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Colorado’s FAIR Plan Sees Few Takers Despite Rising Home Insurance Challenges

Mount Crested Butte, Colorado village in summer with colorful sunrise by wooden lodging houses on hills with green trees

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

Naperville, IL, USA - A large grey and white modern farmhouse with two wooden garage doors, and beautiful landscaping.

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

Close-up portrait of the rubble remains of a kitchen devasted by a fire

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

Palm trees line the coast of a Hawaiian vacation resort by a beach on the island Maui.

Hawaii state lawmakers are working to address rising homeowners insurance rates, but experts caution that meaningful relief may be difficult to achieve.

Homeowners Insurance Costs Surge

The rising cost of homeowners insurance is reshaping the market, driven by a combination of severe weather events and increasing development in disaster-prone areas.

Homeowners Insurance and Cryptocurrency: The 4th Circuit Ruling and Its Impact on Policyholders

Cryptocurrency concept, Person hand typing on keyboard computer with cryptocurrency icon on virtual screen.

A recent ruling by the 4th Circuit Court of Appeals has affirmed what many policyholders may find surprising: homeowners insurance policies do not cover the theft of cryptocurrency.

Mold Coverage in Homeowners Insurance: What Insurers Should Know

Damp buildings damaged by black mold and fungus, dampness or water. infiltration, insulation and mold problems in the wall of the house

Homeowners insurance policies generally cover mold damage if it’s caused by a peril covered under the policy, such as a burst pipe. However, damage resulting from neglect, flooding, or high humidity is typically excluded, creating potential gaps in coverage.

Orion180 Launches Homeowners Insurance Offerings in Ohio

Orion180, a leading innovator in the insurance industry, is excited to announce its continued geographical expansion with its homeowner’s insurance services and coverage offerings into the state of Ohio.

Major Insurer Exits Florida, Leaving Homeowners in Crisis

Farmers Insurance has announced the cancellation of policies for thousands of Florida homeowners. This abrupt decision leaves many residents scrambling.

Wildfires Spark New Home Insurance and Building Standards

There can be many reasons for forest fires. Human-induced factors include negligence, leaving picnic fires unattended, discarding cigarette butts, and intentionally set fires. Additionally, climate change plays a significant role in the increasing frequency and intensity of forest fires. Drought, high temperatures, and winds contribute to the rapid spread of fires, making them more challenging to contain. Forest fires not only harm forests but also pose a significant threat to the millions of living creatures inhabiting them. Birds, mammals, reptiles, insects, and many other species lose their habitats due to fires, putting them at risk of extinction. The damage inflicted on ecosystems and biodiversity by forest fires can take years or even decades to repair. The impacts of fires are not limited to natural life; they also affect human health. Fires release carbon dioxide and other harmful gases into the atmosphere, increasing air pollution and causing respiratory problems. Preventive measures must be taken at both individual and societal levels to prevent and control fires. Protecting forests, implementing preventive measures in fire-prone areas, and strengthening firefighting teams and equipment are crucial. Furthermore, raising awareness in the community and enhancing education on firefighting are essential.

The growing threat of wildfires has prompted a reevaluation of home insurance and building standards. As wildfires become more frequent and severe, insurance companies are adjusting policies and premiums to reflect the heightened risk.