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☆ The growing reason people can't afford to own a home
▼ + stars: | 2024-04-20 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Rising insurance costs could keep homeownership out of reach for many. AdvertisementAdding to that, as the climate crisis escalates, it's likely homeowners insurance will only become more expensive. The climate crisis is causing homeowners' insurance costs to riseThe average American homeowner pays $1,915 a year in insurance costs — about $160 a month — per NerdWallet. For instance, insurance rates increase in states with more severe natural disasters. Have you chosen to rent or move because of homeownership costs?

Persons: Laura Longero, Zers Organizations: Service, Business, Federal Reserve, Insurance, Farm, Allstate, Casualty Insurance, US Bureau of Labor Statistics Locations: Oklahoma, California, California , Florida, Texas, Florida

After I sold my home and started renting, I learned that renting was not a waste of money. My advice: Don't rush into homeownership thinking it's the only way to build wealth. Building wealth does not have to include owning a home, and owning a home is not the only way to build wealth. Don't rush into homeownership thinking that it is the fastest way or the only way to build wealth. Here are a few things I learned after going from owning a home to renting.

Persons: —, It's, it's Organizations: Service, Census Bureau Locations: American

☆ Map shows how much income you’ll need to buy the median-prices home in your state
▼ + stars: | 2024-04-01 | by ( Jeanne Sahadi | Rachel Wilson | ) edition.cnn.com time to read: +1 min

(The median is the price at which half of homes for sale in an area are more expensive and half are less expensive.) Back in January 2020, a six-figure income was needed in only six states and the District of Columbia. Assuming you make a 20% down payment and get a 30-year fixed-rate mortgage at the average 52-week rate, this map shows you how much household income Bankrate’s analysis found you’ll need to afford the median-priced home in your state. “Manageable” means it won’t exceed 28% of your gross household income. It’s worth noting, too, that the median price of a home in a given state won’t necessarily reflect the median price in the part of the state you’re seeking to buy.

Persons: Bankrate.com Organizations: New, New York CNN, District of Columbia Locations: New York

☆ In these 22 states, you need a six-figure income to afford a typical home, analysis finds
▼ + stars: | 2024-03-31 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

New York CNN —Buying an affordable home in the United States has gotten a lot harder for many people since 2020. A new analysis from Bankrate.com finds that in 22 states and Washington, DC, buyers need a six-figure household income to comfortably afford a typical median-priced home. That’s a lot more than in January 2020, when Bankrate found buyers needed a six-figure income in just six states and the District of Columbia. For instance, Bankrate found that the income needed to buy a median-priced home rose the least in North Dakota (up 9.2%); Illinois (up 27.2%); and Kansas (up 29.3%). The complete Bankrate analysis can be found here.

Persons: Bankrate, ”, Jeff Ostrowski, –, Redfin –, homebuyers, ” Ostrowski Organizations: New, New York CNN, District of Columbia, “, United States –, of Columbia, Washington State Locations: New York, United States, Washington, DC, West, California, Hawaii, Massachusetts, Arizona, Colorado, Connecticut, Florida, Idaho, Maine, Maryland, Montana, Nevada, New Hampshire, New Jersey, Oregon, Rhode, Texas, Utah, Vermont, Virginia, South, Midwest, Mississippi, Ohio, Arkansas, Indiana, Kentucky, Tennessee, South Carolina, North Dakota, Illinois, Kansas

☆ The home insurance market is crumbling. These owners are paying the price
▼ + stars: | 2024-03-29 | by ( Nathaniel Meyersohn | Anna Bahney | ) edition.cnn.com time to read: +9 min

Courtesy Victoria ZangaraIn the past, acquiring or keeping homeowners’ insurance didn’t present much of a problem. There was roughly a 10% to 12% increase in homeowners’ insurance costs last year in the United States, said Mark Friedlander, spokesperson for the Insurance Information Institute, a nonprofit industry association. Jim Watson/AFP/Getty ImagesHomeowners who have a mortgage are not able to go without homeowners insurance as their mortgage servicer will require an escrow account for insurance. Some 6 million homeowners chose to forgo homeowners insurance, according to a report from the Consumer Federation of America. They have lived in their home for 19 years and had a policy with Foremost Insurance, paying about $1,910 a year.

