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Why record-high premiums aren’t coming down anytime soon.
The cost of homeowners insurance is continuing its meteoric rise, according to a new report from financial data firm Intercontinental Exchange (ICE). Annual home insurance premiums rose by a record $276 to $2,290 in 2024, a 14% increase from the previous year. ICE’s March report, released Monday, shows that home insurance costs have skyrocketed 61% since 2019. While costs are up across the…
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