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Uncertainty surrounds insurance pricing after wildfires

As wildfires continue to ravage the LA area a week after starting, the impact on insurance premiums and costs to rebuild are still very uncertain. Despina Buganski, head of North America personal lines for global insurance brokerage and consulting firm WTW, sat down with Reporter Sarah Wolak to talk about how the company is assessing…

Appraisers have new time adjustment requirements starting Feb. 4

Appraisers are getting more responsibilities. As of Feb. 4, appraisers will be required to submit a report that the market analysis they produced supports both the indicated overall market trend and market-derived time adjustments for changes in market conditions. They will also have to include an illustration of the methodology used to determine specific comparable…

Texas homeowners lost $2 billion by not contesting their property taxes

Rising mortgage rates and home prices are already a strain on homeowners across the country. On top of that, a new study revealed that Texas homeowners have lost billions of dollars over the past three years in property tax payments. Property tax consulting company Ownwell conducted a study that analyzed in-house and county-level data from…