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Why Idaho Home Insurance Premiums Have Increased by 17% in 2024 | Insurify

Home insurance costs are soaring nationwide, with average premiums up by 20% between 2021 and 2023 — but costs in some states are rising much faster. As of October, Idaho homeowners have seen a 17% rise in premiums in 2024, according to Insurify’s analysis of home insurance data. The state’

Colorado Pushes Insurers to Incentivize Wildfire Mitigation Efforts | Insurify

As insurers flee from climate catastrophes, Colorado wants to ensure homeowners can get coverage and earn discounts for taking action to reduce their risk. Colorado Insurance Commissioner Michael Conway recently shared plans for legislation that would force insurers to consider property owners’ mitigation efforts when determining rates and discounts. The

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

Fighting High Auto Insurance Premiums Will Need a ‘Wholistic’ Approach, Louisiana Legislators Say | Insurify

Louisianians pay the sixth-highest rates for car insurance, according to Insurify’s auto insurance report. With Insurify projecting a 23% increase by the end of 2024, the news isn’t getting any better. But state legislators say they’re aware of the problem and have been taking steps to

Vet Clinic Pet Insurance Coordinators May Be a Prescription for More Coverage and Healthier Pets | Insurify

Pet health insurance may be less common than health insurance for humans, but it’s often every bit as complicated. It shares much of the same jargon, including pre-existing conditions, copays, deductibles, coverage limits, and more. While human hospitals and doctors’ practices often have a staff member dedicated to

Milton Lands Among Top 10 Costliest Hurricanes for Insured Losses | Insurify

Hurricane Milton could end up among the top 10 most expensive storms for insurers in the last 124 years, according to Moody’s RMS Event Response. Moody’s estimates Hurricane Milton’s total private market loss will total $26 billion, with an outer range of $22 billion to $36 billion.

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