California governor candidates focus on housing and insurance costs
California governor candidates are pitching plans on housing costs, home insurance, rebuilding, rent caps, and homelessness before the June primary
Home Insurance News
Florida homeowners drop coverage as hurricane insurance costs rise
South Florida homeowners face high insurance costs before hurricane season, with some choosing to self-insure despite flood and wind risks
US mortgage rates edge lower as spring home sales stay weak in 2026
Freddie Mac says the 30-year mortgage rate slipped to 6.36%, while higher Treasury yields and weak affordability keep U.S. home sales muted
Colorado passes hail roof grant plan to cut home insurance costs
Colorado lawmakers passed SB155 to fund hail-resistant roof grants through a 0.5% fee on homeowners insurance plans
California insurance commissioner race tests wildfire coverage
California’s insurance commissioner race turns on wildfire claims, State Farm, FAIR Plan pressure, and Jane Kim’s public disaster coverage proposal
Minnesota’s new law bars denial of police damage home insurance claims
Minnesota’s new law requires homeowners insurers to cover damage from police tear gas, smoke, and flash-bangs when owners were innocent parties
California insurers seek home insurance rate hikes under wildfire risk model
Travelers and the Auto Club exchange seek California home insurance rate changes under the state’s 2025 wildfire risk model
California seeks penalties from State Farm over LA wildfire insurance claims
California says State Farm violated claims-handling laws after the 2025 Los Angeles wildfires, with penalties expected in the $ mn range
Americans may overpay $150 bn a year for home insurance
Vanderbilt Policy Accelerator says US households and businesses overpay $150 bn a year for insurance and proposes federal loss-ratio rules
Texas homeowners urged to secure flood insurance cover before hurricane season
Officials across Texas are pushing homeowners to arrange flood insurance ahead of hurricane season, warning that standard policies leave a major gap
Hail claims disputes rise as U.S. home insurance pressure builds
Homeowners challenge claim denials as storms intensify and insurers tighten payouts across high-risk regions
Claim Ready finds coverage gaps in 80% of home insurance policies in Georgia and South Carolina
Claim Ready analysis of 15 home insurance policies found recurring gaps in code upgrade, water backup, mold, liability, and rebuild protection
Florida extends oversight of American Mobile as mobile home insurance strain deepens
Florida regulators extended supervision of American Mobile Insurance Exchange again, as coverage gaps and rising premiums continue to pressure the mobile home market
Minnesota home insurance premiums jumped 34% in a year
Minnesota posted the biggest rise in US homeowner insurance premiums, with costs up 34% as severe weather, repair expenses, and aging homes pushed rates higher
Georgia bill would let property owners sue over local enforcement failures
Georgia lawmakers passed a bill allowing property owners to seek damages from local governments over alleged failures to enforce camping and immigration rules
US mortgage insurers posted strong 2025 underwriting results: Fitch
Fitch said US mortgage insurers delivered a 7.7% loss ratio in 2025, helped by reserve releases, stable home values, and continued high policy persistency
Ontario-Quebec ice storm became Canada’s costliest weather loss of 2025
Insured losses from the March 2025 ice storm in Ontario and Quebec reached CAD 466mn, sharpening calls for stronger resilience planning across Canada
Hail now rivals major hurricanes in insured loss potential in the US
Cotality says hail has become a major insured loss driver, with modern storms causing damage on par with a Category 4 hurricane in the US
Fannie Mae and Freddie Mac updates reduce insurance costs, ease condo access for US homeowners
FHFA updates Fannie Mae and Freddie Mac insurance rules, lowers costs, but stricter condo reviews raise concerns over loan delays
Oklahoma homeowners insurance market faces lawsuits and rate scrutiny
Homeowners insurance pricing in Oklahoma is drawing growing political, legal, and regulatory attention. Premiums in Oklahoma rank among the highest in the United States
California FAIR Plan expands as insurers withdraw from lower-risk neighborhoods
California’s property insurance market shows growing strain as insurers retreat from areas once considered moderate wildfire risk
California bill targets wildfire non-renewals, adds 6-month notice
California lawmakers propose requiring insurers to give six months’ notice and specific reasons before dropping homeowners over wildfire risk
Apartment fire highlights renters insurance gap in North Carolina
Camden Westwood Apartments fire displaces 70 residents, underscoring low renters insurance uptake and replacement cost risks for tenants
UK insurers pay £6.1 bn property insurance claims as weather losses climb
Insurers in the United Kingdom paid out £6.1 bn in property claims during 2025, including £1.5 bn in the fourth quarter alone
Missouri earthquake insurance coverage expands as homeowner take-up falls
Missouri Regulator reports 37% of insurers now write earthquake policies, yet penetration drops to 10.4% statewide
Washington Senate advances wildfire grants and insurance fraud overhaul
Lawmakers approve SB 6079 to fund home hardening and SB 6031 to expand felony fraud definitions and enforcement reach
California weighs first smoke damage standards for insurance claims
California lawmakers are reviewing Assembly Bill 1795, a proposal to establish the first statewide standards in the US for smoke damage insurance claims
Los Angeles wildfires reveal gaps in insurance wildfire risk models
Analysis of the Jan 2025 Los Angeles fires shows why fuel structure, access, and ember dynamics matter more than ignition risk for insurance underwriting
Louisiana insurers push tort reform as home insurance costs bite
Louisiana insurance agents urge lawmakers to cap damages and pass legal reforms as high property insurance costs slow homeownership and limit market competition
Florida bill HB 459 pushes mandatory mediation for disputed property claims
HB 459 would require mediation for disputed property insurance claims, creating faster timelines and shifting many cases to administrative hearings
Climate risk drives insurance spikes and slams home values nationwide
Insurance premiums soar across disaster zones, pushing homeowners to sell, reshaping markets, and dragging down property values in hurricane and wildfire regions
U.S. flood insurance market grown, but only 4% of U.S. homeowners have flood insurance
The U.S. private flood insurance market has grown quickly in recent years, showing favorable underwriting results, but it remains a small part of the property/casualty industry
Louisiana enacts laws to address rising home and auto insurance costs
Louisiana lawmakers have enacted a series of laws aimed at addressing the state’s rising home and auto insurance costs, combining tort reforms, tax deductions for home-hardening projects
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US 30-year mortgage rates reached 7.55% as refinancing and purchase applications declined, raising monthly costs and pushing more borrowers toward ARMs
US home claim severity rose 25.9% in 2025 as wildfire losses, repair inflation and peril shifts reshaped insurer loss trends
Florida’s property insurance market showed its clearest improvement in a decade, with the state’s share of US homeowners claims falling to 4.9% and lawsuits dropping to 41.3%
US private flood insurance market is expanding, addressing the nation’s substantial gap between economic and insured losses from flood events