Persons: Alfredo Herrera, Herrera, Zangara, “, ”, ” Herrera, policyholders, Mark Friedlander, Neil Fernandes, Fernandes, David Swanson, Matthew Carletti, Jim Watson, Diana Troxell, Diana Wright Troxell, Bruce, ” CNN’s Ella Nilsen Organizations: New, New York CNN, Louisiana Citizens, ”, National Oceanic, Atmospheric Administration, Louisiana State University, Insurance Information Institute, Farmers Insurance, Farmers, AAA, CNN, Firefighters, Reuters, State, Citizens Property Insurance, JMP Securities, Getty, Homeowners, Consumer Federation of America, CFA, Social Security, Foremost Insurance, California FAIR, FAIR Locations: New York, New Orleans, City, Louisiana, New Orleans , Louisiana, America, United States, Santa Clarita , California, California, Florida, Sycamore, Whittier , California, AFP, Cottonwood , California, ‘

☆ Boomers fed up with Florida are moving to southern Appalachia, fueling a population spike in longtime rural communities
▼ + stars: | 2024-03-24 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Boomers who once flocked to Florida are increasingly ditching the state for southern Appalachia. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementFor decades, Florida has remained a top destination for retirees looking to settle down roots as they enjoy their golden years. Many boomers moving into southern Appalachia have also bypassed Florida altogether. But some new residents fear Dawson County will simply become a northern outpost of the vast Atlanta metropolitan region, known for its suburban sprawl.

Persons: Boomers, —, Ed Helms, Johnnie, Billy Thurmond Organizations: Service, Street Journal, Northeast Locations: Florida, Appalachia, Midwest, Southwest Virginia, North Georgia, North Carolina, South Carolina, Alabama, Tennessee, Appalachian, Dawson County , Georgia, Dawsonville, Atlanta, Dawson, Pickens, Panama City Beach , Florida, Dawson County

☆ See how badly your home could be hit by heat, wind, and bad air over the next 30 years
▼ + stars: | 2024-03-13 | by ( Dan Latu | Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Realtor.com has unveiled a set of climate risk tools that homeowners and homebuyers alike can use to learn the specific climate risks of a property. The tools, called Heat Factor, Wind Factor, and Air Factor, are available starting Wednesday and can map out a neighborhood's risks of above-normal days on the heat index, chances of experiencing wind gusts over 50 mph, and days of poor air quality. More than 40% of US homes, valued at a combined $20 trillion, are vulnerable to extreme heat, wind, and poor air quality, according to a Realtor.com analysis. Understanding your home's climate riskPrior to releasing the heat, wind, and air quality tools, Realtor.com already provided fire and flood risks for properties based on data from First Street. First Street, a climate-risk firm, is also behind the data on extreme heat, wind, and air quality now added to listings.

Persons: Realtor.com, Oscar Seikaly, Bob Stephens, homebuyers, Danielle Hale, Hale, Z, Redfin, we've Organizations: Service, Factor, Air Factor, Business, San, Sun Locations: Florida , California, Texas, Miami, San Francisco, California, Florida

☆ Homebuyers are flocking to areas most exposed to extreme weather risk and pushing prices higher, JPMorgan says
▼ + stars: | 2024-02-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

But the firm says rising insurance costs could eventually dampen demand. The researchers then gave each county a composite climate risk score, measured against each area's house price index. AdvertisementA positive relationship also emerged between higher climate risk and population growth, indicating that more people were migrating in than leaving these areas. Others may simply have no intent on selling, and consider themselves too old to experience these rising costs. But changes to property insurance may force prospective buyers to give more attention to climate risks, JPMorgan noted.

