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Insurance

Insurance is having a growing impact on condo affordability

Affordability, Contributors, HWmember, Insurance, Mortgage, Opinion, Origination /

On Wednesday, Fannie Mae and Freddie Mac adopted extensive changes to their requirements for approvals of condominium projects that are eligible for their loan purchase.  The changes created more flexibility and affordability with respect to replacement cost and deductible requirements for condo insurance– but took a step backward by ending authority for what are called […]

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Estimates for insured losses from Winter Storm Fern top $4 billion

Housing Market, HWmember, Insurance, Natural Disaster, Tennessee, Texas, Weather /

Data and analytics firm Verisk said that insured losses to property and automobiles from Winter Storm Fern could reach $4 billion, according to an initial analysis released by the company on Tuesday. Another estimate from Karen Clark & Co. (KCC) is even higher. KCC reported that privately insured losses from Winter Storm Fern are estimated

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Insurance hurdles, red tape slow Los Angeles wildfire recovery

California, Climate Change, Housing Market, HWmember, Insurance, Los Angeles, Real Estate, Wildfire /

Roughly a year after destructive wildfires tore through parts of Los Angeles, rebuilding in some of the hardest-hit neighborhoods remains slow, hampered by insurance delays, regulatory bottlenecks and rising construction costs.  Most of the damage stemmed from the two largest blazes, the Eaton Fire in Altadena and the Palisades Fire in Pacific Palisades, both of

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Rising insurance costs shape homeowner decisions in 2026

Affordability, California, Climate Change, Florida, Homeowners insurance, HWmember, Insurance, Louisiana, Real Estate, Regulatory, Texas /

American homeowners enter 2026 expecting higher insurance costs, growing climate risks and continued pressure on housing affordability. Data from Kin’s inaugural Homeownership Trends Report shows insurance costs now rival mortgage rates and home prices as a key factor shaping where — and whether — Americans buy, stay or move. Home insurance costs are rising faster

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Matic report reveals stabilization in 2025 home insurance market

Homeowners insurance, Housing Market, HWmember, Insurance, Matic /

Despite years of sharp price increases, the home insurance market showed signs of stabilization in 2025, according to Matic‘s annual year-end trends and predictions report. The report, released Thursday, is based on proprietary data from properties quoted and insured through Matic. It examines developments in the 2025 home insurance market, along with their implications for

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Impact of climate-fueled disasters seen in insurance, real estate data

Impact of climate-fueled disasters seen in insurance, real estate data

California, Climate Change, Insurance, Louisiana, Property taxes, Public finance, Trends in the Regions /

Point-Aux-Chenes, Louisiana, after Hurricane Ida in 2021.Bloomberg News Climate change-driven disaster risks are having a measurable impact on property insurance rates and home values, according to a recent National Bureau of Economic Research paper. Processing Content In a paper released in June 2024 and revised last month, academics Benjamin Keys and Philip Mulder say their

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Insurance provider Kin starts Florida mortgage business

Insurance provider Kin starts Florida mortgage business

Housing markets, Insurance, Marketing, MARKETING TO BORROWERS, Originations /

Kin, a direct-to-consumer home insurance provider, has entered the mortgage broker business, starting in Florida, and offering a full array of mortgage and home equity products. The mortgage broker business is also direct-to-consumer and plans are to eventually expand to other states where Kin has a presence, said company founder and CEO Sean Harper. He

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Neptune Insurance Holdings prices IPO, seeks $2.8B valuation

Florida, Housing Market, HWmember, Insurance, IPO, New York Stock Exchange /

Neptune Insurance Holdings Inc., the parent company of Neptune Flood, on Monday announced the launch of its initial public offering (IPO) of 18.4 million shares of its Class A common stock. The shares will be sold by existing stockholders, who also intend to grant underwriters a 30-day option to purchase up to an additional 2.7

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Wildfire warnings accompany California’s older home sales

Affordability, California, Climate Change, Homebuying, Housing Market, HWmember, Insurance, Real Estate, Wildfire /

California has become the first U.S. state to require homeowners selling older properties in high-risk wildfire zones to disclose not just a house’s vulnerabilities, but also steps taken to reduce those risks. The new mandate took effect in July and applies to houses built before 2010 – when the state strengthened building codes to withstand

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Rising insurance costs deepen homeownership strain

Affordability, Florida, Homeowners insurance, Homeownership, HWmember, ICE Mortgage Technology, Insurance, Mortgage, Real Estate, Single-Family Housing /

Homeowners are spending a growing share of their mortgage payments on property insurance, which is now rising faster than principal, interest and taxes, according to the September ICE Mortgage Monitor. Data shows that annual property insurance payments for single-family mortgage holders now average nearly $2,370. That amounts to 9.6% of monthly mortgage-related expenses, the highest

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