Westfield Specialty Expands Beyond Lloyd's with New Luxembourg Subsidiary

Westfield Specialty plans to expand from Lloyd's-only underwriting to the company market with a new Luxembourg subsidiary, aiming for sustainable growth and increased specialty insurance capacity.

Home Addition Financing Trends for 2026: Strategic Planning Amid Rising Costs

Explore key financing options for home additions in 2026 amid rising construction costs and tighter lender requirements, including HELOCs, construction loans, and personal loans.

Climate Change Drives Rising Property Insurance Costs and Declining Home Values

Climate change is increasing property insurance rates and lowering home values in risk-prone U.S. regions, impacting insurers, homeowners, and local governments financially.

New York Enables Localities to Increase Senior Property Tax Exemptions Up to 65%

New York law allows local governments to raise property tax exemptions for seniors from 50% to 65%, easing housing costs for older homeowners on fixed incomes.

Bipartisan Housing Reform Bill Removed from Key Defense Legislation, Delaying Affordability Solutions

The bipartisan ROAD to Housing Act, aimed at boosting housing supply and affordability, was removed from major defense legislation by House Republicans, delaying key housing reforms.

Florida Homeowners Face Insurance Challenges Amid Climate-Driven Market Shifts

Florida homeowners face rising insurance premiums and coverage challenges linked to climate risks and market shifts, highlighting the need for resilient building codes and insurance reform.

Governor DeSantis Proposes $117B Florida Budget Focused on Education, Law Enforcement, and Conservation

Florida's 2026-2027 budget proposal allocates $117B with boosts in education funding, law enforcement raises, cancer research, and environmental programs, setting the stage for legislative negotiations.

Study Reveals Credit Score Penalties Outweigh Natural Disaster Risks in Homeowners Insurance

New research reveals that poor credit scores increase homeowners insurance premiums more than living in disaster-prone areas, prompting calls for regulatory reform and pricing transparency in the U.S. insurance market.

Rising Home Insurance Costs in Wisconsin Linked to Disasters and Construction Expenses

Wisconsin home insurance premiums rose 55% from 2017 to 2024, driven by climate disasters and rising construction costs. Explore regulatory impacts and market trends.

Texas Property Tax Proposal Sparks Debate Over Appraisal Caps and Market Impact

Governor Greg Abbott's plan to tighten property appraisal caps aims to reduce property tax unpredictability in Texas but faces criticism from experts citing market distortions and inequities.