Hawaii Insurance Market Makeover: A Win for Condo Owners

Hawaii Insurance Market

Stabilizing Hawaii’s Insurance Market for Condo Owners Insurance premiums are out of control. Condo owners are struggling to keep up. Properties teetering on the edge of being uninsurable. Sound familiar? If you own a condo in Hawaii, you know the struggle. That’s why Senate Bill 1044 is such a big deal. Signed into law by Governor Josh Green on July 7, 2025, this bill is here to bring relief. It’s not a perfect fix, but for many, it’s a lifeline. Relief on the Way What’s in it for condo owners?…

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Swiss Re’s Vision for 2025: A Riskier, More Fragmented Insurance Industry

Fragmented Insurance Industry

The world feels divided these days, doesn’t it? Well, according to Swiss Re’s latest Sigma report, it’s not just a feeling. The global insurance industry is following suit, adapting to a world Swiss Re describes as “riskier” and “more fragmented” by 2025. Titled “sigma 2/2025: World Insurance in 2025,” the report dives headfirst into the challenges insurers will face in the coming years. Volatile exchange rates. Asset price swings. Tariffs that throw markets for a loop. It’s all here – and it’s not all sunshine and rainbows. But here’s the…

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No, Other States Aren’t Paying for California’s Wildfire Risks, Says State Farm

State Farm

State Farm Sets the Record Straight on California Wildfire Insurance Wildfires have devastated California. Thousands of families are rebuilding their lives, and insurance companies are at the center of it all. But with so much news swirling around, State Farm wants to clear the air. Here’s what they’re saying about the current situation in California—and what it means for their customers. Helping Californians Recover For six months, State Farm employees, agents, and associates have been on the ground, helping customers recover from the wildfires in Los Angeles. Many left their…

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Why Are Home Insurance Rates Rising? A Regional Breakdown of Surprises and Spikes

Why are Home Insurance rates rising?

Home insurance rates are climbing across the U.S., but depending on where you live, the difference could be—well, shocking. Some states are seeing rates barely budge, while others are watching their costs skyrocket. Vermont, Alaska, and Maine? Small bumps. Colorado, Nebraska, and Montana? Not so lucky. What’s driving these disparities? And, more importantly, what’s the biggest surprise hiding in these numbers? The High Climbers: Where Rates Are Spiking Take Nebraska, for example. Homeowners there saw a jaw-dropping 22.1% increase in 2024 alone. Colorado’s not far behind with an eye-popping 76.6%…

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Insurance Giants at a Crossroad: USAA Pulls Back While Lemonade Doubles Down

Insurance Giants

Big changes are shaking up the world of insurance. USAA is tapping the brakes on its telematics-based Pay-As-You-Drive program. Meanwhile, Lemonade? It’s revving up the engine, pushing telematics to the forefront of its car insurance offerings. Two companies. Two very different roads. What’s Going on With USAA? USAA’s Pay-As-You-Drive program is officially a thing of the past. For those who already signed up? Their policies will run until the end of their term. But once that’s over, it’s game over. No renewals. No extensions. It’s a pretty clear-cut move. Instead…

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HUD Proposes Ending Green Discount for Multifamily Loans

Green Discount

Move could reshape incentives for energy-efficient housing and multifamily development The U.S. Department of Housing and Urban Development (HUD) has introduced a proposal that’s turning heads in both the housing and sustainability sectors. It wants to end the Green Mortgage Insurance Premium (MIP) reduction—an incentive designed to reward multifamily housing projects that meet green building standards. Here’s the twist: the reduced premium won’t disappear. Instead, HUD plans to extend it to all multifamily loans, no matter the project’s energy efficiency. This change? It’s a big deal. For renters. For developers.…

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Rhode Island’s New Pet Insurance Act Is Here. What’s the Big Deal?

Rhode Island 1

Rhode Island is shaking up the pet insurance game. Come January 1, 2026, insurers selling coverage for pets in the Ocean State will have to follow the strict rules laid out in the brand-new Pet Insurance Act. This law isn’t just about pets—it’s about protecting people, too. Confused policies? Hidden fees? Sneaky preexisting condition exclusions? Rhode Island says, “No more.” But what does this mean for pet owners—and insurers? Could this act set standards across the U.S.? Here’s everything you need to know about the law that has the entire…

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