Around 8,300 Ohioans were affected by the rate increase Home, auto insurance premiums skyrocket Experts say inflation is a major factor. Fox – LA MetLife customers in Ohio saw a 144% increase in their annual premiums for long-term care insurance, according to a letter the insurance company sent policyholders in July. The rate increase affected
SALT LAKE CITY — As folks along the Wasatch Front have spent the day cleaning up after the storms of the last few days, it begs the question: what damage will insurance cover? Many homeowners may not get the help they might expect from their insurance company. Most homeowner policies will cover damage caused by
Colorado Springs, Colo. – August 15, 2024 – USA Triathlon, the National Governing body for the sport of triathlon in the United States, has selected BikeInsure as the organization’s Official Bicycle Insurance partner, bringing affordable, opt-in bicycle insurance to USA Triathlon members. BikeInsure is a specialty bicycle insurance company offering bike coverage to all adult
California State Insurance Commissioner Ricardo Lara released a statement on Aug. 9 regarding the latest administrative actions through the California Department of Insurance in connection with addressing the state’s insurance crisis. Lara issued a Bulletin implementing rate review reforms aimed at stabilizing the state’s insurance marketplace. This accomplishes reforms that were included in budget trailer
The insurer of last resort in Florida isn’t meant to be competitive. But if it were, its average premium for regular homeowner’s insurance would have to almost double. According to a company presentation to state regulators earlier this month, Citizens Property Insurance policies continue to be significantly underpriced compared to private carriers. It estimates the
Proof that actuaries calculating the likelihood of one’s ice cream cone melting on a hot August day might be having a meltdown over having to cover the loss under what Baskin Robbins is serving up Wednesday: melt insurance. For one day, the chain is offering a replacement for the ice cream lost to this summer’s
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Ahead of Life Insurance Awareness Month, New Corebridge Financial Research Reveals How Misunderstandings Around Cost Contribute to Life Insurance Coverage Gap HOUSTON, August 14, 2024–(BUSINESS WIRE)–According to new research from Corebridge Financial, many Americans have a good understanding of key life insurance principles, yet nearly 6 in 10 either do not have coverage (50%) or
Shaq once tried to return a $1,500 Bronco because he couldn’t afford car insurance. Here’s how he got a better rate Basketball legend Shaquille O’Neal, commonly known as Shaq, has an extensive collection of luxury cars. But he still remembers a time when he couldn’t afford the monthly insurance payments for a beaten-up used car.
Life insurance plays an important role in providing for loved ones and dependents when an insured dies, enabling them to have some measure of financial security. A new study from Corebridge Financial examines how consumers view and use life insurance, finding that while many understand the fundamentals of life insurance, approximately 50% do not have