: Lawmakers probe insurance crisis as premiums skyrocket


The cost to insure a home has soared in many U.S. states in recent years, and lawmakers in Washington are taking notice.

Democrats and Republicans sparred during a Senate Banking Committee hearing Thursday over the causes of rising home-insurance rates and deductibles and the trend of some insurance companies abandoning markets in states like California and Florida where they believe its no longer profitable to operate.


This article was originally published by Marketwatch.com. Read the original article here.

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