Falvey Insurance Group has recognized the changing insurance landscape for various industries and responded by creating an innovative Commercial Output insurance product. This new offering targets the unique challenges faced by sectors such as manufacturing, institutional, industrial, and commerce.
The health of the US commercial insurance sector is reflected through the pattern of policy pricing changes. Recent data from WTW's Commercial Lines Insurance Pricing Survey (CLIPS) for Q4 2023 highlights a significant rise in prices, now exceeding 6%, which marks a clear increase compared to
The property and casualty insurance industry is experiencing a notable surge in home insurance costs, with premiums climbing by approximately 35% in the last two years. Homeowners, especially in states vulnerable to disasters, are feeling the financial pressure as insurance becomes less affordable.
The insurance landscape in California is experiencing significant changes as Farmers Direct Property and Casualty Insurance exits the market, affecting around 100,000 policyholders. This departure hints at the company's redirected strategy, possibly due to the intricate regulatory demands and the
The recent surge in US car insurance rates has added a heavy burden to American finances, harking back to unsettling trends reminiscent of the mid-1970s. Car insurance rates soared by almost 21% in February alone, accounting for half a percentage point of the overall 3.2% inflation rate that month.
The Invesco KBW Property & Casualty Insurance ETF (KBWP) stands out in the investment world, catering to those interested in the dynamic financial sector. This ETF focuses specifically on the property and casualty insurance industry, offering investors a targeted entry point into an essential part
