Budgeting and Financial Planning
Skyrocketing Homeowners Insurance?
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February 16, 2026
Nearly half (47%) of homeowners said their insurance has experienced a premium increase in the past year, the highest rate of increases in more than a decade, according to the J.D. Power 2025 U.S. Home Insurance Study. Separately, data from ICE Mortgage Technology says that costs for homeowners insurance have risen 70% in the past five years.
Hello, I'm
Rodney Brooks
An award-winning journalist, writer and author and my specialty is retirement planning and other personal finance issues. I have written for many national publications, including USA TODAY, The Washington Post, U.S. News & World Report, AARP and National Geographic. I am available to speak on personal finance, financial literacy and the racial wealth gap.
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The author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.
