The insurance industry, often considered a bedrock of stability, has found itself under the microscope as the United States imposed tariffs that have rippled through various economic sectors. These tariffs, primarily aimed at manufacturing, agriculture, and consumer goods, have created a climate of
The cost of home insurance is getting more expensive by the day. According to S&P Global Market Intelligence, home insurance premiums rose an average of 13% in 2024, with rates rising more than 20% in some states. As premiums continue to climb, many homeowners are starting to feel the financial
As the climate crisis worsens, American households are facing the brunt of increasing insurance rates and growing difficulties in securing coverage. The escalating frequency and severity of natural disasters have resulted in significant financial losses for insurance companies, compelling them to
As the challenges related to rising costs in construction materials, labor, and reinsurance amplify, Nevada's residents will soon experience significant hikes in their insurance rates. Recently, the Nevada Division of Insurance (DOI) approved rate increases for over 130,000 Nevadans, primarily
In recent years, Americans have witnessed a troubling trend: natural disasters are becoming more frequent and severe, exacerbating the financial burden on individuals and the insurance industry. Hurricanes, wildfires, and extreme weather events have escalated in both number and intensity, largely
The Marsh Global Insurance Market Index for the fourth quarter of 2024 reveals significant shifts in global commercial insurance rates, reversing a seven-year trend of consistent rate increases. The overall global insurance rates declined by 2%, marking the second consecutive quarterly decrease.
