Insurance

"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.

Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.

The National Flood Insurance Program would ideally be approved yearly, but instead it has gone through 29 reauthorizations since 2017.

State restrictions on the use of credit scores appear to help a wide range of consumers cut homeowner insurance costs to varying degrees, according to Matic.

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.

Natural disasters have hammered U.S. home insurers and hindered some stateside origination activity, but no American lender has publicly pronounced a pullback over climate risks.

The volume of active for-sale condo listings in the Sunshine State increased by 40% last month compared to a year earlier, Redfin said.

The frozen rain pellets which can destroy roofs, sidings and windows were responsible for the largest percentage of insured loss last year.

The Charlotte, North Carolina, company has agreed to sell its remaining 80% stake in its insurance brokerage unit to raise billions of dollars in cash and extra capital. The "wild card" is how Truist will deploy them, one analyst says.

Homeowners from Sarasota south to Naples, known for its eight-figure waterfront mansions, are having a tougher time selling their properties, and the buildup in inventory has caused home prices to fall at some of the fastest rates in the nation.

Lawmakers criticized the Biden administration's Risk Rating 2.0 effort — which was meant to reduce insurance premiums by developing more refined models — as ineffective, arguing that the program has increased rate premiums in vulnerable areas.

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.

Over half of mortgage professionals in an upcoming Arizent survey suggest severe weather events will disrupt the housing market next year.

Frequent federal budget impasses increase insurance concerns and threaten to jack up financing costs that are already straining lenders.

The market could find out next year how well foreclosure prevention innovations and home equity protect borrowers from growing strains on affordability.

As insurers automate more aspects of the insurance experience, it expands how services are provided and priced for policyholders.

The digital lender's product comes amid soaring expenses for homeowner's coverage.

The bipartisan deal struck Saturday temporarily allays concerns that would've required workarounds in parts of the lending process reliant on government agencies.

The indictment of Sen. Bob Menendez, D-N.J., is inconvenient for some Democratic priorities, but unlikely to impact a cannabis banking bill up for debate in the Senate Banking Committee.

A combination of economic and environmental factors are sending property and flood coverage premiums soaring, which can make costs insurmountable for some.