Latest News
Florida Insurer Seeks 31% Premium Hike
Tampa-based insurer TRUE is seeking approval for a 31% rate hike in homeowners’ insurance premiums, citing rising reinsurance costs and financial strain from past hurricanes. The request, now under regulatory review, would raise average annual premiums by $1,357 and...
‘Big Beautiful Bill’ Could Bring Harsh Fallout for New York
New analyses show New York could lose billions in federal support under Trump’s proposed budget and House Republicans’ “Big Beautiful Bill,” including $13.5 billion annually from Medicaid, $2.1 billion from food aid, and $4.4 billion from housing assistance. The cuts...
Trump Bill Could Strip Medicaid Coverage from 13,000 Kansans, Report Finds
Kansas could lose $3.77 billion in Medicaid funding over the next decade under Trump’s proposed “One Big Beautiful Bill,” potentially stripping health insurance from 13,000 residents and threatening the survival of rural hospitals. A new analysis by Manatt Health,...
Economist Predicts Sluggish Economic Growth for Michigan in 2025
West Michigan’s economy is expected to slowdown through the rest of 2025 due to tariff uncertainty, rising living costs, and cautious consumer spending, according to Grand Valley State University's economist Paul Isely. Tariffs have made it harder for businesses to...
Moody’s Warns: More Hurricanes, Higher Insured Losses in 2025
Moody’s Ratings says insured losses may grow in 2025, fueled by hurricanes and inflation driving up the cost of repairs, labor, and materials. With forecasts predicting above-average storm activity, the 2025 season poses increased financial exposure for insurers and...
Rate Hikes Coming for North Carolina Homeowners
Homeowners across northeastern North Carolina will see insurance rate hikes starting this month after a settlement was reached between insurers and state regulators. The increases include: Territory 110 (Carova to Ocracoke) rising 5.1% this month and 4.8% in...
New Insurance Bill Could Limit Policyholders’ Right to Sue
As Louisiana enters the 2025 hurricane season, lawmakers are weighing a bill that would let insurers offer discounted “arbitration-only” policies, preventing policyholders from suing in disputes. While supporters say it gives consumers more choices, insurance agents...
Lawsuits Filed Against AAA and USAA for Underinsuring LA Fire Victims
Homeowners affected by the Jan. 7 wildfires in Los Angeles County are suing USAA and two AAA-related insurers, alleging they were systematically underinsured and left without enough money to rebuild their houses. Anchoring their claims in fraud, negligence, breach of...
Consumer Prices Rise at Slowest Pace in Seven Months
A key U.S. inflation gauge showed further cooling in April, as consumer prices rose at their slowest annual pace in seven months, according to a report from the Commerce Department. Inflation eased with consumer prices rising 2.1%, the slowest pace since September,...
EAH Housing to Redevelop Glendale Facility in CA into 68 Affordable Units for Seniors
EAH Housing has announced plans to transform a 1970s assisted living facility in Glendale into Parkview Glendale, CA, a 68-unit affordable housing community for seniors. The renovated two-story building will feature studio and one-bedroom apartments, along with...
CivMetrics




