Monthly Archives: February, 2022

Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years

Actuaries: Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon...

Floridians running out of options for home insurance

Five insurance companies are pulling out of Florida Five insurance companies are pulling out of Florida, leaving homeowners with no choices in providers and major price increases. It is an issue that has been ongoing in Florida and with each...

Could using roadside assistance through car insurance impact you down the road?

Could using roadside assistance through car insurance impact you down the road? BOSTON —Next time you get a flat tire, need a jumpstart or a tow, you might want to think twice about who you call for help. "I went out...

Climate insurance startup kWh raises $20M

Climate insurance startup kWh raises $20M kWh, a company that tailors insurance policies for renewable energy installations such as wind and solar facilities, has raised $20 million in a Series B round, the company announced Tuesday morning. Driving the news: The...

Extreme Weather and Rising Insurance Rates Squeeze Retirees

Homeowners’ insurance in high-risk states is becoming prohibitively expensive for older Americans who want to keep their homes. As a money management professional, Eric Diton helps his clients manage complex personal finance issues. But he’s finding that more of them...

Auto Insurance Market Size Worth $1,620.2 Billion By 2028

Auto Insurance Market Size Worth $1,620.2 Billion By 2028 FELTON, Calif., Feb. 7, 2022 /PRNewswire/ --  The global auto insurance market size is expected to reach USD 1,620.2 billion by 2028, according to a new report by Million Insights. It...
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