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With very few exceptions, nearly every individual and family in the U.S. is facing higher-than-normal increases to their auto insurance premiums. According to Bankrate, an independent publisher and comparison service, auto insurance in the U.S. costs an average of $2,014 per year, an increase of 13.72% between 2022 and 2023.
While individual rates will vary based on each individual’s circumstances and history, there are some general trends that are leading to these increases.
Increased Volume and Cost of Auto Claims
Your personal auto insurance is designed to pay for the costs that may be incurred due to an accident (property damage/repairs, medical costs). Therefore, if the...
Non-life insurance premium growth may slow after this year, as the re-pricing of risk effect evens out. But, global reinsurer Swiss Re believes that rising exposure to natural catastrophe events is set to continue driving property insurance market premiums higher, resulting in a corresponding increasing need for reinsurance and risk transfer.Demand for property catastrophe reinsurance has been accelerating over the last few years and once again there are forecasts for at least $10 billion of incremental demand to be seen at the January 2025 renewals.
With that trend expected to continue and already some forecasts suggesting demand will rise at both the April renewal for Japan and...
Workers Compensation Insurance – Essential For Business Owners And EmployeesWorkers Compensation Insurance is required for businesses with more than one employee. If you own...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
The National Day Rally (NDR) is a significant event in Singapore’s political calendar, where the Prime Minister outlines the government’s vision for the future...
High blood pressure can put you at risk for a range of health problems, the most serious of which include heart attack or stroke. There are medications that can lower blood pressure, but these can also cause unwanted side...
To continue with Dickens, "It was the age of wisdom, it was the age of foolishness." Months or years from now, how will you describe the current situation? Will you think of the panic of pandemic, an age of...
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Health insurance and other benefits form a key part of the compensation package most employers offer their workers. In some cases, providing insurance is...
Greenlight Capital Re Ltd. (Greenlight Re), the reinsurance firm headquartered in the Cayman Islands and affiliated with investment manager David Einhorn, is working to...
Last Updated on November 19, 2021 by adminBoshers has donated its £3,750 grant from Ecclesiastical Insurance to The 2 Minute Foundation. The funding will...
What You Should Know
National General offers discounts for safe drivers of up to 23%
Save with Nat Gen’s anti-theft, low mileage, and safe driving discounts
Policyholders who use an app to monitor their driving behavior can save
Does National General offer safe...
Be proactive about preparing for the danger of wildfires.
Even if you’ve taken precautions to make your home or business resistant to wildfire, take time each year to review your preparations.
Let’s discuss the why,...
Florida workers compensation exemption rules play a crucial role for business owners navigating state insurance requirements. If you’re running a business in Florida, you need to know when you can legally opt out of providing workers’ compensation insurance to...
Paul Holba, Senior Vice-President and CIO of Empire Life Investments Inc. discusses some of the key themes the investment team will monitor as we head into the second half of 2024.
https://www.youtube.com/watch?v=A5AamwwfkbY
Hello, I'm Paul Holba, Senior Vice-President and Chief Investment...
If you are able, take photos to document circumstances of the accident.
Your first instinct after a car accident may be to call for help. Do you have a plan for what comes next?...
Yes, eating well without breaking the bank is possible. Here’s how to do itby Virginia Anderson October 25, 2023 | Wellness
A trip to the grocery store probably feels a little different today than it did a few years...
Make yourself visible no matter the time of day.
The pandemic, rising fuel prices and climate change concerns – along with improved battery technology and e-bike options – have combined to create a...
Be proactive about preparing for the danger of wildfires.
Even if you’ve taken precautions to make your home or business resistant to wildfire, take time each year to review your preparations.
Let’s discuss the why,...
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If you and your partner fight about money, you’re not alone. And if most of your money squabbles are about financial...
Your agent is best positioned to advise you when they have all the facts.
Your local independent insurance agent is prepared to create a personalized coverage plan tailored to meet your and your family’s...
New Jersey Doesn’t Require Boat Insurance. Get it Anyway.May 26, 2022May 26: Closing at 12:00pmMay 25, 2023
Capt. Richard I. Risely, Union Army, Civil War. He is Tim Glenn’s Great, Great Grandfather.
We at Glenn Insurance support our men and women...
Last Updated on November 19, 2021 by adminBoshers has donated its £3,750 grant from Ecclesiastical Insurance to The 2 Minute Foundation. The funding will help achieve their aims to see a world without plastic litter and pollution and to...
Last Updated on January 25, 2021 by admin
There has been much media coverage of the Supreme Court Judgement made on the 15th January 2021 regarding the FCA Test Case involving some insurers business interruption wordings. Understandably this has caused...
Life insurance can be a valuable part of your business plans.
We recognize and expect changes in the economy, but the uncertainty of those changes calls us to be vigilant in our business continuation...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
If you’re approaching age 65 or your Indicial Election Enrollment Period or just starting to explore your Medicare options, you’ve likely come across the term “Medicare Advantage.” Also known as Medicare Part C, Medicare Advantage plans are an addition to Original Medicare (Parts...
When it comes to insuring your home, understanding the nuances of your policy can save you a significant amount of stress and money in the long run. Two critical terms that often come up in homeowners insurance are “market...
The Bank of Canada has expressed confidence that inflation will continue to move towards the 2% target. Canadian consumers will require further rate cuts and more time to alleviate pressure from their large debt-loads. The Trans Mountain Pipeline and...
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When it comes to travel, having the right insurance coverage is essential for peace of mind. While traditional...
More than $112 billion was lost to retail shrinkage in a recent year, according to the National Retail Federation (NRF). Retail loss, or “shrinkage” as it is commonly called, is a severe problem in the United States. A retailer...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
Health insurance is a notoriously complicated subject in the United States. Whether you're purchasing it for the first time or switching plans, keeping track of the Open Enrollment Period is critical. Here are the answers to your top questions...
Employees love quality health insurance coverage since it offers protection and peace of mind. It is also a benefit for employers, as it helps them recruit top-tier talent and boost productivity. Healthier employees make good business sense all around....
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On June 17, 2021, the U.S. Supreme Court rejected a lawsuit challenging the constitutionality of the Affordable Care Act’s (ACA) individual mandate in a 7-2 ruling. This lawsuit was filed in 2018 by 18 states as a...
PGGM, the Dutch pension investment manager has allocated $200 million to a new quota share structure named Scenery Re on behalf of its end-client the Dutch pension PFZW, with the vehicle managed by Everest specialist unit Mt. Logan Capital...
LIC has announced to launch of a new pension product with the name of LIC’s Jeevan Dhara 2. LIC’s Jeevan Dhara 2 is a Non-Linked, Non-Participating, Individual. Savings, Deferred Annuity plan. In LIC’s Jeevan Dhara 2 proposer has the option...
Is 1099 exempt from workers compensation insurance in Florida? This is a common question for many business owners in Florida who hire independent contractors. Simply put, most 1099 contractors aren’t required to have workers’ compensation insurance in Florida, unless...
