What FAIR Plan growth really tells you about a home insurance market

Fair Plan Growth

A state can have plenty of private insurance companies and still have neighborhoods where homeowners struggle to find a standard policy. Growth in a FAIR Plan or another residual property insurance program is evidence that more policies or insured value have moved into a backstop, but it does not explain the entire insurance market by

What a Home Insurance Crisis Actually Means: Price, Availability, Underwriting and Coverage

Home Insurance Crisis

The phrase “home insurance crisis” can describe four different problems: a policy costs too much, coverage is hard to find, an insurer imposes tougher property requirements, or a policy covers less than it used to. A premium increase, a nonrenewal notice, and a new roof exclusion may all make headlines, but they point to different