HUD Disaster Recovery Package Delay After California Wildfires

During the recent congressional hearing on the U.S. Department of Housing and Urban Development’s 2027 budget, California Congresswoman Norma Torres asked a straightforward question: When would the administration submit a disaster recovery package for the California wildfire victims who lost their homes in January 2025? HUD Secretary Scott Turner offered no timeline. Instead, he suggested […]

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Jimi Grande is the senior vice president of federal and political affairs at NAMIC

Insurers under fire for using credit scores to set rates

Credit-based insurance scores are used to help adequately risk-based price homeowners insurance, so lower risk consumers are not subsidizing higher risk ones, the Insurance Information Institute said. Processing Content Triple-I’s comments came in response to a letter to six insurers signed by 20 members of Congress, led by Sen. Elizabeth Warren, D.-Massachusetts in her role

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