Crisis
Long recognized as the nation’s most hurricane-prone condition, Florida has realized a new status that is aggravating hurricane anxieties and threatening real-estate values. Florida has the worst house-insurance coverage current market. 4 Florida coverage businesses have declared individual bankruptcy given that April, and many others are canceling or not renewing […]
Tens of thousands of people are scrambling for homeowners insurance in Louisiana at the peak of hurricane season after recent storms drove their carriers out of business. The crisis has sent insurance prices soaring and stoked fears that the Gulf Coast will grow too expensive to inhabit as climate change […]
The China Banking and Insurance Regulatory Commission (CBIRC) reiterated Thursday that it will offer “lively credit score support” for residence developers, so they can total delayed or stalled assignments as soon as attainable. It also urged banking institutions to concern more mortgage financial loans to experienced homebuyers to guidance demand […]
A increasing amount of economically squeezed homes are “turning to crime” by publishing bogus insurance claims, with facts revealing a sharp rise in cases over the previous calendar year. Zurich United kingdom, a person of Britain’s most important insurers, said the expense of residing disaster was fuelling the raise in […]
/cloudfront-us-east-1.images.arcpublishing.com/gray/WKQ7FUAJ4BADJOFNSXQ4AFGFGI.jpg)
NEW ORLEANS (WVUE) – 42,000 householders are seeking for a new insurance coverage policy as of Friday. The firm, Southern Fidelity dropped them and now they have 60 times to locate a new policy. Almost 100,000 policyholders full have been dropped by Southern Fidelity, Lighthouse Excalibur and Maison. Insurance policy […]
Sharon Miller, president of Small Business and head of Specialty Banking and Lending at Bank of America, weighs in on the bank’s small business owner report and discusses how entrepreneurs are navigating the challenges. Parents of infants across the U.S. are taking to social media pleading for media coverage and […]
The Florida property insurance market is in trouble. “For the last two years, the private companies operating in Florida have had a combined negative net income of $1 billion. So, the market is fundamentally shutting down.” It’s bad for homeowners too. “Consumers are on life support right now. They are […]
TAMPA, Fla. (WFLA) — More homeowners are turning to 8 On Your Side, devastated as the soaring cost of property insurance threatens to ruin them financially. For homeowners like Lonnie Brown, panic is setting in. His annual property insurance rate increased by $2,000 dollars. Florida homeowners insurance crisis: Tampa Bay […]
ORLANDO, Fla. – When Florida lawmakers left Tallahassee a few weeks ago following the annual legislative session, they failed to address the major insurance crisis impacting homeowners across the state. Florida homeowners are seeing their premiums jump — sometimes by more than triple — or their policies are getting dropped […]
