Climate change is impacting the price of home insurance, with the average premium rising 21% last year.
Home and auto insurance premiums have been rising at double-digit rates. That's prompting even the most loyal insurance customers to shop around for better deals.
Insurance companies invoke a litany of reasons for raising premiums. Inflation has been a big one since prices took off in... to rising legal costs. Industry groups say there’s been...
Why Insurance Premiums Are Rising Experts share strategies for dealing with the increases As with most things these days, the costs of insurance are rising—particularly in the multifamily sector. I...
Latest ABI figures highlight that the average price paid for motor insurance rose by 25% over 2023, as insurers continue to battle rising costs, and provide competitively priced motor insurance.
Auto insurance premiums are on the rise again in 2024, with an anticipated average increase of 12.6%, according to ValuePenguin's latest report. This surge…
Business insurance premiums explained, including why they’re rising and how to cut costs.
Not surprisingly, severe accidents leave insurance companies with rising loss ratios, or a share of premiums collected that insurers paid out in claims. "Broadly speaking, severity in [the]...
The cost of auto and home insurance is rising much faster than overall inflation, thanks in part to a string of billion-dollar storms. A growing number of people are going without insurance.
Global marine insurance premiums rise to $38.9 billion in 2023, a 5.9% increase! Growth across all lines is fueled by rising global trade and vessel values…