Florida’s Citizens Property Insurance Corporation has stopped agents from binding new coverage or increasing existing coverage anywhere in the state as Hurricane Isaias approaches the northern Gulf Coast. The restriction began at 11:05 a.m. Eastern on Wednesday. On...
The average annual property insurance payment for single-family mortgage holders has reached nearly $2,370 per year, according to new data from ICE Mortgage Technology. This sum accounts for 9.6% of average monthly mortgage-related expenses when factoring in...
The Wall Street Journal is reporting that Fannie Mae (OTCQB: FNMA) maintains a “secret blacklist” of condominium communities that makes it difficult, if not impossible, for these properties to get a mortgage. The new report claims the blacklist “includes condo...
The average annual property insurance premium among mortgaged single-family homes rose by a record $276 in 2024 to $2,290, a 14% year-over-year climb, according to a data report from Intercontinental Exchange Inc. (NYSE:ICE). Premiums are now up by 61% over the last...
State Farm General Insurance Co. announced it will not be renewing 72,000 property insurance policies in California. In a statement on its website, the Bloomington, Illinois-headquartered carrier stated it “had to make some difficult but necessary decisions that will...
xAI-Linked Company Reportedly Targets 418 Mississippi Homes Amid Noise Laws…
