Tag: environmental impact on insurance

Can Everglades Environmental Restoration Help Lower Rising Insurance Premiums?

H. Cutner
Everglades Restoration

Everglades Restoration Efforts Could Safeguard Florida Keys and Boost the Economy The Everglades, a sprawling subtropical wetland at Florida’s heart, holds far more significance than its postcard-perfect fan boats and alligators might suggest. The push to restore this “River of Grass” isn’t just about keeping the sawgrass healthy; it’s about addressing high stakes for the environment, the Florida Keys, and the broader economy—including its precarious insurance market. Efforts under the Comprehensive Everglades Restoration Plan (CERP) could bring massive economic and ecological benefits. But the path forward is riddled with both…

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Surging Insurance Costs Drive Record Shopping Rates: Analyzing the Key Trends

Marc
Surging Insurance Costs

Overview of Rising Home and Renters Insurance Costs In a striking revelation from the J.D. Power 2024 US Home Insurance Study, the costs of homeowners and renters insurance have surged beyond the rate of inflation, marking a significant shift in the insurance landscape. This uptick not only surpasses the average rate increases seen in auto insurance but also reflects a broader trend of rising insurance expenses nationwide. As these costs continue to climb, consumers are increasingly prompted to re-evaluate their existing policies, leading to a record high in shopping rates…

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