Persons: Alexander Wise, Jan Loeys, Risks, Redfin Organizations: JPMorgan, Service, Foundation Locations: Florida

☆ With Pandemic Money Gone, Child Care Is an Industry on the Brink
▼ + stars: | 2024-02-25 | by ( Claire Cain Miller | ) www.nytimes.com time to read: 1 min

Running a child care business has long been a very challenging math problem: Many providers can barely afford to operate, yet many parents cannot afford to pay more. The federal government spent $24 billion to keep the industry afloat. Many providers were given thousands of dollars a month, depending on their size, which they used to pay for expenses, the biggest of which was wages. In addition to the end of the monthly checks, providers’ costs have increased along with inflation — for food, supplies and liability and property insurance. Rising wages at food service and retail jobs have made it harder to recruit child care workers, one of the lowest-paying jobs in the country.

☆ Over 18 million rental units are exposed to climate hazards as extreme weather becomes more common, Harvard study finds
▼ + stars: | 2024-02-07 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

D3sign | Stone | Getty ImagesExtreme weather and climate hazards are becoming more frequent, posing a unique threat not only for homeowners, but for renters. Over 18 million rental units across the U.S. are exposed to climate and weather-related hazards, according to the latest American Rental Housing Report from Harvard University's Joint Center for Housing Studies. While they're a smaller share of the rental stock, 52% of manufactured units are located in areas with extreme weather exposure. "It's sort of a compounding risk when we see these increases in climate hazards and start impacting people who can't afford to move away from the risk." Check what type of disasters are included in your renters insurance policy.

Persons: Sophia Wedeen, Jeremy Porter, Wedeen, Porter Organizations: Harvard University's, for Housing Studies, Harvard, FEMA, Survey, Joint Center for Housing Studies, Finance, NOAA National Centers for Environmental, First Street Foundation Locations: U.S, New York

☆ Storms in California hit homeowners already facing an insurance crisis
▼ + stars: | 2024-02-06 | by ( Anna Bahney | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —The storms pummeling California this week hit a part of the US already being battered by a home insurance crisis. With insurers strained by climate change and inflation, many are demanding higher premiums, making it much harder to find affordable (or any) home and fire insurance. But it is not just California; homeowners in other areas prone to weather events like Florida, Louisiana, and Texas are also facing challenges. Meanwhile, in hurricane-battered Florida, Farmers Insurance deemed it too risky to continue insuring homes and pulled out of that market entirely. “This isn’t just climate change, it is climate-change-plus,” Bach said.

Persons: ”, Amy Bach, United, Michael Monaghan, Sellers, you’ve, Jennifer Branchini, Bach, Hurricane Andrew, ” Bach, mitigations Organizations: DC CNN, Allstate, Farmers Insurance, Coldwell, California Association of Realtors, National Oceanic, Atmospheric Administration, Hurricane, FAIR, California Department of Insurance Locations: Washington, California, Florida , Louisiana, Texas, San Francisco, California’s, Golden State, Florida, Vermont, Colorado, Pleasanton, United, “ Florida, Louisiana

☆ Senate committee investigating Florida’s state-backed home insurance company as private insurers flee
▼ + stars: | 2023-11-30 | by ( Ella Nilsen | ) edition.cnn.com time to read: +6 min

CNN —The US Senate Budget Committee is launching an investigation into whether Florida’s state-backed home and property insurance company has enough money in the bank to withstand future disasters, as scientists warn warming oceans and sea level rise are making storms more destructive. Citizens Property Insurance Corporation exists as a so-called insurer of last resort - if owners cannot convince a private insurance company to cover their property, Citizens will step in. If that were to happen, the Senate Budget Committee is worried Florida might turn to the federal government looking for a bailout, Whitehouse said. State insurers of last resort were originally intended as a stopgap for consumers, ensuring their coverage wouldn’t be interrupted. Florida isn’t alone; some major private insurers have either pulled out or stopped writing new policies in wildfire-prone California.

