Andrew Hoffman

Dec 2, 2024 | legalnews.com | Andrew Hoffman

By Andrew J. Hoffman University of Michigan(THE CONVERSATION) Home insurance rates are rising in the United States, not only in Florida, which saw tens of billions of dollars in losses from hurricanes Helene and Milton, but across the country. According to S&P Global Market Intelligence, homeowners insurance increased an average of 11.3% nationwide in 2023, with some states, including Texas, Arizona and Utah, seeing nearly double that increase.

Nov 30, 2024 | tucsonsentinel.com | Andrew Hoffman

University of Michigan/The Conversation Home insurance rates are rising in the United States, not only in Florida, which saw tens of billions of dollars in losses from hurricanes Helene and Milton, but across the country.

Nov 29, 2024 | homelandsecuritynewswire.com | Andrew Hoffman

DISASTER-INSURANCE CRISISAmericans Face an Insurability Crisis as Climate Change Worsens Disasters – a Look at How Insurance Companies Set Rates and CoveragePublished 29 November 2024When home insurance averages $2,377 a year nationally, and $11,000 per year in Florida, this is a blow to many people. If affordability and relevance of insurance continue to degrade, real estate prices will start to decline in exposed locations.

Nov 26, 2024 | theinvadingsea.com | Andrew Hoffman

By Andrew J. Hoffman, University of MichiganHome insurance rates are rising in the United States, not only in Florida, which saw tens of billions of dollars in losses from hurricanes Helene and Milton, but across the country. According to S&P Global Market Intelligence, homeowners insurance increased an average of 11.3% nationwide in 2023, with some states, including Texas, Arizona and Utah, seeing nearly double that increase. Some analysts predict an average increase of about 6% in 2024.

Nov 22, 2024 | southfloridareporter.com | Andrew Hoffman

By Andrew J. Hoffman, University of MichiganHome insurance rates are rising in the United States, not only in Florida, which saw tens of billions of dollars in losses from hurricanes Helene and Milton but across the country. According to S&P Global Market Intelligence, homeowners insurance increased an average of 11.3% nationwide in 2023, with some states, including Texas, Arizona and Utah, seeing high risk nearly double that increase. Some analysts predict an average increase of about 6% in 2024.