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DataDigest: What happens when insurance carriers abandon America’s biggest housing markets

Housing Wire

We immediately reach out to an insurance agent to see the insurability of the house because it is becoming more and more of a problem,” Armstrong, a Compass agent in San Diego, told HousingWire’s Brooklee Han in a feature we published Tuesday. Insurance policies for homeowners are skyrocketing. The result?

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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. This is one of the easiest parts of Florida to insure and costs have gone up over 40%.”

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Opinion: From Lehman to a digital housing platform

Housing Wire

The great financial crisis (GFC) revealed a defective supply chain, metrics unable to assess local risk and markets incapable of answering Ben Bernanke ’s defining question – “what’s this stuff worth?” Integration: The sector reimagines portals, anchors federations, converges markets and makes money.

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Opinion: A merger to rewire the housing ecosystem

Housing Wire

The ICE — Black Knight merger creates the first end-to-end digital infrastructure that will reorder incentives and change how housing markets operate. GSEs: The concentration of lenders will lead to new systems that may reach deeper into the primary market. Lenders will align with marketing and services partners to gain pricing power.

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Here are 4 macro trends impacting the 2022 housing market

Housing Wire

Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. 5 predictions for the 2022 housing market. Here are 7 trends to watch in the 2022 appraisal market. The “Big Four” take on the upstarts in title insurance.

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Why it’s time for the housing industry to get serious about climate risk

Housing Wire

And yes, this certainly has had an impact on insurance companies from coast to coast, as we’ve seen insurers retreat en masse from states such as California , Florida , and Texas , which have all seen record losses in recent years from wildfires, earthquakes, hurricanes, severe winter storms, sinkholes, and more.

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‘It’s scary out there’: Mortgage industry reacts to cyberattacks

Housing Wire

But they acknowledge that they keep a vast amount of customer data and some players may be vulnerable amid a shrinking market. Valverde said the problem affects homeowners, investors and insurance companies, and Ginnie Mae is “a bridge for all those counterparties.”

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