Persons: Ron DeSantis, “, Sen, Sheldon Whitehouse, ” Whitehouse, Michael Peltier, Whitehouse, ”, Benjamin Keys, ” Keys, ’, Keys, “ It’s Organizations: CNN, Citizens Property Insurance Corporation, Republican Gov, Citizens, Democrat, ”, Munich Re, Swiss, Wharton School, University of Pennsylvania, Senate, FAIR, Florida’s Citizens, Budget Locations: After Florida, Rhode Island, Florida, Miami, Tampa, “ Florida, Munich, riskiest, California

☆ A tenant stopped paying rent and listed his landlord's home on Airbnb. The landlord is now stuck living in his van.
▼ + stars: | 2023-11-12 | by ( Hannah Getahun | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

A Washington homeowner says he's living in a van after a man moved into his home and stopped paying rent. And all the media and other attention is great, but it doesn't really do me any good," Jason Roth told Insider. AdvertisementAdvertisementAfter paying just a portion of one month's rent, Roth says Hunter stopped paying anything at all. According to court documents viewed by Insider, Hunter told Roth in an email in July that he wanted to pay his outstanding rent. In California, an Airbnb host could not evict a renter who stayed in a home for 570 days after the tenant stopped paying rent and reported the host to the city.

Persons: —, he's, Jason Roth, Roth, Kareem Hunter, Hunter, I'm, Roth Hunter Organizations: Service, Seattle, Kings County Superior Court, Kroger Locations: Washington, Kings County, Airbnb, California

☆ Michelin-starred restaurant closes because it’s too expensive
▼ + stars: | 2023-11-07 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

CNN —After 26 years in business, a Michelin-starred restaurant in Belfast, Northern Ireland, is closing due to costs becoming too expensive – for both customers and the restaurant operators. Deanes EIPIC, the flagship fine dining restaurant of an empire started by Northern Irish chef Michael Deane in the 1990s, won its first Michelin star within a year of opening as Deanes in 1997. ‘The cost has spiralled out of control’“EIPIC as a whole wasn’t a restaurant that was dying,” he says, but “people have an expectation when walking through the doors. EIPIC follows the classic fine-dining model upon which many a Michelin star has been earned throughout Europe and beyond. Says Greene, “people are willing to travel from the city or anywhere for good food and good accommodation.

Persons: Deanes EIPIC, Michael Deane, Deanes, Alex Greene, ”, EIPIC, Greene, “, Bronagh McCormick, there’s, Says Greene, Noma, René Redzepi, Michel Roux Jr, Le Gavroche Organizations: CNN, Michelin, Northern, CNN Travel, Belfast doesn’t, London, Belfast, UNESCO Global Geopark, Irish, New York Times, Le Locations: Belfast , Northern Ireland, Northern Irish, Belfast, Paris, Europe, Mourne, Northern Ireland, “, ”, UNESCO, Newcastle, French, London

☆ Homeowner insurance and climate have become major factors in real estate
▼ + stars: | 2023-11-07 | by ( Anna Bahney | ) edition.cnn.com time to read: +8 min

Farmers Insurance deemed it too risky to continue insuring homes in Florida and pulled out of the market there entirely. The average cost for homeowners’ insurance in the United States is about $1,820, according to an analysis by NerdWallet, but there are many variables. As climate risks continue, a standoff has developed over who should pay the cost of insuring homes against ever-growing risks. And for many of the properties that are on the market you can’t obtain insurance? “We’ll have to see some creative solutions in the near term to create that competitive marketplace for insurance,” she said.

