Insurance

A bill proposed by a Miami lawmaker wants to bar Citizens from offering coverage to condos that don't comply with new safety rules.

California homeowners with Mercury General and Safeco policies are going to see their premiums increase this year.

Proposed legislation could force insurers in California to pay 100 percent of the coverage for belongings inside homes destroyed by wildfires without itemization.

Thousands of homeowners in Florida have seen their claims rejected by insurers, while others are still waiting for their payments.

The conditions that have created the ongoing insurance crises in California and Florida are likely to be replicated in other states, experts warn.

State regulators approved a $1 billion bailout of California's insurer of last resort so that it could continue paying claims.

Two Florida lawmakers are trying to add scrutiny over homeowners insurance companies when they ask for rate hikes.

As home insurance gets more costly and availability drops in California and Florida, experts debate whether a national system could solve the crisis.

Noah Lee was told by the insurance company that he would not receive $10,000 after making four shots at a UMass game on Wednesday.

Wildfire risk is expected to continue growing in Texas, threatening the stability of the state's homeowners insurance market, experts warned.

Governor Ron DeSantis said most homeowners in Miami-Dade and Broward Counties will see their premiums with Citizens drop in 2025.

The California insurance crisis laid bare by the Los Angeles fires was fueled by "regulatory failure," economist Nancy Wallace told Newsweek.

State Farm came under fire for seeking a 22 percent rate hike, with a 38 percent increase for renters, after the California wildfires.

This year could bring positive changes to the state's property insurance market, which has faced limited availability and skyrocketing premiums.

Georgia's tort reform targets rising insurance rates. Critics argue it restricts consumer rights and benefits insurers.

The Sunshine State's insurance commissioner has approved a new insurer to enter Florida's troubled market.

The new Department of Government Efficiency can't go after Medicare or Social Security. That leaves Medicaid in a vulnerable position.

Minnesota saw the largest increase in car insurance premiums in the country in 2024, according to a new report by Insurify.

The cost of cancer may be higher than previously estimated, according to a recent report from the American Cancer Society.

A couple of Pacific Palisades residents were dropped by their insurer a few months ago. Last week, their home was burned to the ground.

A Florida state senator aims to improve regulations around how insurers notify policyholders of cancellations, non-renewals, and rate hikes.

The Federal Trade Commission said three top pharmacy suppliers made profits of 7,700 percent on a lifesaving hypertension drug.

Insurance firm State Farm said its focus now is on responding to the California wildfires.

Changes in California's Fair Access to Insurance Requirements (FAIR) plan could mean higher expenses for homeowners after fires.

California's largest homeowner insurer, State Farm, is offering renewals to policyholders in areas affected by the fires.

Some of the biggest insurers in California had the highest number of national claim denials in 2023, according to Weiss Ratings.

Newsweek asked experts on the insurance market if they expect insurers to survive the financial fallout of these fires.

As the scope of the losses caused by the Los Angeles wildfires unfolds, experts say the blazes are likely to bring higher premiums and more coverage cuts.

Losses of up to $150 billion could result from the LA fires and lawyer Neama Rahmani suggests that those affected keep careful records and document possessions.

State Farm and other insurers in California have cut policies in the past year to reduce their exposure to risks like wildfires.