Home & Garden
New Yorkers Are Paying More For Homeowners Insurance. But Are They Subsidizing Policies In Other States?
"Increasing people's rates by hundreds of dollars in a given year, that hurts a lot," State Sen. James Skoufis said.
December 12, 2025
New York homeowners are watching their insurance premiums climb. Meanwhile, insurance companies are making large profits in the Empire State, lawmakers say.
Find out what's happening in White Plainsfor free with the latest updates from Patch.
So where's the money going? Are New Yorkers subsidizing other states?
Extreme weather - from wildfires in California to hurricanes in Florida - is driving a homeowner's insurance crisis. Coverage is increasingly becoming less available and more expensive.
Find out what's happening in White Plainsfor free with the latest updates from Patch.
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This press release was produced by CBS News. The views expressed here are the author’s own.
