As we enter a new year, it’s prudent to take stock of the ever-evolving landscape of the home insurance market, particularly for those with substantial assets to protect. The market has been struggling to adjust to shifting conditions, with carriers leaving certain geographies and a tightening of capacity. These developments have understandably raised concerns among homeowners about the stability of rates and the adequacy of coverage. For those with high-value properties, which are often in vulnerable coastal or wildfire-prone areas, this is a particular concern. Below we offer a summary of the key issues and some actions to consider in light of potentially sustained higher insurance rates.

Following higher-than-expected CPI results, which sent bond yields higher and equities lower, powerful earnings results from Nvidia sent markets higher in February. Small caps benefited from positive signs regarding recession and potential rate cuts. In international markets, Japan has seen strong market performance for the past 12 months, and China rebounded in February from a rough start to the year.