Tag: insurance rates

Flood insurance rates battle now includes another state

H. Cutner
flood homeowners insurance rates

Mississippi has been trying to combat the federal plans to boost the price of coverage. The intentions to increase federal flood insurance rates is currently being challenged by Mississippi, and that state is far from being alone as Louisiana, its neighbor, has now joined the others in this legal action to try to keep the cost at an affordable level. The original lawsuit was filed by Mississippi in an attempt to stop increases at the start of October. The National Flood Insurance Program (NFIP) had announced that premiums for most…

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Insurance and credit score make a troublesome mix

S.Vagus
Suze Orman Credit Score Insurance Woes

Credit score and its use by the insurance industry is not well understood by consumers Insurance and credit score are too things that often intermingle without much notice. Many insurance companies use credit score and other socio-economic information to price policies. This is somewhat common in some U.S. states, but it is also banned in much of the country due to the fickle nature of credit and the relatively loose understanding that consumers have regarding their own credit scores. Suze Orman, a prominent financial advisor, has been calling into question…

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Homeowners insurance rates spike following last year’s bushfires

G. Turner
Tasmania Brushfires homeowners insurance

The cost of coverage has soared in Tasmania after the massive disaster of last summer. The massive bushfires in Tasmania that made headlines throughout the summer season, last year, are now having an impact – quite a dramatic one, in fact – on the prices that are being paid for homeowners insurance coverage. Property owners in the Tasmanian region are now seeing considerable increases at the start of this summer. In fact, the homeowners insurance premiums in Tasmania are now rising far higher than people in Western Australia and Victoria,…

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Auto insurance remains high for Connecticut drivers

G. Turner
connecticut auto insurance

Motorists in the state won’t be experiencing any relief from the higher prices that they pay for coverage. Drivers in Connecticut are paying a higher price for auto insurance than other Americans across the country, and studies are now revealing that there are a number of reasons that motorists in that state face higher coverage costs. The high cost of living and higher income levels have always been contributors to higher premiums. Studies are indicating that there are a number of new and growing reasons that people in Connecticut are…

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Auto insurance fraud to blame for high costs

Julie Campbell
Auto insurance fraud

According to the industry, it is the scammers and thieves that are to blame for consumers having to pay too much. Drivers in Ontario, Canada have been complaining about the high cost of auto insurance, and the industry in that province has now responded by confirming that these consumers are right, consumers are paying too much. However, the reason for these skyrocketing prices is that fraudsters are keeping costs high for the insurers. Massive investigations into the auto insurance rates in Ontario have been underway since the NDP (New Democratic…

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