Commercial Insurance Associates

Most U.S. homeowners don’t know the policy covering their home doesn’t cover flooding. The biggest findings in the survey out this week shows that 56% of respondents were unaware that flood damage is excluded from a standard homeowners policy.

Since 2019, home insurance rates in the U.S. have surged 37.8% to roughly $2,478 per year, according to new data published by LendingTree. That is noticeably faster than the overall 24% increase in the consumer price index recorded during that same time period.

Self-driving vehicle companies from Tesla Inc. to General Motors Co.’s Cruise are racing to start making money with their technology, outrunning efforts by regulators and Congress to write rules of the road for robot-driven vehicles. Proposed legislation to create a national framework of rules to govern autonomous vehicles remains stalled in Congress, despite the industry’s lobbying. That has left autonomous vehicle companies free to deploy robotaxis or self-driving trucks in some states, such as Arizona and Texas, but not in others.