Insurance Fairness Project
@Insure_Fairly
Followers
2K
Following
4K
Media
634
Statuses
6K
Protecting America's homes, by advocating for a sustainable and equitable solution to the climate-driven property insurance crisis.
United States
Joined August 2018
Hi! Today, we’re launching the Insurance Fairness Project, a new effort to explore solutions for America’s ongoing home insurance crisis. Insurers and politicians are leaving homeowners in the lurch, even as climate disasters hit harder and more frequently than ever.
1
5
11
Meanwhile, USAA has requested a 7.3% average rate increase for California homeowners. If approved, this change would impact nearly 350,000 customers upon their first renewal date. Learn more:
sfchronicle.com
California’s seventh-largest home insurer is seeking permission to raise rates on homeowners by an average of 7.3% starting next year.
0
0
0
Earlier this week, the California Department of Insurance announced draft regulation aimed at safeguarding California’s insurance market from escalating climate impacts, catastrophic risks, and emerging technological threats. Learn more:
insuranceinsiderus.com
The regulations are designed to address long-term solvency concerns.
1
0
0
NEW “LONG-TERM SOLVENCY REGULATION” PROPOSAL IN CA
1
0
0
The California Earthquake Authority (CEA), acting as Wildfire Fund Administrator under SB254, has issued a call for contributions to its Natural Catastrophe Resiliency Study. Critical deadlines and submission requirements linked below. https://t.co/iRpUQ5o4iR
0
0
0
SUBMISSIONS WANTED FOR NATURAL CATASTROPHE RESILLIENCY STUDY
1
0
0
California map: https://t.co/M7vr2MXeOa Louisiana map: https://t.co/TaQAJ1snq3 Minnesota map: https://t.co/FBS05o0TZ3 North Carolina map:
therevolvingdoorproject.org
North Carolina Insurance Commissioner Mike Causey has called for abolishing the Federal Insurance Office. Is it because the data that FIO released makes him look bad?
0
0
0
New interactive maps from the Revolving Door Project show home insurance premium changes in key states broken down by ZIP codes from 2018-2022. The data reflects average annual primary market costs, excluding coverage levels and FAIR/Citizens Plan premiums.
1
0
0
MAPS SHOW HOW HOME INSURANCE PREMIUMS HAVE CHANGED AT THE ZIP-CODE LEVEL
1
0
0
The fact that Neptune’s partners “are able to become insolvent and leave policyholders holding the bag… makes them far less protective” than National Flood Insurance Program policies, said Jordan Haedtler, policy adviser to the Insurance Fairness Project.
1
0
0
With the National Flood Insurance Program (NFIP) frozen during the shutdown, new reporting shows that private insurers are rushing to fill the gap and are turning a crisis into a profit opportunity.
1
0
0
PRIVATE INSURERS CASHING IN ON THE GOVERNMENT SHUTDOWN
1
0
0
Read the analysis from Weiss Ratings:
weissratings.com
The only ratings agency that combines the broadest coverage, strictest independence, complete objectivity, high ethics, and a commitment to safety.
0
0
0
Last year, more homeowners in Florida and California were dropped by their insurance companies than in any other state, according to a Weiss Ratings analysis of official NAIC data.
1
0
0
The U.S. experienced its most expensive first half of the year ever for climate-related disasters, but because the Trump administration discontinued the NOAA program that tracked weather events, no one would have known if a nonprofit hadn’t taken over tracking and reporting.
1
0
0
“Rate increases are top of mind for every policymaker across the country. Consumers are going to them and saying, ‘I can’t deal with a 30% rate increase, or a 40% rate increase’,” said Jon Godfread, president of the National Association of Insurance Commissioners.
1
0
0