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L.A. Wildfire Victims Sue Insurance Carriers for Dropping Fire Coverage

Published by REALTOR.com | April 22, 2025 The lawsuit claims the homeowners found themselves underinsured with more expensive policies. A group of Los Angeles residents who lost their homes in the January wildfires launched a lawsuit against major insurers for dropping fire coverage. The 14 families, who lost their homes in the fires, have slammed …

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Florida Insurers Sent Billions to Affiliates While Claiming Losses

Fraud, Insurance / By W. J. Mencarow

Published by Newsweek | February 23, 2025 Insurance has been a major issue in the Sunshine State in recent years, as hurricanes and storms have had a devastating impact. As Florida homeowners recover from years of skyrocketing insurance premiums and coverage cuts, a new study report obtained by the Miami Herald and Tampa Bay Times …

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LA Wildfires May Hit $45B in Insured Losses, Shattering Records

Insurance, Residential / By W. J. Mencarow

Published by REALTOR.com | January 16, 2025 Estimated insured losses from the Palisades and Eaton fires in Los Angeles currently range from $35 billion to $45 billion, said CoreLogic. The devastating fires in Los Angeles are on track to shatter prior records for total losses, according to a new analysis from CoreLogic. Estimated insured losses …

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Homeowners Hit by Helene Are In for an Insurance Claim Shock

Insurance, Residential / By W. J. Mencarow

Published by REALTOR.com | October 7, 2024 Owners of homes and businesses slammed by Helene could be in for a nasty shock when they check the small print of their policies. Homeowners are rushing to file insurance claims after Hurricane Helene left a trail of destruction across six states. Many of them will likely be …

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You Have Homeowners Insurance. Is It Enough to Rebuild Your House?

Insurance, Residential / By W. J. Mencarow

Published by REALTOR.com | October 3, 2024 Are you confident that if your home sustained damage from a fire or hurricane that your homeowners insurance policy would provide sufficient funds to rebuild? The devastating property damage from Hurricane Helene is casting a spotlight on that question, and the answer isn’t always what homeowners expect. “Many …

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Rising Insurance Rates May Stop Many From Purchasing Their Dream Home

Insurance, Residential / By W. J. Mencarow

Published by Forbes.com | May 31, 2024 With double-digit home insurance rate increases, some potential homebuyers may find it difficult to purchase a home. Here’s what you need to know. It comes as no surprise that if you plan on purchasing a house, you’ll also need to get home insurance. However, the cost of homeowners …

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Surge in Home Insurance Costs Adding More Inflation Pressure on Americans

Economy, Insurance / By W. J. Mencarow

Published by FOX Business | April 24, 2024 Rising home insurance rates are crushing U.S. families The astronomic rise in mortgage rates and spike in home prices over the past year have pushed a key tenet of the American dream out of reach for millions of families. Now, there is another obstacle to homeownership: higher …

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