segment Outlook: US Homeowners.” The company cited moderating premium growth and stronger catastrophe risk management practices, alongside improved conditions in the property reinsurance market, as key reasons for… Continue reading AM Best Shifts U.S. Homeowners Insurance Outlook to Stable
Tag: homeowners insurance
Homeowners Insurance Premium Increases Threaten Customer Loyalty, J.D. Power Study Finds
Almost half of homeowners insurance customers in the United States have experienced a premium increase in the past year, marking the highest rate of insurer-initiated price hikes in more than a decade.
California Leaders Announce Insurers Returning to the Market
Several homeowners insurance companies that had previously scaled back or left California are now returning or committing to stay in the state, according to an announcement Wednesday by Gov. Gavin Newsom and the California Department of Insurance.
Homeowners Insurance Premium Hikes Challenge Customer Loyalty and Profits, J.D. Power Reports
Nearly half of U.S. homeowners insurance customers faced premium increases over the past year — the highest rate in more than a decade — according to the newly released J.D. Power 2025 U.S. Home Insurance Study℠.
Average U.S. Homeowners Insurance Costs Rise to $2,408 Annually
The average cost of homeowners insurance in the United States has reached $2,408 per year for a policy with $300,000 in dwelling coverage, according to a September 2025 analysis by Bankrate.
Capping Insurance Rates Could Reduce Coverage Options and Viable Insurers in Illinois, Triple-I Warns
The Insurance Information Institute (Triple-I) has released an “Issues Brief” warning that proposals to cap or otherwise regulate homeowners’ insurance rates in Illinois could unintentionally reduce coverage affordability and availability.
Colorado’s FAIR Plan Sees Few Takers Despite Rising Home Insurance Challenges
Homeowners insurance premiums in Colorado rose nearly 58% from 2018 to 2023 due to inflation, catastrophic losses, and repeated wildfire and hail damage, contributing to higher costs, reduced availability, and a national rate of one in seven homes being uninsured.
U.S. Homeowners Insurance Market Outlook: What Agents Need to Know Through 2030
The U.S. homeowners insurance market is entering a new era — one shaped by advanced technology, evolving consumer needs, and the increasing urgency of climate risk.
California Court Rules Wildfire Debris Does Not Constitute “Physical Damage” in Homeowners Insurance Case
A recent California appeals court decision has reaffirmed that wildfire debris does not automatically constitute “direct physical loss or damage” under homeowners insurance policies.
Hawaii Lawmakers Face Challenges in Homeowners Insurance Relief Efforts
Hawaii state lawmakers are working to address rising homeowners insurance rates, but experts caution that meaningful relief may be difficult to achieve.