News
Homeowners insurance rates could reemerge in Illinois legislative session
9+ hour, 38+ min ago (957+ words) SPRINGFIELD " Illinois lawmakers are poised to make a second attempt at passing a bill that would give state regulators more authority to control the rising cost of homeowners insurance. Gov. JB Pritzker called for the legislation last summer after Bloomington-based…...
Winter Storm Fern signals a new reality for home insurance
2+ week, 2+ day ago (582+ words) Extreme weather is no longer an occasional disruption; it is rapidly reshaping the homeowners insurance market. Winter Storm Fern, which brought widespread ice, snow and prolonged freezing temperatures to at least 34 states, is now projected to generate insured losses well…...
As Florida property insurance crisis eases, here are key efforts to lower rates
3+ week, 1+ day ago (96+ words) A rewards program for Florida homeowners without a claims history are among the property insurance-related bills that could lower your bill. This article is available to Insider Pro subscribers only. A rewards program for Florida homeowners without a claims history…...
Bill would require home insurers to consider wildfire prevention efforts
3+ week, 5+ day ago (638+ words) Oregon homeowners who take steps to protect their homes from wildfire could pay less for property insurance under a southern Oregon state senator's proposal to require insurers to consider fire prevention efforts when setting rates. Sen. Jeff Golden, D-Ashland, modeled…...
Oregon bill aims for insurers to recognize wildfire mitigation steps
3+ week, 5+ day ago (893+ words) Proposal could reduce premiums for those taking action SALEM " Oregon lawmakers may require insurance companies to offer discounts to homeowners for wildfire mitigation measures, unless those actions are factored into their risk models. The increased prevalence of devastating wildfires in…...
Insurance carriers can now carve out wildfire coverage from Nevada homeowner policies
3+ week, 6+ day ago (1373+ words) Nevada lawmakers have enacted a first-of-its-kind law designed to keep insurance companies operating in the state as more insurers grow squeamish about doing business in wildfire-prone areas. But opponents worry the bill could make the growing insurance crisis worse. Passed…...
Are home warranties replacing home insurance for some customers?
1+ mon, 1+ week ago (819+ words) Home insurance and home warranties are not created equal. Despite this, some consumers are using home warranties to replace the mechanical breakdown endorsement on a standard home insurance policy. When you think about it, this isn't too surprising, as home…...
Insurance Premium Pressure: 57% Have Made Financial Sacrifices to Afford Home Insurance | Insurify
1+ mon, 1+ week ago (944+ words) High home insurance rates are straining Americans' budgets as they enter 2026. A new survey from Insurify found that 59% of policyholders said their costs increased last year, and 57% have made financial sacrifices to help pay for coverage. They've cut back on…...
Citizens proposes first rate drop in 10 years
1+ mon, 3+ week ago (148+ words) Statewide, Citizens Property Insurance Corp. is recommending an average 2.6% rate decrease for all its noncommercial property insurance lines at the same time it's reached another milestone its leaders say indicates the bad old days of Florida's…...
State Farm Cutting Auto Rates, Hiking Home Premiums in Louisiana | Insurify
1+ mon, 4+ week ago (544+ words) State Farm has good news and bad news for Louisiana policyholders. It plans to cut car insurance rates and increase home insurance rates in the state, affecting more than 1,360,000 policyholders. State Farm is the largest personal auto and homeowners insurer…...