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The average year-over-year hike was 13.6%, and was worse in some places.

In addition, SafePoint Insurance and an affiliate are taking on nearly 20K policies from Louisiana Citizens Insurance.

The Census Bureau says developers need nearly six weeks longer to build a single-family house than the average completion time in 2021.

Just 2% of policyholders that have faced extreme weather think their homes will never see weather damages again.

Customers expect insurers to share information that illuminates the hidden dangers of their daily routines and to give guidance on minimizing the likelihood of adverse outcomes.

State Farm is expected to maintain its leading market share in California even without writing new business, according to Fitch Ratings.

Growing construction costs, increasing catastrophe exposure and a difficult reinsurance market led to the decision, according to the company.

Underwriting has also tightened, particularly for properties on the coast or in areas prone to natural catastrophes.