Tag: homeowners insurance

Rising Insurance Costs Shape Retirement Planning Strategies in 2025

Rising healthcare, long-term care, and homeowners insurance costs challenge retirement planning in 2025, highlighting the importance of Medicare Advantage and health savings accounts.

Mercury Insurance Advises Homeowners on Hail Damage Prevention for 2025 Season

Mercury Insurance shares expert tips to help homeowners prepare for the 2025 hail season, emphasizing roof reinforcement, outdoor item security, and policy review to minimize property damage and insurance claims.

State Farm Seeks to Keep Wildfire Insurance Rate Documents Confidential in California

State Farm requests court to keep documents justifying 17% emergency wildfire insurance rate increase confidential in California, raising Proposition 103 transparency concerns.

State-by-State Cost of Living and Rising Homeowner Insurance Trends for 2025

Explore the 2025 state-by-state analysis of cost of living, housing affordability, and rising homeowner insurance premiums driven by inflation and natural disaster risks impacting the U.S. market.

Illinois Governor Challenges State Farm Homeowners Insurance Rate Hikes

Illinois Governor JB Pritzker challenges State Farm's homeowners insurance rate hikes, citing inconsistent catastrophe loss data and calls for regulatory and legislative actions to protect consumers.

Hawaiʻi Homeowners Face Nonrenewals Amid Rising Insurance Costs and Stricter Underwriting

Hawaiʻi's homeowners face increased insurance nonrenewals and rising premiums due to stricter underwriting on roof age, electrical systems, and proximity to the ocean, highlighting market instability and risk management challenges.

Berkeley Enacts Wildfire Safety Ordinance Amid Insurance Cancellations

Berkeley implements a new wildfire safety ordinance requiring a 5-foot clearance around homes to mitigate fire risk amid rising insurance policy cancellations in the hills.

US Personal Lines Insurance Rates Rise in Q2 2025 Amid Inflation and Catastrophe Risks

US personal lines insurance premiums increased by 4.6% in Q2 2025 due to inflation, claims costs, and weather-related risks, with higher hikes for high-value homes and autos.

Study Finds Partner’s Low Credit Score Can Raise Home Payments by $437 Monthly

New study reveals how a partner's low credit score can increase mortgage payments by $437 monthly due to higher interest rates and insurance costs. Key insights for insurers and mortgage lenders.

Insurance Pullbacks in Disaster-Prone Areas Threaten Homeowner Coverage

Insurance companies are retreating from wildfire and hurricane-prone areas, causing rising premiums and fewer coverage options for homeowners. This shift challenges mortgage lending and exposes growing risks in disaster-prone U.S. regions.