Yearly Archives: 2024

Dropping Homeowners Coverage Could Prove Costly

Lew Sichelman If you’re a homeowner who’s considering canceling your insurance coverage due to the high cost, think twice. Your lender will most certainly object, assuming you have a mortgage. But even if you own the house outright,...

Key Insurance profit dips but revenue grows

The majority GraceKennedy-owned, Key Insurance Company made a profit of $24 million for the third quarter of 2024, or 11 per cent less profit year-on-year.Its revenue however rose during the period signifying continued growth in the market.“Key Insurance...

Americans need six-figure salaries to afford a house in most cities, new economics report shows

Pulte Capital CEO Bill Pulte weighs in on rising mortgage rates and says that until supply increases, high housing prices will be seen. Americans need to earn nearly $108,000 a year to afford...

Health insurers continue to earn amid improved medical cost control efforts

The nation’s biggest health insurers continued to build financial momentum through the first half of 2013, as strategies for contending with the implementation of key health care reform provisions next year became clearer. The five largest publicly traded U.S....

Lara takes major step to increase insurance availability in wildfire-distressed areas – Insurance News

Insurance Commissioner Ricardo Lara announced the California Department of Insurance has submitted the final wildfire catastrophe modeling regulation to the Office of Administrative Law for approval. This "first-of-its-kind in California's history" regulation strengthens Prop. 103 by establishing unprecedented coverage...
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