Persons: Michael Monaghan, Sellers, “, ’ ” Monaghan, ”, Monaghan, Will, Amy Bach, United, Hurricane Andrew, ” Bach, mitigations, Bach, Jennifer Branchini, Branchini Organizations: DC CNN, Coldwell, Allstate, . Farmers Insurance, National Oceanic, Atmospheric Administration, NOAA, Hurricane, FAIR, California Department of Insurance, California Association of Realtors, State Farm, Farm, “ Locations: Washington, California, Bayside, ”, Florida, Monaghan, United States, “, San Francisco, “ Florida, Louisiana, WUI, Pleasanton

TALLAHASSEE, Fla. (AP) — The Florida Legislature will return to the Capitol for a special session Monday that will allow lawmakers to express their support for Israel, while giving Republican Gov. Lawmakers are expected to consider new sanctions against Iran, which has supported Hamas, as well as vote on resolutions expressing support for Israel's right to defend itself. After Hamas militants attacked Israeli citizens last month, a large, bipartisan group of Florida lawmakers met in the Capitol to express their horror and to stand with Israelis. Lawmakers were already scheduled to be at the Capitol for committee meetings and Republican leaders decided to use the time for the special session. Since the attacks, DeSantis has touted his support for Israel while on the campaign trail and using his official office to back up his words.

Persons: Ron DeSantis, they'll, Rabbi Yossi Harlig, David Schachter, “, DeSantis, He's, Floridians Organizations: Florida Legislature, Capitol, Israel, Republican Gov, Iran, Hamas, Ministry, State of, ”, The U.S, Republican Locations: TALLAHASSEE, Fla, Florida, Israel, Gaza, Miami, State, State of Florida, United States, Iran, Cuba, China, Russia, The

☆ Trump’s efforts to overshadow DeSantis in Florida take center stage
▼ + stars: | 2023-11-04 | by ( Steve Contorno | Kristen Holmes | ) edition.cnn.com time to read: +12 min

CNN —A Florida Republican lawmaker, after flipping his support to former President Donald Trump, is now publicly questioning Gov. Ron DeSantis’ support for the Jewish community. In the tug of war for home-state supremacy, Trump has gained the upper hand in part by exploiting rifts between DeSantis and Florida Republicans. Upstaging the governorThe personal vendettas help explain the lengths that Trump and his allies have traveled to upstage the Florida governor. “I think Ron DeSantis has been a good governor of Florida,” he told CNN.

Persons: Donald Trump, Ron DeSantis, DeSantis, Trump, Florida Sen, Rick Scott, Randy Fine, hasn’t, Scott, Fine, Byron Donalds, Matt Gaetz, ’, Trump’s, Nikki Haley, Sen, Joe Gruters, Gruters, ” Gruters, “, Paul Renner, ” Renner, ” DeSantis, Andrew Romeo, ” “, ” Romeo, —, Susie Wiles, Wiles, Justin Caporale, James Blair, Jennifer Locetta, Brian Hughes, DeSantis ’, “ He’s, Generra Peck, Marc Reichelderfer, Ken Cuccinelli, Matt Wolking, Erin Perrine, Kathleen Passidomo, ”, Stephen Cheung, Crooked Joe Biden, ” Cheung, Upstaging, Greg Steube, –, bagman, Caporale Organizations: CNN, Florida Republican, Trump, Florida Republicans, Republicans, DeSantis, GOP, Republican, Republican Party, Mar, Iran, Hamas, Sunshine State, Florida gubernatorial, South, Sunshine, “, White, Trump’s Department of Homeland Security, Capitol, Politico, Fair, Florida, House Locations: Florida, DeSantis, Orlando, Tallahassee, Miami, Hialeah, Israel, Iowa, South Carolina, ”, Washington, Lago

☆ California lets insurers factor wildfire risks in rates to widen coverage
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

