Despite recent legal reforms and new insurers entering the market, most Florida homeowners continue to experience rising home insurance premiums. Data shows varied insurer performance with Citizens Property Insurance reducing premiums but shrinking in policy count. Market competition grows in South Florida, yet overall costs trend upward due to inflation and underwriting dynamics.
Homeowners insurance premiums in the U.S. have increased by 10% due to rising replacement costs and more frequent extreme weather events. Explore strategies to mitigate rate hikes including bundling, weatherproofing, and deductible adjustments.
Minnesota is projected to see the fifth-highest increase in homeowners insurance rates by 2025 due to frequent extreme weather and rising building material costs. Independent agents advise on coverage options and market risks.
Homeowners insurance premiums have increased 10% due to rising natural disaster risks and inflation-driven replacement costs. Learn key strategies to mitigate rate hikes, including home upgrades and policy adjustments.
Homeowners insurance premiums in the U.S. have risen 9.3% since 2024, driven by climate risks and increased deductibles, challenging affordability and complicating mortgage closings. The E&S market grows in catastrophe-prone states.
Homeowners insurance companies are increasingly requiring maintenance and repairs as a condition for policy renewal amid rising claims costs and market pressures. Learn how these underwriting changes affect coverage and policyholder decisions.
Florida appellate court affirms insurer's denial of windstorm damage claim due to nearly two-year delayed notice, reinforcing prompt notice requirements in homeowners insurance.
Florida's OIR and University of Florida partner to enhance home resilience against water intrusion, aiming to reduce insurance costs through advanced building materials and smart technologies.
Explore practical strategies for Detroit homeowners to reduce high homeowners insurance premiums, including brokerage advantages, bundling discounts, and Michigan Basic plan options.
Slide Insurance CEO and COO received $37.7 million combined amid rising homeowners premiums in Florida, raising regulatory and consumer concerns over executive compensation and market impacts.
