Homeowners insurance

States warn that eliminating the BRIC program could leave rural areas vulnerable to extreme weather.

The cost is down 16.5% from last year, according to The Insurance Information Institute.

The state forecasts eroding coastlines will endanger $18 billion of existing homes and commercial buildings in the coming decades.

The state's insurer of last resort is facing an investigation by the California Department of Insurance as well as lawsuits from policyholders.

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.

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.

As EV adoption increases and residential charging becomes the norm, fire risk has emerged as a meaningful coverage concern.

Insurers had already doled out more than $12 billion to pay for wildfire damages as of early March, according to California state officials.

California is emerging from its wettest time of the year with new fire and drought risks.

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.

The top five insurance companies have an average homeowners market share of 9.15% as of December 31, 2024.

California's insurer of last resort is careening toward another hot and dry summer with its coffers already strained. That's raising the prospect that state residents will need to pick up the bill for more funds.

HSB, a part of Munich Re, partners with Flume; Kin expands into California, plus more insurtech news.

First came a dry spell that parched the land, then a spark, followed by some wind. Suddenly, swaths of South Carolina were consumed by voracious flames.

The National Flood Insurance Program, estimated to cover over 4 million homeowners, is set to lapse next Friday along with the federal budget.

The jump, which represents an ICE Mortgage Technology survey high, reflects the past cost of natural disasters like hurricanes in the Southeast.

California leads the nation with over 1.5 million at-risk properties, but many threatened homes sit east including $68 billion worth of Florida real estate.

The rapid rise in the cost of both insurance coverage and taxes leaves close to half of homeowners worried about their ability to make payments.

Many homes that burned in the Eaton Fire lay outside the boundaries of state- or local-designated "very high" fire hazard severity zones, Bloomberg Green found after analyzing inspection reports by the California Department of Forestry and Fire Protection, or Cal Fire, for more than 20,000 residential properties in areas affected by the recent wildfires.

Between the estimated damages in Los Angeles and rising home insurance prices, policyholders are left wondering how the market will fare in 2025.