The average U.S. home insurance premium increased 24% between 2021 and 2024, according to the Consumer Federation of America.
Since 1999, insurance premiums increased at 3 times the rate of US workers’ earnings, along with escalating hospital prices.
Insurance rates are going up because of inflation, higher claims costs, and insurers adjusting to rising risks. Rising premiums affect millions of households and businesses across home, auto, and ...
Experts point to several factors behind the surge in health insurance prices, including general inflation, the growing use of ...
Rising property insurance rates, up 58% since 2020 and rising more this year, are leaving some property owners uninsured — even when insurance is available, which isn’t always the case — and keeping ...
Property insurance rates keep climbing, leaving Brooklyn brownstone owners with a tough challenge: how to protect their buildings without breaking the bank. With rates expected to keep rising, owners ...
LANSING — Michigan healthcare experts say looming increases in health insurance rates will lead to lower enrollment, adding pressure to the industry that is already struggling in rural areas. Rates in ...
Premiums for the most popular types of plans sold on the federal health insurance marketplace Healthcare.gov will spike on average by 30 percent next year, according to final rates approved by the ...
As the frequency of extreme weather events and natural disasters increases, so too does the cost of homeowners insurance. This exacerbates home affordability for prospective buyers, who are already ...
• Advertising costs are climbing faster than premium growth at some major auto insurers, pressuring expense ratios and underwriting margins. • Progressive’s ad spend soared above $1.3 billion per ...