A house is fully engulfed by flames at the Dixie Fire, a wildfire near the town of Greenville, California, U.S. August 5, 2021. REUTERS/Fred Greaves/File Photo Acquire Licensing RightsCompanies Liberty Mutual Group Inc FollowSept 21 (Reuters) - California Insurance Commissioner Ricardo Lara took steps on Thursday to allow property insurers to factor in climate risks including wildfires in rate prices, if they increase underwriting in at-risk areas to wean consumers off state-funded coverage. The measures by the state's insurance regulator follow an executive order by Governor Gavin Newsom urging regulatory action to expand coverage in underserved areas, account for catastrophe risks in rates, and keep the FAIR Plan solvent. The continued retreat of larger insurance carriers from the California residential property insurance market signals ongoing regulatory constraints, rising cost inflation, and higher catastrophe losses, credit rating agency Fitch said in a note earlier this year. Reporting by Deep Vakil in Bengaluru; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Fred Greaves, Ricardo Lara, Lara, Gavin Newsom, Gallagher, Fitch, Jamie Freed Organizations: REUTERS, Companies Liberty Mutual Group, California Insurance, State Farm, Liberty Mutual, FAIR, Gallagher Re, Thomson Locations: Greenville , California, U.S, California, Florida, Bengaluru

Here's a look at what California Insurance Commissioner Ricardo Lara proposed and how it would affect the state's insurance market:WHAT ARE THE RULES FOR INSURANCE COMPANIES? It said insurance companies had to get permission from the state Department of Insurance before they could raise their rates. When setting their rates, insurance companies cannot consider current or future risks to a property. Insurance companies also buy insurance themselves, a process known as reinsurance. The process includes lots of time for insurance companies and consumer groups to give their input.

Persons: Ricardo Lara, They've, Lara Organizations: California, of Insurance, Insurance, Companies, California Department of Forestry, Protection . Insurance, . Insurance, FAIR, Consumer Locations: SACRAMENTO, Calif, California, ratepayers

SACRAMENTO, Calif. (AP) — A new plan from California's insurance commissioner aims to stop the nation's top insurers from leaving the wildfire-prone state by letting them consider climate risks when setting their prices. Unlike most states, California tightly restricts how insurance companies can price policies. Companies aren't allowed to factor in current or future risks when deciding how much to charge for an insurance policy. It’s one reason why, in the past year, seven of California’s top insurance companies have paused or restricted new business in the state. On Thursday, California Insurance Commissioner Ricardo Lara said the state will write new rules to let insurers look to the future when setting their rates.

Persons: aren't, Ricardo Lara, ” Lara, Denni Ritter, Amy Bach, United, “, Ken Sweet Organizations: First Street Foundation, California, American, Casualty Insurance Association, Consumer Watchdog, Associated Press Locations: SACRAMENTO, Calif, California, Florida, New York

☆ Climate change is already costing us money, but we have a chance to limit the worst of it and prosper. Here's how.
▼ + stars: | 2023-09-21 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +12 min

But to get there, we'll need to spend a lot of money up front and be real about the climate costs we're already paying — even if we don't always notice them. The full costs of extreme weather are often hiddenThe biggest fires, floods, and heat waves tend to draw headlines. But for years, the more subtle effects of extreme weather had gone pretty much unnoticed. This situation could be made worse by a looming financial "mega shock," which could arise as more people wake up to the reality of the climate crisis, Butler said. The Biden administration has already earmarked $52 billion to tackle the climate crisis for 2024.

Persons: —, Amir Jina, It's, Jina, Idalia, Joe Raedle, Creon Butler, Mario Tama, Butler, haven't, ANGELA WEISS, Hurricane Ian, Matias J, Biden, That's, We've, it's, Bulter Organizations: University of Chicago, Getty, Insurance, Miami Herald, Tribune, Service, UN, Intellectual, Organization Locations: Tarpon Springs , Florida, London, New York City, , Florida, Hurricane, Botswana, Denmark, Namibia

☆ We left Florida because our homeowners insurance ballooned to $12,000. We walked away from everything we knew so our kids could have a future.
▼ + stars: | 2023-09-20 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

They fled to Wisconsin after their homeowners insurance premium doubled, seeing no end in sight. Natalia: In 2016 my husband and I purchased the home I grew up in in Plantation, Florida, from my parents. After the roof, we got a quote from the statewide insurance, Citizens Property Insurance Corporation. AdvertisementAdvertisementIt was just kind of like you're walking, you're walking, you're walking with your head down, and then when you finally look up, you realize you're lost. John: We haven't paid insurance yet, but all our neighbors tell us that insurance is about $1,200 a year.

