A rising tide may lift all boats, but that doesn't apply to coastal real estate. Higher sea levels have slashed the home values of four New England states by more than $400 million over a dozen years, according to research from the Brooklyn-based nonprofit First Street Foundation. Massachusetts' property owners have suffered the biggest losses, with rising sea levels responsible for lowering the total value Bay State homes by more than $273 million. Maine is next, with nearly $70 million in losses, followed by Rhode Island at roughly $45 million. Losses in New Hampshire, which has the shortest coastline in New England, topped $15 million. One extreme example includes a house in Boston currently valued at $373,725 that would have been worth almost $800,000 if not for the higher sea level. Homeowners can find the information on a website called FloodIQ, which gives access to public data crunched in a way only previously undertaken by private companies such as insurers and … [Read more...] about In New England, home prices fall as seas rise
Homeowners insurance new york state
Homeowners in wildfire-prone areas of California and other Western states now have yet another worry: Insurers have issued an ominous warning that they could be facing a "wildfire deductible" in coming years or, even worse, the prospect of having their home insurance canceled altogether. The surprising notice came from Aon, the largest insurance broker in the U.S., where meteorologist Steve Bowen pointed out that fire losses have exceeded $10 billion for the second year running. In California, the Camp Fire alone has killed 86 people and damaged or destroyed nearly 20,000 homes. House fires of almost any kind have traditionally been covered under home insurance policies -- no questions asked. But "risks that were once insurable … will become uninsurable," said Birny Birnbaum, executive director of the Center for Economic Justice. "Insurers have long excluded wind in coastal states and earthquake and flood everywhere from homeowners' policies." Perils such as hurricanes, … [Read more...] about Wildfires may soon be uninsurable risks for homeowners
By The Associated Press | PUBLISHED: November 6, 2018 at 10:37 pm | UPDATED: November 6, 2018 at 10:38 pm Associated Press SACRAMENTO — Polls closed Tuesday after voters cast ballots for California’s next attorney general, lieutenant governor, schools chief and other statewide offices. The race for superintendent of public education was an expensive showdown between unions and charter-school advocates. Attorney General Xavier Becerra wants to stay in the job he was appointed to last year. In the contest for secretary of state, the incumbent Democrat Alex Padilla is hoping to hold onto his seat against a GOP challenger. Either candidate running for insurance commissioner will make history with a win. Here’s a look at the down-ballot races: Superintendent of Public Instruction Los Angeles schools executive Marshall Tuck is leading with 52 percent of the vote as he vies to be the state’s top public education official. After more than 3.2 million ballots were … [Read more...] about California races: Tuck leads early for state schools superintendent
By The Associated Press, Bay Area News Group and CALmatters | PUBLISHED: October 16, 2018 at 11:00 am | UPDATED: October 18, 2018 at 11:13 am Amid a number of higher-profile contests, voters will also choose California’s next lieutenant governor, treasurer and other statewide officeholders on Nov. 6. Some of them are real battles: The race for superintendent of public education is shaping up to be an expensive showdown between unions and charter-school advocates. In the contest for attorney general, appointed incumbent Democrat Xavier Becerra faces statewide voters for the first time, hoping to hold onto his seat against a GOP challenger. Either candidate running for insurance commissioner will make history with a win. While the races for governor and senator are drawing most of the attention — read more about the senate race here and the governor’s race here — these “down-ballot” offices are important both for the jobs themselves and for … [Read more...] about California voter guide: closer look at contests for state office
By Mary Williams Walsh, New York Times Published 3:16 pm CDT, Thursday, September 20, 2018 Flooded homes in Lumberton, N.C., Sept. 18, 2018. Some 31 million people in the Carolinas are at risk of their homes flooding because of Hurricane Florence. Only about 335,000 homes in the two states have flood insurance. less Flooded homes in Lumberton, N.C., Sept. 18, 2018. Some 31 million people in the Carolinas are at risk of their homes flooding because of Hurricane Florence. Only about 335,000 homes in the two states have flood ... more Photo: JOHNNY MILANO /NYT Cars and homes in floodwaters the day after Hurricane Florence's arrival in New Bern, N.C., Sept. 15, 2018. Some 31 million people in the Carolinas are at risk of their homes flooding because of Hurricane Florence. Only about 335,000 homes in the two states have flood insurance. less Cars and homes in floodwaters the day after Hurricane Florence's … [Read more...] about Millions of Carolina homes are at risk of flooding. Only 335,000 have flood insurance.