Category: Homeowners Insurance

We explore all property insurance for homeowners as well as industry updates. Renters, condo, earthquake insurance as well as flood insurance are all topics covered. Flood insurance is undergoing a slew of changes all over the world that are making headlines daily

5,000 Denials and Counting: Why Nevada Homeowners Are in Crisis Mode

Ben Jones
Nevada Homeowners Are in Crisis

Wildfire Risks Leave Nevada Homeowners Without Insurance Imagine opening a notice in the mail and discovering your home insurance has been canceled. For hundreds of homeowners in Nevada, this isn’t a hypothetical situation. Insurance companies, wary of increasing wildfire risks, are pulling out of high-risk areas, leaving families scrambling for coverage and, in many cases, coming up empty. A striking 481 homeowners in Nevada saw their insurance policies canceled or were denied renewal in 2023 due to wildfire risks. That’s an 82% rise compared to the previous year. What’s worse,…

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Colorado’s Home Insurance Rules Echo the Affordable Care Act for Health Insurers

Nordstrom
Coloroda Home Insurance Reforms

Colorado is rolling out major reforms to its home insurance market, and if the changes feel familiar, there’s good reason. The state’s new legislation bears a striking resemblance to the Affordable Care Act (ACA) in how it aims to ensure fairness and hold insurers accountable. But unlike health insurance, where metrics like medical loss ratios are more stable, applying similar rules to home insurance opens up a whole new set of challenges. What’s the 75% Rule All About? Under the new law, Colorado home insurers are required to spend at…

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Homeowners Insurance in Colorado Is Out of Control. Here’s How the State Is Fighting Back

Logan B.
Homeowners Insurance in Colorado

Colorado’s Push to Tame Homeowners Insurance Costs with State-Funded Programs With insurance rates soaring and natural disasters reshaping risk models, Colorado is taking bold strides to tackle skyrocketing homeowners insurance costs. From introducing a new state-backed reinsurance program to launching the FAIR Plan for vulnerable properties, policymakers are navigating a labyrinth of challenges to bring relief to stressed homeowners. But as with any grand plan, the devil is in the details. Understanding the Proposed Fee At the core of Colorado’s legislative efforts lies House Bill 1302, a proposal designed to…

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Florida Property Insurance Shake-Up: What Every Homeowner Must Know in 2025

Tate Ellison
Florida Property Insurance

Florida Property Insurance – New Players, Wildfire Risks, and Legislative Shifts The property insurance market in Florida has long been a hot topic, and 2025 is no exception. With new insurers entering the state, wildfire hazard maps being updated, and ongoing legislative battles shaping the landscape, Floridians are witnessing significant developments. But what does all this mean for homeowners, insurers, and the future of property coverage in the Sunshine State? Here’s a closer look. Florida Welcomes New Insurers Amid Shifting Market Dynamics Over the past two years, Florida has seen…

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Legislative Focus Shines on Insurance Reforms in Washington State

Nordstrom
Insurance Reforms

Senate Bill 5419 Aims to Overhaul Fire Loss Data Collection Washington’s Insurance Commissioner Patty Kuderer has thrown her legislative weight behind Senate Bill 5419, an initiative that proposes shifting the responsibility for collecting fire loss insurance data from the State Fire Marshal to the Office of the Insurance Commissioner (OIC). The bill, approved by the Washington Senate, represents a calculated move to streamline data collection and improve regulatory oversight of fire-related insurance claims. It now awaits scheduled debate in the House of Representatives. “In its current form, the system is…

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Why Insurance Stocks Like Allstate Are Holding Ground in a Changing Climate

Tate Ellison
Allstate Insurance Stocks

Why Look at Insurance Stocks? Insurance companies are finding ways to stay grounded despite the wild world around them. Stocks like those from Allstate (NYSE: ALL) are proving interesting for investors, even with climate risks becoming a bigger threat each year. Here’s an example: Allstate is sitting on a market value of about $47.85 billion – info per investing.com. They’ve got a price-to-earnings ratio of 10.78, meaning the stock’s price isn’t overly inflated compared to its earnings. And their 2.18% dividend yield isn’t bad if you’re looking for income along…

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The $1,200 Club: States That Keep Your Home Insurance Premiums Low

Logan B.
Home Insurance Premiums

How Natural Disasters Are Reshaping Home Insurance Premiums in the U.S. The wrath of Mother Nature is becoming harder to ignore. From devastating hurricanes to relentless floods, natural disasters are not just becoming more frequent but also more severe. For homeowners across the United States, these escalating risks translate directly into rising home insurance premiums. These aren’t just abstract percentages; they’re real costs reshaping household budgets as many brace for the increasingly unpredictable. The Rising Cost of Safety: Home Insurance Premiums Skyrocket Hurricanes Helene and Milton didn’t just batter Florida’s…

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