An alarming rise in auto insurance premiums hitting drivers, in some cases up 10-20%. There are some ways to cut your rates shaving hundreds of dollars off your bill every month.Blame the escalating costs in part on the lingering effects of the pandemic....
Marsh McLennan Agency (MMA), part of the global insurance and reinsurance broker, has released its 2024 Commercial Property Insurance Trends report, highlighting a more balanced reinsurance market this year compared to the harsh conditions of 2023.
According to MMA, “In 2023, the industry witnessed...
Condominium sales and prices in Miami, Jacksonville and Tampa and other parts of Florida have dropped over the past year, largely due to the soaring cost of property insurance and association fees, according to Redfin,...
Hans G. DespainThe U.S. economy seems to be doing well. GDP is growing, unemployment has been below 4% for a record 23 months in a row, and inflation is at a three-year low. Regardless of these strong economic numbers, only 36% of Americans approve of President Biden’s...
The number of "motivated sellers" in Florida has grown in the past two weeks, as more homeowners are trying to offload their properties quickly amidst a worsening of the state's insurance crisis.As of Wednesday morning, 204,833 properties, including single-family and multi-family homes, apartments,...
By John Woolfolk, THE MERCURY NEWS
https://www.mercurynews.com/2024/03/14/commissioner-unveils-plan-for-home-insurers-to-base-rate-hikes-on-catastrophe-prediction-models/amp
In an effort to staunch the exodus of home insurers fleeing the state, California Insurance Commissioner Ricardo Lara on Thursday unveiled a proposal for letting those insurers use computer models of possible future catastrophes to justify rate increases.
The plan is...
