Zillow adds climate risk scores to property listings

House in a clearing in the middle of mountainous rugged terrain.

(Outlet: Marketplace) Home buyers now have more tools to assess those risks. This month, Zillow, the country’s largest real estate search platform, announced it’s adding information about climate hazards, and how they might grow over time, to all of its property listings. Users will be able to scroll down to see a risk score for flooding, wind, wildfire, extreme heat and air quality, along with insurance recommendations to protect against related losses.Read More

California Allows Highest Home Insurance Hike in Years

A firefighter prepares to spray a home during the Edgehill Fire on August 5 in San Bernardino, California.

(Outlet: Newsweek) The California Department of Insurance gave Allstate permission to increase its homeowners insurance premiums by an average 34.1 percent, the largest rate hike of any major insurer approved by the agency in the past three years. The decision is expected to affect more than 350,000 policyholders across the state, with homeowners in Fresno, Madera and Mariposa counties seeing the highest increases.Read More