Insurance Companies Under Fire After Tyler Perry’s Viral Post

Angela Linders
Tyler Perry from the Academy Awards

Tyler Perry’s Outrage Over Insurance Cancellations Hollywood mogul Tyler Perry recently expressed his frustration with home insurance companies canceling policies as Los Angeles battled catastrophic wildfires. His social media post highlighted what he described as “pure greed” from these insurers, pointing out the plight of homeowners left unprotected after faithfully paying premiums for years. Perry shared the heartbreaking story of a woman using a garden hose in a desperate attempt to save her 90-year-old parents’ home, which had lost its insurance coverage just before the fires. “Does anyone else find…

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What the Proposed Rate Hikes Mean for North Carolina Homeowners Insurance Policies

Nordstrom
North Carolina Homeowners Insurance

North Carolina Faces Rising Homeowners’ Insurance Rates Background on the Rate Increase Proposal North Carolina homeowners are bracing for a significant decision regarding a substantial proposed increase in homeowners’ insurance premiums. The North Carolina Rate Bureau (NCRB), representing private insurance companies, has requested an average statewide rate hike of 42.2%. Insurers argue that escalating costs due to natural disasters, repair expenses, and reinsurance premiums necessitate the increase. While the proposed hike averages 42.2%, coastal areas like Emerald Isle and Swansboro could see skyrocketing increases ranging from 71.4% to 99%. Meanwhile,…

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Louisiana Homeowners Score Relief as Property Insurance Fees Drop Early

Angela Linders
Loiusiana Homeowners Property Insurance fee drop

Louisiana Insurance Relief: Ending the 1.36% Assessment Louisiana property insurance policyholders are poised to experience some financial relief this year as the Louisiana Citizens Property Insurance Corporation (Louisiana Citizens) implements significant changes to reduce costs. The most notable adjustment is the early termination of a 1.36% statewide assessment on residential and commercial property insurance policies. Originally scheduled to conclude in June 2026, the assessment will now end in April. This fee was introduced to pay off bonds associated with claims from hurricanes Katrina and Rita. Louisiana Citizens, the state-run insurer…

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Busting Common Misconceptions About FEMA Relief for California Wildfires

Tate Ellison
FEMA Relief for California Wildfires

FEMA Addresses Common Misconceptions While Supporting Los Angeles Fire Victims Federal and State Agencies Join Forces to Aid Wildfire Survivors The recent hurricane-force firestorm in Los Angeles County has left behind a devastating trail, affecting thousands of residents and businesses. With President Joe Biden’s swift approval of a Major Disaster Declaration and California Governor Gavin Newsom’s all-in response, federal and state agencies are working together to provide immediate and long-term relief to those impacted. However, as FEMA rolls out its assistance programs, several misconceptions about their services continue to circulate,…

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