More kids have health insurance now than before the pandemic

American Health insurance - Kids

Coverage levels rose throughout the COVID-19 pandemic, likely due to a congressional provision. The percentage of American children who didn’t have health insurance coverage decreased notably throughout the pandemic, likely due to a congressional provision that stopped states from dropping anyone with Medicaid throughout the worst of it. The uninsurance rate among children in 2021 was 5.4 percent compared with 5.7 percent in 2019. The year before the pandemic struck, the percentage of kids without health insurance coverage was 5.7 percent. That figure fell to 5.4 percent last year, already…

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Mercury Insurance shares home water conservation tips

Mercury Insurance - Water Saving Tips

As consumers tighten their belts due to inflation, insurers are seeking to provide ways to save. While some insurers are working on creating plans and quote strategies to help consumers to find deals and discounts where they can, Mercury Insurance is also sharing tips for savings in other areas. The insurer recently released tips to help consumers to save money and water at the same time. There are many places around the home where water can be saved. This is both an environmentally conscious step that homeowners and renters can…

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Florida home insurance soon to include surcharge

Florida home insurance - Home - cash

The additional fee on monthly bills is intended to cover several insolvent companies in the state. Florida home insurance customers can expect to see a new surcharge on their upcoming monthly bills, to act as coverage for insolvent companies in the state. The surcharge will help FIGA to cover the claims from insurers that have gone into receivership. The added surcharge Florida home insurance customers will be paying is intended to make sure claims made on policies sold by insolvent insurers will still be paid. They will support the claims…

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Consumers shopping around for better auto insurance prices

Auto insurance - Blue car

A new JD Power report shows increasing interest in usage-based policies and telematics. A rising number of consumers have been shopping around to find better prices for their auto insurance as inflation and gas prices send the cost of living skyward, says a new JD Power report. Increased costs have led many drivers to find new way to save money on their coverage. The JD Power research showed that higher gas prices and cost issues related to inflation have been sending drivers to compare rates from different auto insurance companies…

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Australian home insurance prices climb due to climate change

Home insurance - Australia - Map

A new green paper report from Finity has shown that global warming is skyrocketing coverage costs. Climate change is having an impact worldwide, but it isn’t dolling out the pain equally, as Australian homeowners are discovering as their home insurance premiums rapidly climb, said a new Finity green paper report. The Australian coverage industry is experiencing increasing losses due to extreme weather events. The Australian home insurance industry has been experiencing rising losses from extreme weather-related events over the last decade, even accounting for exposure growth and inflation. This year…

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Berkshire Hathaway Specialty Insurance loses billions H1 2022

Berkshire Hathaway Specialty Insurance - Billions in losses

Global insurer BHSI has revealed that it has suffered deep losses in both the second quarter and first half. Berkshire Hathaway Specialty Insurance has revealed its second quarter and first half financial results for 2022, showing that it had lost billions during those spans of time. The insurer stated that its net loss attributable to shareholders totaled $43.8 billion in the Q2 2022. Berkshire Hathaway Specialty Insurance lost $43.8 billion during the second quarter that ended on June 30. That said, its attributable net losses for the first half of…

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Louisiana home insurance customers with UPC might need new policies soon

Home insurance Policy Cancelled

Commissioner Donelon said that the first to be affected are those with Freddie Mac-backed mortgages. Louisiana Insurance Commissioner Jim Donelon is urging home insurance policyholders to find out if they are likely to lose their home insurance through UPC and to take action early if so. Florida-based United Property and Casualty is the latest insurer to find itself struggling in the state. The home insurance company will stop writing new policies in Louisiana starting January 1, 2023. “That is because their financial rating has been downgraded, to the point where…

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