COMAP’s Insurance of Catastrophes Modelers (ICM) are interested in the sustainability of the property insurance industry. As climate change increases the likelihood of more severe weather and natural disasters, ICM wants to determine how best to posture property insurance now such that there is resi...
"Most homeowners cannot afford year after year increases, running 30-40 percent. In some cases, 100 percent or more," said Mark Friedlander with the Insurance Information Institute. He points to four factors driving up insurance costs. Florida's weather, too much litigation, reinsurance costs for...
State Farm followed suit last year, saying it would stop accepting new home insurance applications in California due to "historic" increases in construction costsand inflation. A sign is posted in front of a State Farm insurance office on January 03, 2024 in Berkeley, California. State Farm ann...
"Economic stress and low affordability will still be major challenges, with the start of the year usually bringing increases in school and transport fees, insurance premiums and medical aid costs, as well as various other regular expenses. These will probably not be matched by similar increases in...
Yet insurers can view these changes as opportunities for growth, looking to expand beyond premium increases by closing the widening protection gap and reducing the prevalence of self-insurance among companies. In an industry in which winners keep winning, inflection ...
As the insurance company expands, its profitability may decrease at an early stage and then increases at a later stage. As explained by Alhassan and Biekpe (2015), when an insure grows, it may meet difficulties in monitoring and control until it starts to have the ability to properly ...
CIAB: All Commercial Lines See Lower Q3 Premium Increases Except Umbrella More Pricing Trends Articles Agencies Miami Insurance Agent Pleads Guilty to Keeping $6M in Premium Finance Loans Musk, Ramaswamy Will Lean on Supreme Court Rulings to Cut US Agencies ...
July 26, 2024 Things to Know Before Applying for Apartment Insurance in Toronto Apartment insurance protects your valuable things and more. It covers your belongings if they’re stolen or damaged. Think clothes, furniture, and electronics. But it’s not just about your things. It also helps ...
The solid performance of commercial insurers was dwarfed by that of brokerage firms, which had a five-year annual TSR of approximately 23%. (See Exhibit 6.)This might not be a perfect comparison because, in contrast to insurance, brokerage is a capital-light business with minimal balance sheet...
A municipality'sassessmentoffice will have all the tax information on file, or you can talk to homeowners in the community. Be sure to find out if property tax increases are probable in the near future. A town in financial distress may hike taxes far beyond what a landlord can realistically...