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"Lax regulation and monitoring of property insurers makes Florida mortgage markets far more exposed to climate risk than people might think," said Parinitha Sastry, an author of a working paper by researchers at Harvard University, Columbia University and the Federal Reserve.
April 24 -
Cost of property coverage rose more than 55% over the last five years and it'll likely keep rising through 2024, a report from Guaranteed Rate found.
March 14 -
More borrowers are taking action but lack good information, Fannie Mae finds. Meanwhile, premiums are up yet insurers struggle to profit, a separate KBRA study shows.
December 12 -
The market could find out next year how well foreclosure prevention innovations and home equity protect borrowers from growing strains on affordability.
November 10 -
Since 2019, distressed loans have increased 77%, but it is just a small portion of the $691 billion currently outstanding.
September 21 -
The power to quickly ingest and analyze large loads of data has become more critical to many businesses that require quick turnarounds in their decision making, technology leaders said.
September 12 -
Reeling from four hurricanes in 2020 and 2021 that caused $23 billion in damage, the state is undergoing an insurance calamity that is harming its economy and even reducing its population.
September 11 -
The storm is slamming housing markets already beset by some of the nation's highest property insurance premiums.
August 30 -
The growth in market share comes as the national insurance program has instituted a risk-based pricing regime that's led to some fluctuation in rates.
August 21 -
Major firms cite costly devastating hurricanes and widespread litigation against the industry as reasons to sunset policies for an unspecified number of property owners.
July 26