2050 Housing Market Insurance 
Housing Wire
MAY 24, 2023
methodology in October 2021, thousands of homeowners in low-elevation coastal areas of the United States braced for federal flood insurance hikes. Recently released data from the agency shows that annual flood insurance premiums will eventually double or even triple for homeowners in some U.S. When FEMA released its Risk Rating 2.0
Housing Wire
JUNE 26, 2024
The Florida housing market faces an outsized risk from weather events and larger climate issues. Not surprisingly, the state also has the highest average cost for homeowners insurance , and that cost is rising. Not surprisingly, the state also has the highest average cost for homeowners insurance , and that cost is rising.
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Housing Wire
NOVEMBER 19, 2024
We have amazing data scientists who are building out new models — from reducing premiums on wildfire insurance in California to using image analytics so that an appraiser can capture the appraisal in real time and use it for quality assurance. The insurance commissioner there declared 13 resiliency prerequisites. Risk Rating 2.0
Housing Wire
JULY 25, 2023
In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. This is one of the easiest parts of Florida to insure and costs have gone up over 40%.”
Housing Wire
AUGUST 10, 2023
Increasing wildfire risk resulting from climate change is a growing problem for insurers and homebuyers in affected areas, particularly California, according to a new report from data provider CoreLogic. CoreLogic said insurers’ models should account for the current risk landscape, including climate change considerations.
Housing Wire
MARCH 1, 2023
And yes, this certainly has had an impact on insurance companies from coast to coast, as we’ve seen insurers retreat en masse from states such as California , Florida , and Texas , which have all seen record losses in recent years from wildfires, earthquakes, hurricanes, severe winter storms, sinkholes, and more.
Housing Wire
APRIL 24, 2023
The program helped a generation of Americans purchase their first home, however, due to a government policy known as “red-lining,” banks were effectively prohibited from issuing FHA-insured loans in neighborhoods that were predominantly Black or Hispanic. Demographers estimate that by 2050, the U.S. GDP, roughly $3 trillion.
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