State regulators around the country asked hundreds of insurance companies on Friday to provide the details of how they price and structure their homeowner policies, part of an attempt to dig into why many property owners are struggling to get and keep coverage. The National Association of Insurance Commissioners, the group representing the regulators, said that state agencies wrote to more than 400 companies asking them for detailed data on their homeowners’ insurance businesses. The association’s president, Andrew N. Mais, who is Connecticut’s insurance commissioner, said in a statement on the group’s website that the request was made to “address the critical challenge of the affordability and availability of homeowners’ insurance and the financial health of insurance companies.”Inflation and increasingly severe weather driven by climate change have recently upended many local markets for homeowners insurance. Some major insurers have pulled out of states including Florida and California. In those places, and in others hit hard by catastrophic events like windstorms and wildfires, some homeowners have slashed their coverage to deal with the rising costs of insurance.

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Persons: Andrew N Organizations: National Association of Insurance Locations: Florida, California