State officials look into insurance rate increasesKeating, PatrickMichigan Chronicle
More people on the road means more accidents and filed claims, which increases the cost of car insurance for everyone. Below are the average car insurance rates for the 10 largest cities in Utah: Salt Lake City: $1,766 West Valley City: $1,859 West Jordan: $1,750 Provo: $1,644 ...
And this trend of high home insurance prices has continued on in 2024. Here's a deeper look at the biggest factors causing higher home insurance rates this year: Above-average inflation that increases home rebuild costs Inflation throughout the country still remains higher than historical averages...
Some states have consumer protection laws that slow rate increases, like California, which requires insurers to get approval from the state’s Department of Insurance before implementing rate hikes higher than 7%. While California’s regulations keep rates lower for consumers, they also make the mar...
Safeco has repeatedly been in the news for requesting insurance rate increases in multiple states. Liberty Mutual, its parent company, has requested the highest rate increases of any insurance provider in the U.S. Although the exact rate of change varies by state, Safeco homeowners in Montana ar...
When you get a car insurance quote, your insurance company uses multiple criteria to assess your level of risk and calculate your rate. Age and gender are two key components. In general, young drivers can expect to pay higher rates than middle-aged drivers, with rates typically increasing agai...
Ridiculous Rate Increases They just raised my rate by $100.00 which was bad enough but they raised my mother's $400.00. She's on a fixed income and her rate was already ridiculously high. She has a good driving record and has been with SF for decades. When we made a move to the Wes...
(as in, changes proposed in the 2023 budget, and more recent changes proposed this year), there’s a flurry of questions including how the proposed increases to the capital gains inclusion rate (CGIR) and the alternative minimum tax (AMT) will impact Canadians’ wealth. Revisiting your ...
The average annual cost of home insurance increased 8% in 2024 — nearly triple the rate of inflation (2.9%). In 2025, homeowners in some states will see sharper cost increases than others. Insurify projects California home insurance will rise 21%. The Palisades and Eaton fires that ravaged...
Specialty insurers and reinsurers have benefited from strong rate increases, sustained claims levels, and higher yields on new investments in their relatively short-duration fixed income portfolios. On the flipside, primary insurers retained a higher share of their catastrophe risk exposure and struggled...