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10 Best Cities for Homebuyers With a Household Income of $75,000 | Insurify

Housing affordability is a growing issue, with homeowners spending a higher proportion of their earnings toward homeownership compared to previous years. The average homeowner paid 26.5% of their household income toward principal and interest (P&I) in November 2023 vs. 14.7% in 2020, according to the National

The Hartford Halts New Home Policies in CA | Insurify

Connecticut-based insurer The Hartford announced it will no longer sell new home insurance policies in California, citing the “unique challenges” of the state’s home insurance market. The insurer, in business since 1810, said it will continue to renew existing homeowners policies and to write new business and personal

North Carolina Home Insurers Seek 42%+ Rate Hike | Insurify

North Carolina homeowners could face massive double-digit increases in home insurance rates in 2024. The North Carolina Rate Bureau, representing insurers statewide, has asked the North Carolina Department of Insurance to approve a statewide home insurance rate increase of 42.2%. The bureau also requested a rate increase of

These Car Insurance Providers Have the Highest Market Share in Each State | Insurify

Using data from the National Association of Insurance Commissioners, Insurify examined the car insurance providers with the highest market share per state and found that five auto insurers have the largest market share in at least one U.S. state. State Farm holds the title in more states than any

Florida May Issue Bonds to Shore Up Hurricane Catastrophe Fund | Insurify

The state of Florida may again turn to bonds, and the public, to provide much-needed funding for its Hurricane Catastrophe Fund. A recent securities filing by the Florida State Board of Administration shows it aims to generate between $1.5 billion and $3.8 billion through the sale of

Feds Accelerate Tesla Steering Probe | Insurify

Federal investigators are now actively analyzing steering rack parts that have been linked to thousands of Tesla crashes. Typically, an engineering analysis is the last investigative step before the National Highway Traffic Safety Administration issues a recall. Affected drivers reported being unable to turn the steering wheel either while driving

How Gender Inequity Affects Car Insurance Costs (2024) | Insurify

Some widespread beliefs about car insurance are myths or misconceptions. Buying a red car won’t cause your premiums to skyrocket, and comprehensive coverage doesn’t cover everything, despite what the name suggests. But the common wisdom that men have higher car insurance rates than women is true. That said,