U.S. insurers and homeowners face greater risks and higher costs as extreme weather events including hurricanes, wildfires and floods become more frequent and intense, according to S&P Global Ratings, New York.
Tag: Homeowners Insurance
LendingTree: 1 in 4 Worry Their Home Will Be ‘Uninsurable’ in 2024
More than one-quarter of U.S. homeowners worry their homes will become “uninsurable” as rates continue to increase, reported LendingTree, Charlotte, N.C.
Guaranteed Rate: Home Insurance Prices Up 19% in 2023
Guaranteed Rate Insurance, Chicago, released a proprietary homeowners insurance study, finding home insurance prices increased 19% from first-half 2022 to first-half 2023 and 55% since 2019.