WASHINGTON, DC – Last month, Unlocking America’s Future (UAF) exposed a deepening home insurance affordability crisis driven by the industry’s profit maximizing schemes and insatiable greed. While the nation’s largest publicly traded home insurers generated over $9 billion in underwriting profits in the third quarter of 2025, homeowners across the country are being forced to make impossible choices: pay premiums that consume an ever-larger share of household budgets, drop coverage and risk financial catastrophe, or sell their homes.
Following UAF’s investigation, the Wall Street Journal reported on mounting public backlash as homeowners discover they’re paying more for less coverage, or being dropped entirely despite years of loyalty and premium payments. Last year, states approved an average 6% increase in premiums nationwide. Over the next two years, average premiums are expected to jump by another 16% across the country, with many homeowners in higher risk states and communities facing rate increases of nearly 70% or more.
“The evidence is clear: insurance companies are exploiting American families while state insurance commissioners and regulators look the other way,” said Kyle Herrig, Unlocking America’s Future. “We need them to do their jobs and protect consumers from corporate greed, it’s that simple. Homeowners deserve better than a system rigged in favor of deep-pocketed and manipulative corporations.”
State insurance commissioners hold the statutory authority to reject excessive rate increases, but they have systematically rubber-stamped double-digit hikes from major insurers despite overwhelming evidence of record profits. This regulatory abdication has effectively transformed commissioners from consumer protectors into enablers of corporate extraction and greed at their own constituents’ expense.
As a result, for many families, particularly those in climate-vulnerable areas, homeownership is becoming financially unsustainable. Per the Wall Street Journal, states with higher instances of climate disasters have even more aggressive premium hikes. For instance, in Colorado—which experiences higher instances of wildfires—rates have more than doubled in the last five years.
