FLORIDA PROPERTY INSURANCE
Citing large losses and outsized exposure in Florida, USAA will limit its new homeowners insurance business to active duty military homebuyers. The insurer says it will renew existing policies in the state, but only one property per policyholder.
INTERESTING THOUGHTS
Eighty-four percent of U.S. residents say home values will hold steady or increase, despite trends to the contrary, according to a Los Angeles Times/Bloomberg poll. Nearly a third of those surveyed this month predicted home values in their localities would rise in the next six months.