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.
Tag: property insurance
Minnesota HOA Communities Grapple with Soaring Property Insurance Costs
A growing number of Minnesota’s condominium and townhouse communities are seeing sharp increases in property insurance rates, with some rising by as much as 400 percent.
Property Insurance Market Sees Strong Performance Amid Challenges
The property and casualty (P&C) insurance industry is reporting strong financial results despite rising inflation and recent natural disasters. Insurers have been able to offset higher loss costs through pricing adjustments and strategic underwriting, leading to improved profitability.
Florida Lawmakers Launch Investigation Into Insurance Company Finances
The Florida House of Representatives is set to conduct hearings examining the financial practices of property insurance companies in the state. The move follows recent reports suggesting that some insurers may have shifted funds to affiliated companies while reporting financial losses.
Minnesota Home Insurance Rates Surge as Storm Damage and Industry Shifts Drive Up Costs
Homeowners across Minnesota are facing steep property insurance rate increases, with industry experts warning that relief is unlikely in the near future.
Hawaii Lawmakers Aim to Stabilize Property Insurance Amid Rising Climate Risks
Hawaii lawmakers opened their legislative session with a commitment to stabilize the state’s property insurance market, which has been shaken by climate change-driven disasters like hurricanes and wildfires.
California’s 2025 Property Insurance Update: What You Need to Know
The California Department of Insurance has released its 2025 Annual Notice detailing significant laws governing residential property insurance policies.
Florida Property Insurance Market Sees Stabilization Thanks to Legislative Reforms
Florida’s property insurance market is showing signs of recovery following recent legislative changes aimed at stabilizing the industry.
Could Tropical Storm Francine Deepen Louisiana’s Property Insurance Woes?
As Tropical Storm Francine barrels toward Louisiana, growing concerns exist that it could aggravate the state’s already precarious property insurance crisis. Louisiana has been reeling from the fallout of multiple hurricanes in recent years, and Francine may prove to be another blow to both homeowners and the insurance industry.
Wind Mitigation Inspections: A Hidden Gem for Homeowners
In Louisiana, wind mitigation inspections have become a valuable yet underutilized resource for homeowners seeking to reduce their property insurance costs.