The average U.S. tenant pays $264 annually for renters insurance, according to Insurify data. Five cities along the Gulf Coast rank among the 10 most expensive cities for renters insurance: New Orleans, Baton Rouge, and Lafayette in Louisiana, and Biloxi and Gulfport in Mississippi. In fact, Detroit, the most expensive city for renters insurance, is the only one…
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Largest Caribbean Insurers U.S. Workers’ Compensation– 2024 Direct Premiums Written U.S. Property/Casualty Asset Distribution U.S. Life/Health Asset Distribution U.S. Life/Health– Pre-Tax Investment Total Returns U.S. Homeowners Multiperil– Top Writers by State, Canada and U.S. Territories. U.S. Life/Health Insurers’ Investment Returns U.S. Homeowners…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of NongHyup Property and Casualty Insurance Company Limited. The ratings also reflect the implicit and explicit support the company receives from its ultimate parent, National Agricultural Cooperative Federation. Particularly, the company’ s financial…
No‑ fault vs at-fault auto insurance rates explained. Auto insurance laws vary across the United States, and one of the most important distinctions is between at‑ fault and no‑ fault systems. In at‑ fault states, the driver responsible for an accident is liable for damages, while in no‑ fault states, each driver's own insurance covers medical expenses and lost wages…
Is malpractice insurance the same as professional liability insurance? Malpractice insurance, professional liability insurance, and errors and omissions are closely related. But what should you call the liability business insurance you need for your profession?
Americans pay anywhere from 2% to 18.4% of their take-home income for mandatory home and auto insurance, depending solely on where they live, according to a comprehensive new analysis by MoneyGeek covering all 50 states and Washington, D.C.
Rising Risks, Rising Costs: The self-insured homeowner dilemma
With home insurance premium rising, some families are deciding to take on the risk themselves rather than renewing their coverage.
"Florida- focused independent insurance agency that helps small employers and families compare employee benefits, group health options, and essential home, auto, life and flood coverage from multiple carriers." Florida- based independent agency E Policy Review is expanding its guidance for small employers and households on employee benefits, group health…
Shares of Loews Corporation (NYSE: L) traded at a new 52-week high today and are currently trading at $106.14. So far today, approximately 124.29k shares have been exchanged, as compared to an average 30-day volume of 643.49k shares. Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers […]
The National Flood Insurance Program, which accounts for 90% of all U.S. flood policies, often couldn't sell or renew coverage during the 44- day government shutdown.1 The budget bill that ended the shutdown also reauthorized the NFIP through Jan. 30, 2026.2 The incident highlighted how flood insurance costs could spike for many policyholders if the program…
The truth about minimum coverage requirements in your state. In this article, CheapInsurance.com cites examples of states with the highest, average, and lowest liability limits, and then provides a list of each state's required minimum liability limits. Every U.S. state, with one exception, requires drivers to carry a minimum level of auto insurance to legally…
Auto and Home Insurance rates have been exploding over the last 5 years along with increased home prices, Category 4-5 Hurricanes and Insured Losses. In Florida, unscrupulous contractors and plaintiff attorneys were also jacking up insurance claim costs. The Florida state-created Citizens Property Insurance Corp. became the state's biggest property…
The following information was released by Consumers Union:. Consumer Reports testified before a joint public hearing of three New York State Senate Committees examining the rising cost and shrinking availability of homeowners insurance across the state. Sara Enright, CR's Senior Director of Safety and Sustainability, delivered testimony on behalf of the…
NEW YORK, NYConsumer Reports testified yesterday before a joint public hearing of three New York State Senate Committees examining the rising cost and shrinking availability of homeowners insurance across the state. "Homeowners across New York are facing skyrocketing premiums, shrinking coverage, and cancellations with little or no warning," Enright said.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of the life/health subsidiaries of Delphi Financial Group, Inc.: Reliance Standard Life Insurance Company and First Reliance Standard Life Insurance Company. AM Best also has affirmed the FSR of A++ and the Long-Term ICRs of“ aa+” of DFG’ s property/casualty…
California proposes greater ‘solvency’ oversight of insurers; industry balks
In a year that began with devastating wildfires, California is proposing a disclosure regime to address the long-term solvency of insurance companies.
Concurrently, AM Best has affirmed the FSR of A and the Long-Term ICR of“ a+” of Ameriprise Captive Insurance Company, a property/casualty subsidiary of Ameriprise. In addition, AM Best has affirmed the Long-Term ICR of“ a-” and the existing Long-Term Issue Credit Ratings of Ameriprise. On an enterprise level, the L/H group has taken various steps to de-risk the…
A dispute between a Canton- based physicians' group and its medical malpractice insurer must be resolved through arbitration, the Supreme Court of Ohio ruled. In a unanimous decision, the Supreme Court reversed a ruling by the Fifth District Court of Appeals that allowed a trial court to consider a lawsuit alleging bad faith in handling an insurance claim.
**FILE PHOTO* Nearly a year ago, my predecessor Traci Buschner wrote in these pages urging the D.C. Council to raise the District's outdated auto insurance minimums. For years, Washington, D.C., has struggled to make its streets safer. But there is another, less visible story unfolding on our streets: according to the D.C. Department of Transportation, serious injuries…
The following information was released by the National Association of Mutual Insurance Companies:. Today, Erin Collins, Senior Vice President, State and Policy Affairs at the National Association of Mutual Insurance Companies, issued the following statement after testifying at a joint public hearing held by New York State Senators Bailey, Kavanagh, and…
