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Cost of property coverage rose more than 55% over the last five years and it'll likely keep rising through 2024, a report from Guaranteed Rate found.
3h ago -
Natural disasters have hammered U.S. home insurers and hindered some stateside origination activity, but no American lender has publicly pronounced a pullback over climate risks.
March 7 -
The volume of active for-sale condo listings in the Sunshine State increased by 40% last month compared to a year earlier, Redfin said.
February 26 -
The frozen rain pellets which can destroy roofs, sidings and windows were responsible for the largest percentage of insured loss last year.
February 22 -
The Charlotte, North Carolina, company has agreed to sell its remaining 80% stake in its insurance brokerage unit to raise billions of dollars in cash and extra capital. The "wild card" is how Truist will deploy them, one analyst says.
February 20 -
Homeowners from Sarasota south to Naples, known for its eight-figure waterfront mansions, are having a tougher time selling their properties, and the buildup in inventory has caused home prices to fall at some of the fastest rates in the nation.
February 14 -
Lawmakers criticized the Biden administration's Risk Rating 2.0 effort — which was meant to reduce insurance premiums by developing more refined models — as ineffective, arguing that the program has increased rate premiums in vulnerable areas.
January 25 -
More borrowers are taking action but lack good information, Fannie Mae finds. Meanwhile, premiums are up yet insurers struggle to profit, a separate KBRA study shows.
December 12 -
Over half of mortgage professionals in an upcoming Arizent survey suggest severe weather events will disrupt the housing market next year.
December 8 -
Frequent federal budget impasses increase insurance concerns and threaten to jack up financing costs that are already straining lenders.
November 14