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No Rate Hike for Texas Windstorm Insurer, State Insurance Regulator Decides | Insurify

The Texas Department of Insurance has denied a petition by the Texas Windstorm Insurance Association (TWIA) to increase policyholder rates by 10%. Public comments showed a rate increase “would be unjust and unfair because of the hardships a rate increase would impose on the coast,” Texas Department of Insurance Commissioner

Got Flood Insurance? You’ll Be Able to Make Monthly Payments Come January | Insurify

Property owners who buy flood insurance through the National Flood Insurance Program (NFIP) will soon have a new, more flexible payment option. On Dec. 31, the Federal Emergency Management Agency (FEMA) — which oversees the NFIP — will break a 55-year tradition of requiring annual up-front payments for flood coverage

New Car Shoppers Face Harsh Price Reality, Report Finds | Insurify

High vehicle prices and problematic interest rates have kept many would-be car owners from buying a new vehicle. And the used market isn’t any better. An August report from Edmunds found that the buyer-friendly pre-pandemic vehicle shopping market created “skewed perceptions of affordability” for many current

USAA Home Insurance Rates Climbing for 265,000 California Homeowners | Insurify

Home insurance rates are about to increase dramatically for hundreds of thousands of California policyholders. State insurance regulators recently approved rate increases for two of USAA’s largest subsidiaries. USAA is the sixth-largest home insurer in California. Rates will increase for home and condo policyholders The California Department of

Average Car Insurance Rates as of November 2024 | Insurify

National car insurance rates remained fairly stable through October. The national average monthly cost of liability car insurance held at $104, while the full-coverage average fell to $194, Insurify data shows. In most states, minimum-coverage auto insurance rates remained unchanged or moved by a few dollars up or

ASI Policyholders Face Steep 30% Homeowners Rate Increase in 2025 | Insurify

California homeowners with ASI Select insurance policies could see their premiums jump by 30% when their policies come up for renewal in 2025. On Nov. 26, the California Department of Insurance (CDI) approved ASI’s request for the double-digit rate increase that will affect more than 36,000 homeowners

Another Insurer Hiking Homeowners Rates in California | Insurify

California regulators approved a request by MAPFRE Insurance Company, a relatively small insurer in the state, to increase home insurance rates by 6.5%. The approval means policyholders whose contracts with the insurer renew after April 4, 2025, can expect their premiums to increase. The higher rates will also apply