Tag: Homeowners Insurance

Oklahoma Proposes 2026 Insurance Reforms to Enhance Consumer Protections

Oklahoma's 2026 insurance reform package aims to enhance consumer protections, expedite claims processing, and stabilize the homeowners insurance market with new regulatory measures.

Georgia Doubles Notice Period for Homeowners Insurance Cancellations

Georgia lawmakers extend homeowner insurance cancellation notices from 30 to 60 days and introduce catastrophe savings accounts with tax benefits to improve financial resilience and market stability.

Georgia Launches Catastrophe Savings Accounts to Offset Rising Disaster Costs

Georgia introduces catastrophe savings accounts to help homeowners manage rising disaster expenses with tax advantages and insurance deductible support.

Mark Hillman on Reforms to Address Colorado's High Insurance Premiums

Mark Hillman discusses potential reforms to reduce Colorado's high homeowners and auto insurance premiums, focusing on regulatory and market solutions to enhance affordability and market stability.

Calls for Reform in Florida Citizens Forced Arbitration Process

A coalition urges the Florida Insurance Commissioner to reform Florida Citizens Insurance's forced arbitration process due to high policyholder losses and limited relief options after disasters.

Louisiana Homeowners Insurance Premiums Adjusted Amid Market and Regulatory Shifts

Louisiana insurance regulators approve mixed homeowners insurance premium changes as reinsurance costs decline and hurricane risk models impact rate adjustments for major insurers.

Florida Property Insurance Market Strengthens Post-2022 Reforms

ALIRT's 2025 update highlights substantial improvement in Florida's domestic property insurance market following 2022 legislative reforms, with increased insurer participation and strengthened market fundamentals.

Fire Safety Tips and Global Retirement Trends from T. Rowe Price Survey

Explore essential home fire safety upgrades and key insights from T. Rowe Price’s Global Retirement Survey, highlighting inflation concerns and retirement planning trends worldwide.

Louisiana Approves State Farm Auto Rate Cuts Amid Claims Frequency Drop

Louisiana approves a 5.9% State Farm auto insurance rate decrease driven by fewer claims, while homeowners insurance rates rise 9.7%. Industry surveys point to labor rate reductions in collision repairs.

NBER Report Highlights Rising Household Costs from Climate-Related Disasters

The NBER report estimates U.S. households face $400-$900 annually in climate-related costs from extreme weather, with rising insurance premiums, energy bills, and health impacts driving up expenses.