Homeowners insurance

Gen Z and Millennial homeowners also face unexpected expenses after closing, underscoring need for more education on the part of mortgage professionals.

More powerful storms and pricier building costs are behind the increases in premiums, said the report's authors.

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

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

While attention traditionally focuses on damage to coastal markets, the economic effects stretch into "safer" communities nationwide, according to Cotality.

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

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 federal district court order in Mississippi allows allegations of servicer responsibility for insurance shortcomings and excessive costs to proceed.

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

The provisionally approved rate hike would provide financial relief to State Farm's California subsidiary, which has said it needs to shore up confidence with solvency regulators and ratings agencies.