Home Insurance Disparity by Race | Irvine News

Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Irvine News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews New research reveals a shocking racial gap in home insurance costs: homeowners in Black and Hispanic neighborhoods pay significantly more—up to 30% in Hispanic areas and 16% in Black communities—despite identical policies and adjusted for risk. This disparity, stubbornly persistent despite anti-discrimination laws, may stem from historical redlining or lack of market competition. In Washington state, the gap hit 18% for Hispanic homeowners. As insurance prices soar nationwide due to disasters and construction costs, consumer advocates demand insurers audit pricing for bias and use broader geographic zones to ensure fairness, while insurers defend their models as risk-based. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9b1533a308f0f372