A heating planet has made torrential downfalls more common and destructive, meaning Americans everywhere must be better prepared for the possibilities of catastrophic flooding- and not just from storms like Helene or the huge Hurricane Milton bearing down on Florida's Gulf Coast. The Federal Emergency Management Agency, which administers the National…
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Lawmakers to tackle soaring home insurance rates Top state lawmakers plan to address soaring homeowners insurance premiums when they return to Austin in January for the next legislative session, according to the Houston Chronicle. The state's insurance commissioner, Cassie Brown, told a Senate committee that home insurance rates increased last year by…
Lois Kolkhorst, a Republican from Brenham, said during a Senate committee hearing on Tuesday. Insurance companies are contending with more severe and more frequent disasters, Brown said- there were more severe storms in Texas last year than any other state. The median home price in Texas jumped 40% since 2019. "All this new value needs coverage, which results in…
Lois Kolkhorst, a Republican from Brenham, said during a Senate committee hearing on Tuesday. Insurance companies are contending with more severe and more frequent disasters, Brown said- there were more severe storms in Texas last year than any other state. The median home price in Texas jumped 40% since 2019. "All this new value needs coverage, which results in…
Lois Kolkhorst, a Republican from Brenham, said during a Senate committee hearing on Tuesday. Insurance companies are contending with more severe and more frequent disasters, Brown said- there were more severe storms in Texas last year than any other state. The median home price in Texas jumped 40% since 2019. "All this new value needs coverage, which results in…
Lois Kolkhorst, a Republican from Brenham, said during a Senate committee hearing on Tuesday. Insurance companies are contending with more severe and more frequent disasters, Brown said- there were more severe storms in Texas last year than any other state. The median home price in Texas jumped 40% since 2019. "All this new value needs coverage, which results in…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of European Liability Insurance for the Nuclear Industry. The outlook of these Credit Ratings is stable. The ratings reflect ELINI’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business…
Michael Roehricht needs a repair invoice from Enterprise to file a claim with his car insurance company. Why won't the company send him the paperwork? I recently damaged a car I had rented through Enterprise while I was in Germany.
Whether it’ s to manage finances, accept payments or reach new customers, more small-business owners are optimizing their business operations with digital tools— leaving them increasingly vulnerable to digital security breaches and cyber attacks. Exposure to cyber attacks topped the list of the biggest worries small-business owners face, even surpassing…
Skyrocketing home insurance rates deter homebuyers
Despite falling interest rates, potential homebuyers are meeting a new, formidable obstacle: the skyrocketing cost of home insurance.
With a market size valued at USD 16,216 billion in 2022, the industry is projected to grow from USD 17,805 billion in 2023 to an impressive USD 37,615 billion by 2032, registering a compound annual growth rate of 9.80% during the forecast period. State Farm Mutual Automobile Insurance Company Chubb Allianz Zurich American International Group, Inc. PICC…
The global Liability Insurance Market is experiencing steady growth, with its size valued at USD 258.5 billion in 2022. The market is projected to grow from USD 274.01 billion in 2023 to USD 436.73 billion by 2032, exhibiting a compound annual growth rate of 6.00% during the forecast period from 2023 to 2032. AXA SA The Hartford IFFCO-Tokio General Insurance…
To register for AM Best’ s Canada Insurance Market Briefing- Toronto, please go to AM Best’ s Canada Insurance Market Briefing- Toronto. AM Best analysts will provide an economic overview, as well as analysis of the performance of Canada’ s property/casualty and life/annuity lines of business with outlooks for the coming year. Climate Trends and Risk Mitigation:…
Michael Roehricht needs a repair invoice from Enterprise to file a claim with his car insurance company. Why won't the company send him the paperwork? I recently damaged a car I had rented through Enterprise while I was in Germany.
For two decades the Justice Department has spent a sizable fortune cracking down on criminals ripping off Medicare, but the federal health insurance program still bleeds billions of dollars a year due to persistent fraud in Miami and other hot spots across the country. South Florida still ranks as the nation’ s healthcare fraud capital, where medical…
In a first-of-its-kind ruling, the Alaska Supreme Court said Friday that the COVlD-19 pandemic does not qualify as "physical loss" or "damage" under common commercial insurance policies. The ruling came in response to an unusual "certified question" request from Alaska's U.S. District Court. All 49 other state supreme courts have considered similar questions…
Lois Kolkhorst, a Republican from Brenham, said during a Senate committee hearing on Tuesday. Insurance companies are contending with more severe and more frequent disasters, Brown said- there were more severe storms in Texas last year than any other state. The median home price in Texas jumped 40% since 2019. "All this new value needs coverage, which results in…
According to this new and final data analysis, total flood and wind losses are between $30.5 billion and $47.5 billion. Insured flood loss from the National Flood Insurance Program and private insurance for residential and commercial properties is estimated to be between $6 billion and $11 billion, which includes both re-evaluated storm surge and new…
The October issue of Best’ s Review features articles on the U.S. private passenger auto and commercial auto segments:. “Finding the Fast Lane: Pricing Helps Auto Insurers Navigate Roadblocks to Profitability in Difficult Market” focuses on some of the U.S. private passenger auto insurers that have had a direct combined ratio of under 100.“ Distracted Driving on…
Oct. 3— A title insurance company recently opened in downtown Valparaiso. Proper Title opened a temporary office in Valparaiso two years ago and found a 1,773- square-foot space on the second floor of the Stracks Bar and Grill building. The company now employs eight title professionals at its Northwest Indiana locations in Valparaiso and at 322 Indianapolis…
