As North Carolina residents brace for what could potentially be another inevitable rise in auto insurance rates, insurance companies have made a notable request that could come into play by fall 2025. This latest proposal closely follows a recent two-year period that saw a 4.5% annual increase
In today's volatile market, commercial property owners face numerous challenges in securing comprehensive insurance coverage. Escalating property values, tighter insurance markets, and the pervasive effects of climate change have made it increasingly difficult to protect financial stability.
Insurance is often considered a safety net, a way of mitigating risks and protecting valuable assets like homes and vehicles. However, the intricacies of how the industry operates can sometimes lead to unexpected outcomes, as John Rosso of Prairieville discovered. Rosso’s unfortunate experience u
California is currently grappling with a severe auto insurance crisis, exacerbated by the ever-increasing number of uninsured drivers and rising insurance premiums. This situation is further complicated by Proposition 213 (Prop. 213), a law that significantly limits the compensation uninsured
The potential economic impact of climate change on property values in the United States is becoming increasingly evident. Human-driven climate change could lead to net property value losses amounting to $1.47 trillion due to rising insurance costs and changing consumer demand. This significant
The coastal regions of North Carolina have been at the center of a heated debate over homeowner insurance rates. The North Carolina Rate Bureau (NCRB) initially proposed a nearly 99% increase in premiums for homeowners in the tri-county beach areas, sparking significant public outcry. This proposal
