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The cost is down 16.5% from last year, according to The Insurance Information Institute.
July 6 -
The state forecasts eroding coastlines will endanger $18 billion of existing homes and commercial buildings in the coming decades.
July 3 -
The state's insurer of last resort is facing an investigation by the California Department of Insurance as well as lawsuits from policyholders.
June 26 -
Because of its soil and its status as the world's fastest-warming continent, Europe is particularly exposed. The European Central Bank estimates the region's potential damage from sinking land at more than €2.5 trillion ($2.9 billion) across all euro-area financial institutions.
June 13 -
As the U.S. heads into peak hailstorm season, homeowners that have installed solar power face the prospect of chunks of ice damaging their panels.
May 27 -
As EV adoption increases and residential charging becomes the norm, fire risk has emerged as a meaningful coverage concern.
May 8Hi Marley -
Insurers had already doled out more than $12 billion to pay for wildfire damages as of early March, according to California state officials.
April 8 -
California is emerging from its wettest time of the year with new fire and drought risks.
April 2 -
Slow repair cycle times, widespread premium increases and the volume of catastrophic events all contribute to dissatisfaction, according to the U.S. Property Claims Satisfaction Study from J.D. Power.
March 31 -
The top five insurance companies have an average homeowners market share of 9.15% as of December 31, 2024.
March 27