Congressional Subcommittee Examines Rising Insurance Costs
By Jodie Anderson | | Updated
The House Financial Services Subcommittee on Housing and Insurance held a hearing on November 2, 2023, entitled “The Factors Influencing the High Cost of Insurance for Consumers.”
A hearing of this kind was largely anticipated in response to the rapidly rising insurance premiums across the nation…
Rental Housing Insurance Costs Skyrocket
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Insurance costs are rising for multifamily owner-operators, seen across the country but notably in markets with potentially extreme weather conditions such as earthquakes, fires, floods and hurricanes. Some insurance companies are exiting the areas entirely while others have pressured the rental…
Rising Insurance Costs to Affect Sunshine State Housing Providers
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Florida’s apartment operators have seen skyrocketing insurance costs. Higher insurance costs put pressure on rents, limit capital expenditures and discourage new construction and acquisitions. However, there are meaningful steps operators can take to mitigate some of the premium increases they will…