JEFFERSON COUNTY, AL (WBMA) — Severe weather, inflation and limited building supplies continue to lead to a surge in home and car insurance premiums. It’s been a trying few years for the insurance industry from back to back hurricanes to wildfires. And Alabama homeowners will pay the price. “Home insurance rates are up 9%, car
TALLAHASSEE – Amid long-running efforts to shift customers into the private market, the number of homeowners insured by the state’s Citizens Property Insurance Corp. plunged last week. Citizens posted data online Monday that showed it had 1,035,534 policies as of Friday, down from 1,271,907 policies a week earlier and 1,268,738 policies two weeks earlier. The
WEST PALM BEACH, Fla. — This hurricane season has left insurance companies paying out claims, but industry experts say don’t expect it to lead to higher rates. “Some people assume there’s a big storm that rates are going up in a few weeks,” Mark Friedlander of the Insurance Information Institute said. “It doesn’t work that
According to recent data, 78% of employees say they’re more likely to stay at a job based on the benefits offered. Furthermore, the cost of replacing an employee can be between one-half and two times the departing employee’s salary. To discover which industries offer the most comprehensive employee packages, international telecom provider TollFreeForwarding.com gathered new
Open enrollment for Maine’s online health insurance marketplace begins this Friday, November 1. The Mills administration is encouraging residents who aren’t covered through Medicare, MaineCare, or their employer to check out health and dental plans on the website CoverME.gov. Last year, more than 60,000 Mainers enrolled in marketplace plans. State officials said the majority were
“Halloween is a great time to gather with friends and family, but it can also wreak havoc on your home and property if you aren’t prepared. Homeowners should stay vigilant by taking precautionary measures around their homes and checking their policies to ensure they are updated.” Post this Whether you plan to host a Halloween
Credit: TippaPatt/Shutterstock. Arthur J Gallagher has announced the acquisition of New York-based Filos Agency. Filos Agency is a retail property and casualty insurance agency serving New York area businesses and individuals. Thomas Costantakos and his team will continue to operate out of their current location as part of Gallagher Agency Alliance under the direction of
Rising costs of homeowners insurance worsened by extreme weather events In recent years, natural disasters have become increasingly frequent and intense, causing significant damage to homes across the United States. These extreme weather events are not only wreaking havoc on properties but are also making it harder—and more expensive—for homeowners to obtain insurance coverage. Rising
The Global Investment Summit, held in October, highlighted that the UK has emerged as a leader in business start-ups, with 900,000 new ventures launched each year. All startups and SMEs require robust business insurance to protect them, however Google search data suggests a lot of confusion on the topic. One thing small business start-ups need
Since Hurricanes Helene and Milton devastated Florida, more than 49,000 insurance claims have been denied, leaving thousands of residents in financial uncertainty as they attempt to rebuild. According to data from the Florida Office of Insurance Regulation, many companies denied claims related to flood damage, a peril not typically covered under standard homeowners’ insurance policies.