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☆ 1976 was the last time car insurance rates rose this fast
▼ + stars: | 2024-03-13 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

But here’s something that hasn’t changed much: the pace at which car insurance rates are rising. Car insurance rates are up almost 21% for the 12 months ended in February, according to new Consumer Price Index data released Tuesday. The last time car insurance rates rose that much on an annual basis was 1976, not counting January, which saw the same annual rate increases. The rise in car insurance rates alone contributed half a percentage point to the overall 3.2% inflation rate last month. Meanwhile, drivers in North Carolina saw the smallest bump in car insurance rates, up just 5.5% over that same timeframe.

Persons: Gerald Ford, Steve Jobs, Steve Wozniak, hasn’t, it’s, Tim Zawacki, Zawacki, ”, Robert Passmore, “, ” Zawacki Organizations: New, New York CNN, Apple, P Global Market Intelligence, CNN, National, LexisNexis, Casualty Insurance Association, Silver State Locations: New York, Nevada, Wyoming, Silver, North Carolina

☆ Car insurance rates just had their biggest annual jump in 47 years. This is why
▼ + stars: | 2023-09-13 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +8 min

While that insurance is for a 2022 Porsche Taycan, even friends of his who drive lower-end models are paying more for car insurance, he told CNN. Yet he's seen his car insurance rates increase from $140 a month in 2020 to his current rate of $278 a month. Car insurance rates are increasing for a variety of reasonsTwo months ago, Nationwide notified Darnell Coates-Clark, 55, an EMT based in Baltimore, that he would be hit with a 33% increase in his car insurance. He acknowledged he doesn’t have “stellar credit,” which is known to impact car insurance rates. Darnell Coates-Clark saw his monthly car insurance rates double over the past two years.

Persons: Kyle Barone, Barone, didn’t, USAA, He’s, “, ”, hasn't, he's, haven’t, Darnell Coates, Clark, Coates, ’ ” Coates, hasn’t, Ryan Ankrom, Clark USAA, Andrew Femath, Stephen Crewdson, Hurricane Ian, Robert Passmore, Crewdson, ” Crewdson, Betsy Stella, Insurify, what’s, “ I’ve, “ I’m, I’ve Organizations: New, New York CNN, Volvo, CNN, Porsche Taycan, Norwegian Cruise Line, Kyle Barone Drivers, Sunshine State, Nationwide, P Global Market Intelligence, Casualty Insurance Association, National, Traffic Safety Administration Locations: New York, United States, Florida, Jacksonville , Florida, Tampa, Norwegian, Sunshine, Southwest Florida, Baltimore, Maryland, Hurricane

☆ Fireworks cause $59 million of property damage a year. Your insurance policy may cover it
▼ + stars: | 2023-07-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Renphoto | E+ | Getty ImagesWhat homeowners and renters insurance likely coverThe typical homeowners insurance policy has two coverage areas. The second is for liability; this covers you if you're liable for injury or property damage to another person, perhaps a friend or neighbor harmed by an errant firework. Fireworks caused $59 million in direct property damage in 2021, according to the most recent data from the National Fire Protection Association. Homeowners policies generally cover fire damage, whether to the house, patio furniture or other property, Passmore said. Insurance policies generally carry exclusions.

Persons: Robert Passmore, Passmore, they're, Kochenburger, Peter Kochenburger Organizations: National Fire Protection Association, American, Casualty Insurance Association, NFPA, University of Connecticut Locations: U.S

☆ Color of Change, pioneering racial-justice nonprofit, is plagued by allegations of sexual assault and bullying, ineffective leadership, and deep layoffs say sources
▼ + stars: | 2023-05-17 | by ( Sean Campbell | ) www.businessinsider.com time to read: +16 min

Misconduct by senior leadership was often ignored or glossed over, and choas led to high turnover. But behind the scenes, some staff members say the organization has been wracked with internal turmoil, ineffective leadership, and deep layoffs. Many sources said allegations of misconduct by senior leadership seemed to be ignored or glossed over, and a chaotic environment led to high turnover. The following day, Color of Change eliminated another 12 positions, and again, many of them were part of the union. (Color of Change did not report executive salaries on its 2020 tax filings and has not released its 2021 returns.)

☆ How to Deal With Rising Auto Insurance Rates
▼ + stars: | 2023-05-05 | by ( Ann Carrns | ) www.nytimes.com time to read: +2 min

The federation supports eliminating the use of credit scoring in insurance rating, saying it especially harms lower-income customers and people who live in minority neighborhoods. (At least three states — California, Hawaii and Massachusetts — bar the use of credit scoring in setting these premiums, and a few others limit its use.) Insurers defend giving better rates to drivers with good credit, saying it makes sense because those customers are less likely to file insurance claims. “The vast majority of customers get a better rate because we’re using credit scoring,” Mr. Passmore said. While many people “would rather get a root canal,” he said, getting auto insurance quotes isn’t difficult.

☆ Gilbert & George to open London art centre with after-life exhibition
▼ + stars: | 2023-03-24 | by ( Hannah Ellison | ) www.reuters.com time to read: +2 min

[1/5] Art duo Gilbert & George debut 'The Gilbert & George Centre' a permanent home for their artworks in East London, in London, Britain March 24, 2023. The Gilbert & George Centre, in the city's Spitalfields area, is less than 5 minutes from the life and work partners' home and studio. Normally it's limited what you can see in cities, here they can see an intense Gilbert & George feeling," Italian-born Gilbert, whose full name is Gilbert Proesch, told Reuters on Friday. "They're experiencing Gilbert & George art, that's what it is, our vision of the world, our morality, our behaviour and everything." British-born George, whose full name is George Passmore, added: "The Gilbert & George centre is going to be a cultural force."

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