Tag Archives: homeowners insurance

The homeowner affordability crisis is about to explode due to ‘TI’

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Soaring property tax and homeowners’ insurance costs have made homeownership less affordable than any time since the 1980s, Bernice Ross writes. Continue reading →

State Farm seeks double-digit rate hike in California in wake of LA fires

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The insurer asked the California Department of Insurance to raise rates by an average of 22 percent “to help avert a dire situation” as the company pays thousands of claims related to the fires. Continue reading →

LA agents implore government to pause ULA Tax in wake of wildfires

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Authored by Jason Oppenheim and Ben Belack, the letter, signed by 45 agents, also asks government officials to increase California FAIR Plan wildfire insurance coverage, make an exception for building codes, pause property taxes and more. Continue reading →

Historic wildfires will undeniably exacerbate LA’s housing shortage

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Rents are expected to “surge,” according to CoreLogic Chief Economist Dr. Selma Hepp. Just how much of a housing shortage the county will face remains to be seen as families decide over the next few months whether they will even stay in LA. Continue reading →

After accident, Utah Realtor raises alarm over kids at home showings

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Some parents enjoy having children involved in the decision-making process of buying a home by accompanying them on showings. But is it worth the risk? One Utah-based Realtor says no. Continue reading →

Cost of insurance, property tax top triggers of mortgage delinquencies

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Hidden costs of homeownership, like property taxes and homeowners insurance, were given a 37 percent risk factor for triggering mortgage delinquency by leaders in default servicing, according to a survey by Auction.com. Continue reading →

Floridians grapple with insurance changes as hurricane season nears

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Seventy percent of Florida homeowners — or the area in which they live — have been impacted by changes to cost or coverage of home insurance in the last year, according to a report issued Wednesday by Redfin. Continue reading →

Regulators place Porch’s insurance subsidiary under supervision

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Fallout from the bankruptcy of reinsurer Vesttoo Ltd. ripples through the insurance industry, with Texas regulators keeping tabs on Homeowners of America Insurance Co. Continue reading →

What you don’t know about insurance can hurt your clients

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Insurance as a hot-button issue is likely not going away anytime soon. Unfortunately, as long as Mother Nature is in control, agents, buyers and sellers need to be more proactive than ever, broker Cara Ameer writes. Continue reading →

State Farm exits California homeowners’ insurance market

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Inflation, construction costs and intensifying wildfire seasons pushed State Farm to stop taking new homeowners’ insurance applications in California, the insurance giant announced Friday. Continue reading →