By Nadia Lopez | Bloomberg Allstate Corp. will raise homeowners insurance premiums for California customers by an average of 34.1 percent, the biggest increase in premiums for a major insurer in three years as the state faces a worsening property insurance crisis. The rate increase, which will take effect in November, will affect around 350,000 […]
NEW ORLEANS (WVUE) – While homeowners bear the brunt of Louisiana’s ongoing insurance crisis, landlords may face an even tougher battle. As home insurance premiums skyrocket across the state, landlords are coming under increasing pressure, which in turn is driving up rent prices for tenants. “The insurance crisis hit landlords first,” said Andreanecia Morris, executive […]
By Levi Sumagaysay/CalMatters Originally published on August 13, 2024 Like single-family homeowners in California, landlords must pay higher insurance premiums. And they pass some of these costs on to their tenants. Many insurance companies have stopped writing policies in the state because of the increased wildfire risk, but that’s not the only reason. They say […]
A food truck in the UK offers its customers “seagull insurance” with their meals in case the annoying birds fly away with the food. Hawkins BBQ on the tiny Isle of Man in the Irish Sea between Ireland and Great Britain offers the insurance for just one pound extra – about $1.30. “I think it’s […]
Multifamily investor Lynd is considering asking its investors in a Miami Gardens apartment complex for additional capital as soaring insurance premiums and other cost increases weigh on the South Florida real estate market. The San Antonio, Texas-based company has warned investors in the 234-unit Parc Place Apartments that it may ask them for $9.1 million […]
(WFSB) – If your home or car was flooded in Sunday’s flooding, or you’ve ever found yourself in such a situation, the I-Team talked to experts about what to do. Flooding at home Most home insurance policies won’t cover the damage. You’ll usually need separate flood insurance to cover everything. Before you do anything, turn […]
American homeowners living in vulnerable regions have long been accustomed to dealing with extreme weather events, but climate change is changing the landscape for the home insurance industry in ways they could not have prepared for. Faced with greater risks and potentially higher claims, property insurance is simply disappearing from the most dangerous areas of […]
Indianapolis Metropolitan Police have arrested a man on two counts of arson after he was accused of setting fire to his own home and barricading himself inside. At around 5:45 p.m. Saturday, Indianapolis Metropolitan Police responded to a call from a private residence in the 1100 block of Mount Street, where they removed a man […]
PAMPLIN, Va. (WSET) — The storm on Thursday caused power outages in many cities, flooded streets and trees, and the house of a family from Pamplin was significantly damaged. The Appomattox Volunteer Fire Department was called to a home in Pamplin in the 1400 block of Richmond Highway shortly after 6 p.m. Thursday evening. According […]
