Monthly Archives: March, 2024

How Florida’s home insurance market became so dysfunctional, so fast

Imagine saving for years to buy your dream house, only to have surging property insurance costs keep homeownership forever out of reach. This is a common problem in Florida, where average insurance premiums cost...

Do You Need Flood Insurance, and How to Get It: A Guide for New York Renters

Ethica Burt moved into a ground-level apartment with a basement in Astoria, Queens, last summer. With just a few blocks between her home and the East River, she worried about flooding. Her home is not in the floodplain, nor...

INSRD’s adaptive insurance for emerging industries bags €500K Pre-Seed

Berlin-based insurtech startup INSRD announced today that it has raised a €500K Pre-Seed round. INSRD is a startup that is participating in Cohort 5 of Earlybird Venture Capital's Vision Lab Program, which provides funding, mentorship, and network. INSRD reinvents commercial...

Beazley reports CoR of 71% and record profit in 2023

Specialist insurer Beazley has announced record pre-tax profit of $1.25 billion and a combined ratio of 71% for the year ended December 31st, 2023, with strong growth in the insurance service result of 52% and an investment return...

3 Shocking Stats About Rising Auto Insurance Rates

Few drivers will be surprised to read that car insurance costs are rising dramatically. It isn't only insurance -- the cost of financing, maintenance, and gas all add up. Put simply, it is getting increasingly expensive to own...
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