Tag #Home Insurance

Showing 1 to 12 of 12 results

liberation.fr
🌐 75% Global Worthiness
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French Car and Home Insurance Premiums to Rise Significantly in 2026

French car and home insurance premiums are set to increase by 7.5% to 8% for multi-risk home insurance and around 5% for car insurance in 2026, driven by increased frequency and intensity of climate-related disasters and rising repair costs.

Progress

16% Bias Score

Climate Action
sueddeutsche.de
🌐 65% Global Worthiness
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German Home Renovations: Crucial Insurance Adjustments

Homeowners in Germany undertaking renovations must review insurance; larger projects necessitate builder's liability insurance; failure to inform insurers of changes may void coverage.

Progress

32% Bias Score

Responsible Consumption and Production
forbes.com
🌐 85% Global Worthiness
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Skyrocketing Home Insurance Costs Exacerbate Housing Crisis

Soaring home insurance costs, exceeding inflation by more than 20 percent over the past decade, are significantly impacting housing affordability, particularly for first-time homebuyers, delaying family formation for many couples and contributing to the lowest homebuying rates in four decades.

Progress

40% Bias Score

No Poverty
theguardian.com
🌐 85% Global Worthiness
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State Farm Seeks 30% Home Insurance Rate Hike in California

State Farm seeks a 30% rate increase for California homeowners insurance, adding to a recent 17% hike, citing severe capital depletion after wildfires; the increase could cost homeowners $600 annually, condo owners $163, and renters $30, pending a hearing on October 20th.

Progress

36% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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State Farm Seeks Rate Hike After Devastating California Wildfires

Following January's California wildfires that destroyed over 16,000 homes, State Farm, facing \$7.5 billion in claims, is seeking a 15-38% rate increase; Senator Adam Schiff introduced a bill to offer federal tax credits for home retrofitting to increase resilience against future disasters.

Progress

40% Bias Score

Sustainable Cities and Communities
theglobeandmail.com
🌐 75% Global Worthiness
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US Tariffs Drive Up Canadian Home Insurance Premiums

New U.S. tariffs on building materials are raising Canadian home insurance premiums, adding to pressures from rising natural disaster costs; insurers are seeking alternatives to mitigate the impact but expect continued cost pressures.

Progress

36% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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Mercury Insurance Requests 6.9% Rate Hike in California Amidst Wildfire Risks and New State Reforms

Mercury Insurance, California's third-largest home insurer, requested a 6.9 percent average rate hike due to inflation and wildfire risk, leveraging new state reforms allowing use of catastrophe models to justify increases based on projected future losses, not just historical claims; this follows St...

Progress

36% Bias Score

Climate Action
dailymail.co.uk
🌐 85% Global Worthiness
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State Farm's 27.2% Illinois Home Insurance Hike Sparks Backlash

State Farm raised Illinois home insurance rates by 27.2 percent, adding $746 annually to the average bill, due to increased claims exceeding premiums (1.26 dollars paid out for every dollar collected in 2024), primarily from hail damage; Illinois lacks a rate review process, unlike many other states...

Progress

44% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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Ontario Home Insurance Premiums Surge 84% Amidst Calls for Regulatory Investigation

Investors for Paris Compliance is urging Ontario's financial services regulator to investigate a nearly 84 percent increase in home insurance premiums between 2014 and 2024, citing a lack of transparency in risk assessment and the need for data sharing similar to auto insurance regulations.

Progress

36% Bias Score

Climate Action
theglobeandmail.com
🌐 85% Global Worthiness
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Lawsuits Accuse Insurers of Collusion, Forcing Homeowners onto California's FAIR Plan

Two lawsuits allege that major home insurers in California colluded to limit coverage in wildfire-prone areas, forcing hundreds of homeowners onto the FAIR Plan after the January wildfires that destroyed nearly 17,000 structures and killed at least 30 people, violating state antitrust laws.

Progress

40% Bias Score

Reduced Inequality
cbsnews.com
🌐 85% Global Worthiness
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California's FAIR Plan Overwhelmed by Low-Risk Homeowners Amid Insurer Withdrawals

Due to private insurers' withdrawal from the California home insurance market, hundreds of thousands of homeowners, many in low-risk areas, are being forced onto the state's FAIR plan, a last-resort insurer, creating a financial strain and potential instability for the system.

Progress

44% Bias Score

Reduced Inequality
cnbc.com
🌐 85% Global Worthiness
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LA Wildfires Push Home Insurance Premiums to Record Highs

The Los Angeles wildfires, potentially exceeding \$20 billion in insured losses, are causing dramatic increases in homeowner insurance premiums across the US, driven by increased frequency and severity of natural disasters and rising rebuilding costs, potentially leaving many homeowners underinsured...

Progress

36% Bias Score

Climate Action

Showing 1 to 12 of 12 results