The average long-term U.S. mortgage rate rose for the fourth consecutive week to its highest level in a year, another setback for prospective homebuyers hoping for a break from elevated home loan borrowing costs. As rates rise, that can lead prospective home shoppers to delay buying a home, one reason U.S. home sales have been sluggish this year.
Edison Insurance Company, one of the largest homeowner’ s insurers in Florida, today announced they have filed for a statewide rate decrease, providing meaningful savings for the majority of their Florida home and condominium unit owners with a statewide average rate reduction of -9.8%. These decreases began impacting customers with policies renewing on…
Growth was moderate before the pandemic but accelerated significantly in the years that followed. General damages are amplifying medical costs into even larger settlements. BI claimants received $2.00 in total settlement, excluding any legal fees, for every dollar of medical bills paid with this leverage ratio rising from $1.80 in mid-2017 to more than…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of QBE Europe SA/ NV, QBE UK Limited, QBE Capital Ltd., QBE Capital Ltd. and the pooled members of QBE North America Insurance Group. These companies are key operating subsidiaries of QBE Insurance Group Limited, the non-operating holding company of the QBE group of…
