Tag: insurance rates

Homeowners insurance price rising higher in Ohio

G. Turner
Ohio homeowners Insurance

The state that has previously experienced low auto will also see higher premiums in that sector. According to the latest auto and homeowners insurance data that has been released from the Ohio Department of Insurance, the price of both of those forms of coverage is on the rise, despite the fact that this state is known for its low rates. There was an average increase of 4.1 percent among the leading 10 private passenger auto insurer groups. Moreover, among homeowners insurance groups, the increase in Ohio was an average of…

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Homeowners insurance customers in Florida receive explanation for cost hikes

H. Cutner
Florida Homeowners Insurance

The commissioner in the state has released a statement to property owners to explain the rates. The homeowners insurance head in Florida has released a statement that has said that there is a reason that the cost of coverage has not been falling despite the fact that one of the biggest expenses typically faced by insurers is now an area in which they are saving money. In fact, the commissioner went on to caution that the rates for this coverage may continue to rise. As some homeowners insurance companies have…

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Long term care insurance pricing to factor in gender

G. Turner
Long Term Care Insurance cost for women gender

Women are about to see their LTCI premiums head skyward compared to those paid by men. The average lifespan of a woman is considerably longer than that of a man and, for the first time in the United States, some long term care insurance companies are seeking to make them pay higher premiums to help to compensate for the higher costs that this longer lifespan entails. Pricing that is gender specific is something that has been tossed around for some time now. As long term care insurance providers seek to…

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Commercial insurance rates on the rise in the US

S.Vagus
Commercial Insurance

MarketScout data shows growth of commercial insurance rates Commercial insurance rates continue to rise in the U.S., according to data from MarketScout, an insurance quotes firm. Rates have risen for four consecutive months throughout the country for various reasons, including the impact of natural disasters, fraud, and general issues involving theft and regulatory changes. Commercial insurance rates are expected to continue growing in the foreseeable future, especially where vehicle and property coverage is involved. Exactly how quickly rates will grow is not certain. Rates grow by 5% in June of…

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Premiums set to grow throughout the insurance industry

Logan B.
International Insurance Industry

Swiss Re reports on the state of the insurance industry Swiss Re, a leading global reinsurance firm, has released a new report concerning the state of the insurance industry and the cost of coverage. The global insurance industry has been seeing a great deal of activity recently, some of which has been considered somewhat negative. The negative issues that the industry has had to deal with are largely associated with powerful natural disasters that have occurred in some parts of the world in recent months. The report shows that natural…

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