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Around 13% of California homeowners worry about losing coverage, according to real estate site Redfin.
Discover why the surplus lines sector has been growing its California home insurance market share in recent years.
Homeowners in the Golden State must navigate insurance instability and uncertainty with care.
The average cost of insuring a U.S. home last year was $1,905 — 50% higher than 2019.
Eight property and casualty insurers have recently been approved to enter the Florida market.
Declining premium revenues, lower rates, underwriting volatility and litigation led to this hardening, Fitch Ratings says.
Insurers across all lines wrote $960,802,932,489 in direct premiums in 2023, according to NAIC market share report.
Recent sales statistics indicate the electronic vehicle market is down but not out.
ValuePenguin survey results reveal Honda CR-V and Ford F-Series models are the most affordable vehicles to insure, while Tesla's Y model tops the list for most expensive auto insurance rates.
Most policyholders blame inflation and home prices for recent premium increases.
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