Climate change to obliterate $1.5 trillion in U.S. home values
More than 5 million Americans will leave areas being impacted by climate change this year, according to study.
Homeowners Insurance
Florida homeowners forced into insurance company
A new CBS News investigation revealed that many Florida homeowners have had their home insurance policies transferred out of the state-run insurance program, into dozens of small, private companies, without their consent or input. CBS News national correspondent Ash-har Quraishi reports.
Florida homeowners insurance company accused of siphoning profits
As Florida moves homeowners' policies out of its state-run insurer of last resort, insiders question one new company's finances.
State Farm to offer $100 average refund to car insurance customers
Refund amounts for State Farm customers will vary based on their place of residence and insurance premiums.
Catastrophe bonds making insurance more affordable
Insured property losses have soared, pushing insurers into hiking rates or even pulling out. So-called catastrophe bonds are emerging as a way to bring more capital into the market. Ash-har Quraishi reports.
Homeowners insurance costs have shot up 70% since 2021. Here's why.
Several factors are driving up home insurance premiums across the U.S. to record highs.
Wildfire victims battle for insurance coverage
The latest California wildfire, burning about halfway between Los Angeles and San Francisco, was just 10% contained on Saturday. Meanwhile, homeowners who felt lucky their homes didn't burn to the ground are in for a surprise. Elise Preston has more.
California FAIR Plan secrets: Why the state's insurer of last resort is so secretive
Once thought of as a small, rarely-used backstop, the FAIR Plan is now one of the largest insurers in the state, and people without FAIR Plan insurance are the ones on the hook for the FAIR Plan's debt. Yet the FAIR Plan is still cloaked in secrecy.
Wildfire victims waiting for insurance payouts
More than four months after the devastating wildfires broke out in Southern California, homeowners are being hit again. Insurance premiums are going up to cover payouts, though some homeowners say they're still waiting for checks. Jonathan Vigliotti reports.
Wildfire victims face costs despite insurance
For one woman who lost her home in the deadly Los Angeles wildfires, insurance won't come close to covering the cost to rebuild. As Elise Preston reports, she's far from alone.
Insurers colluded to limit coverage in wildfire-prone Calif. areas, suits say
Two lawsuits allege major home insurance companies have colluded to limit coverage in wildfire-prone California communities and force homeowners onto the state's last-resort insurance plan.
Inside the lab where are homes are tested to survive fire
A South Carolina facility simulates wildfires to research what makes one house burn and another survive.
Breaking down rising insurance rates
California's largest insurer, State Farm General, is seeking a 22% rate hike after $7.5 billion in wildfire losses. For insight into how climate change could impact coverage nationwide, Jeremy Porter, Head of Climate Implications at First Street, joins "CBS Mornings Plus."
California wants fewer homeowners insured on the FAIR plan. Data show the state's strategy may not be enough.
As more people in California lose private insurance, the state's FAIR plan is filling up with homes in places the industry itself has classified as low-risk for wildfire.
California's FAIR Plan withholds information
Following a CBS News investigation, California's insurance commissioner said he will push to require more transparency when it comes to the state's FAIR Plan for fire insurance. CBS News' Julie Watts and Scott Pham join "The Daily Report" to discuss their investigation.
Florida company uses new technology to help housing crisis
A Florida company says its new technology is helping to build homes faster and at a lower cost amid the impacts of climate change.
Are you underinsured? Here's how homeowners can check their coverage.
As many as three-quarters of U.S. homeowners could be underinsured, a significant risk as weather disasters intensify.
State Farm asks for approval to increase California home insurance rates by an average of 22%
State Farm General also had a blunt warning to Californians about the future of insurance in the state.
Underinsured face financial uncertainty after losing homes in LA fires
The total cost of rebuilding homes in the L.A.-area fires will outpace what underinsured owners' insurance policies can afford.
Underinsured face uncertainty after L.A. fires
Before the fires in Southern California, you could see mile after mile of beautiful houses on wooded landscapes. But what you couldn't see was that many of the homes were uninsured or underinsured. Mark Strassmann reports.
Before the Palisades Fire, many of those homeowners had lost insurance
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
As climate risks mount, U.S. homeowners face soaring insurance bills
Insurance companies are canceling homeowner policies across the U.S. — even in regions that aren't considered climate hot spots.
Altadena couple among thousands dropped by insurance before wildfires
Analysts predict insurers could pay out more than $20 billion just from this latest wildfire disaster alone.
L.A.-area families struggle without insurance
More than 100,000 homeowners in the Los Angeles area were dropped by their insurance companies before the recent wildfires broke out. Elizabeth Cook shares the story of families now struggling to piece their lives back together after losing everything in the fires.
Thousands without home insurance in L.A.
Thousands of Los Angeles homeowners do not have home insurance. Several private insurers in California have either raised prices or completely removed their coverage in at-risk areas. Business Insider senior sustainability reporter Catherine Boudreau joins "The Daily Report" to discuss.
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