Persons: Natalia, John, It's, we're, FPL Organizations: Service, Property Insurance Corporation, Florida Power, Wisconsin Dells, . Wisconsin, Olive Photography Locations: Florida, Wisconsin, Wall, Silicon, Plantation , Florida, Fort Lauderdale, Dell Prairie , Wisconsin, Milwaukee, Miami, That's, Dell, Plantation, South Florida, ., . Wisconsin Dells , Wisconsin, Disney

The U.S. homeowner’s insurance industry has had three straight years of underwriting losses, according to credit rating agency AM Best. Record numbers of Americans are now insured through state-affiliated “insurers of last resort” like California’s FAIR Plan, or Louisiana or Florida’s Citizens property insurance companies. These programs were designed to insure properties where private insurance companies have refused to insure or the price for private insurance is too expensive. In Florida, Citizens Property Insurance Corp. now has 1.4 million homeowners’ policies in effect, nearly triple in five years. “It used to be homeowner's insurance was an afterthought when you are looking at buying a property.

Persons: you’re, ”, California Sen, Bill Dodd, Jeremy Porter, Fannie Mae, Todd Bevington, “ I’ve, Jen Goodlin, ‘, ’ ”, “ We’ve, ” Dodd, Dodd, Porter, Guy Carpenter, Lara Mowery, Mowery, ” Mowery, That’s, ” Bevington, Adam Beam, Janie Har Organizations: First Street Foundation, Bank of America, Treasury Department, Paradise, FAIR, Citizens Property Insurance Corp, Farm, Allstate, National Flood Insurance, Swiss, Munich Re, Hurricane Locations: California, Florida, Louisiana, Lahaina, Vermont, Maine, New York, U.S, “, Paradise, Northern California, Colorado, Munich, New Orleans, Gulf, Asheland, N.C, Sacramento, Calif, San Francisco

Florida and California homeowners have been dealing with high property insurance premiums due to severe weather. Louisiana is now the third-most expensive state for insurance according to Insurify , an insurance comparison website. The average annual premium for Louisiana is $5,353, which is three times the national average homeowners insurance cost. Car insurance and flood insurance premiums are also rising within the state. Louisiana has the least affordable car insurance rates in the nation, according to the Insurance Research Council .

Persons: Mark Friedlander Organizations: Farm, Allstate, Service, Privacy, Insurance, Institute ., Insurance Research Locations: Florida, California, Louisiana, Wall, Silicon, Institute . Florida, Louisiana Louisiana, . Louisiana, Hawaii —

The debate, which was hosted by Nexstar Media Group, Inc., aired on multiple Louisiana news stations including KLFY. While Wilson supports exceptions and a ballot initiative to allow citizens to vote on the abortion laws, he has previously stated he is pro-life. All candidates addressed the death of Greene, who was killed after being arrested by Louisiana State Police. Schroder and Landry have backgrounds in law enforcement and said they are willing to meet with the Greene family. While most of the night was spent on issues, some candidates took the opportunity to verbally spar with Landry, who skipped the first debate.

Persons: Jeff Landry, Black, Ronald Greene, Sen, Sharon Hewitt, Landry, Donald Trump, Hunter Lundy, Richard Nelson, John Schroder, Stephen Waguespack, Bobby Jindal, Shawn Wilson, Wilson, Nelson, “ It’s, ” Wilson, Greene, John Bel Edwards, Schroder, Alton Sterling, Lundy, Schroeder, ” Landry, Edwards Organizations: GOP, Republican, Transportation, Development Department, Democratic, Nexstar Media Group, Inc, Republicans, Democrat, Louisiana State Police, Authorities, Associated Press, ” Locations: BATON ROUGE, La, Louisiana, Lake Charles, Landry

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