DIRS.INFO The most relevant business & tech news

While dogs are a man's best friend, they do add risk to a household and present challenges when you shop for homeowners insurance if you've run into the dog breeds insurance blacklist. Here's how dog breeds can affect your homeowners insurance, including the specific types of aggressive dog breeds that might increase your premiums or limit coverage options. The Most Commonly Restricted Dog BreedsDog breeds insurance blacklist usually varies by carrier, but here are some of the most common dog breeds that homeowners insurance companies tend to restrict. Dog Breeds Banned by Homeowners Insurance FAQHow do I find out if my dog is on the dog breeds insurance blacklist? Yes, some homeowners insurance companies that don't restrict dog breeds include State Farm, Chubb, and USAA.

Persons: Deborah Turner, Turner, Doberman, Danes Chow Chows, Courtnye Jackson, Chubb, USAA —, Jackson, Jamela Adam, Read Organizations: Insurance, Dean Insurance Agency, underwriters, Bulls, Huskies Staffordshire Terriers, Pit Bulls, Rottweilers, Insurance Information Institute, Triple, American Society for, Prevention, American Property, Casualty Insurance Association, American Kennel Club, Forbes, . News, Mint Intuit Locations: New York , Nevada, Illinois

☆ UK's Rightmove rejects sweetened $8.3 billion bid from Murdoch's REA Group
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: +2 min

Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch's global television and publishing empire, in Reno, Nevada, U.S. September 23, 2024. British real estate portal Rightmove rejected a sweetened $8.29 billion takeover bid from Rupert Murdoch's Australian property listing firm REA Group on Monday, saying the fourth bid still undervalued the company. That gave Rightmove an implied value of 781 pence per share, about a 3% increase over the previous bid. Rightmove said that during the discussions, REA had requested to extend the deadline to allow it to consider a potential fifth proposal. The U.K. company looks primed for a steady recovery from a property market downturn as the potential for more rate cuts boosts sentiment in the U.K. housing sector.

Persons: Rupert Murdoch, Rupert Murdoch's, REA, Rightmove, Andrew Fisher, Hamish McLennan, Rightmove's Organizations: REA Group, Murdoch's News Corp, REA, OnTheMarket Locations: Reno , Nevada, U.S, British, U.K

☆ Flood insurance likely doesn't cover storm damage in your basement
▼ + stars: | 2024-08-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Homeowners and renters insurance policies do not cover flood damage, however. Most people who have flood insurance get it through the federal government, via FEMA's National Flood Insurance Program, experts said. On average, about 30% of U.S. homes in the highest-risk areas for flooding have flood insurance, according to the University of Pennsylvania's Wharton Risk Center. Private insurers also offer flood policies and may offer higher coverage than FEMA's policies, according to the Insurance Information Institute. What basement items are covered by flood insurance?

Persons: Debby, Joe Raedle, Storm Debby, Miguel J, Rodríguez Carrillo, Johnson, Jessica Rinaldi, Kochenburger, Anna Moneymaker, NFIP, Don Griffin, Peter Kochenburger Organizations: Getty, Federal Emergency Management Agency, Homeowners, Flood Insurance, FEMA, University of Pennsylvania's Wharton Risk, Insurance, Boston Globe, Consumers, Lincoln, Washington DC, American, Casualty Insurance Association, CNBC, Southern University Law, Census Locations: Cedar Key , Florida, Charleston , South Carolina, U.S, Vermont, Washington ,, Washington, freezers

☆ Investors have lined up over $250 billion to scoop up distressed commercial real estate as pain in the sector continues
▼ + stars: | 2024-07-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Commercial real estate values have been on the decline in the US. Related storiesBanks, meanwhile, are quietly shedding exposure to commercial real estate debt. AdvertisementInvestors have been watching the commercial real estate industry since the pandemic when the work-from-home trend cleared offices of workers. Some real estate veterans are calling for a major correction in the industry. The commercial property sector, in particular, could see a wave of bankruptcies and properties with forced sales, according to Kiran Raichura, the deputy chief property economist at Capital Economics.

Persons: —, Banks, Goldman Sachs, Torsten Slok, Moody's, Kiran Raichura, Raichura Organizations: Service, Bloomberg, Business, Deutsche Bank, New York Times, Capital Economics Locations: North America, American

☆ The growing reason people can't afford to own a home
▼ + stars: | 2024-04-20 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Rising insurance costs could keep homeownership out of reach for many. AdvertisementAdding to that, as the climate crisis escalates, it's likely homeowners insurance will only become more expensive. The climate crisis is causing homeowners' insurance costs to riseThe average American homeowner pays $1,915 a year in insurance costs — about $160 a month — per NerdWallet. For instance, insurance rates increase in states with more severe natural disasters. Have you chosen to rent or move because of homeownership costs?

Persons: Laura Longero, Zers Organizations: Service, Business, Federal Reserve, Insurance, Farm, Allstate, Casualty Insurance, US Bureau of Labor Statistics Locations: Oklahoma, California, California , Florida, Texas, Florida

☆ Larry Hogan has raked in $157,000 for giving speeches in the last 2 years — including after he launched his Senate bid
▼ + stars: | 2024-04-15 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Read previewLarry Hogan has made $157,000 from paid speeches since the end of his term as Governor of Maryland, according to financial disclosure documents filed on Sunday. Terry McAuliffe at the Self Storage Association's National Spring Conference — came after he launched his GOP Senate campaign on February 9. This story is available exclusively to Business Insider subscribers. AdvertisementRicci told Business Insider on Monday that Hogan does not plan to give any more paid speeches while campaigning for Maryland's US Senate seat. Related storyIndeed, plenty of figures in both parties have given — and faced scrutiny — for paid speeches in the past, the most famous case being Hillary Clinton.

Persons: —, Larry Hogan, Terry McAuliffe, Spring Conference —, Governor Hogan, Hogan, Michael Ricci, Ricci, Jordan Libowitz, Hillary Clinton, Mike Rogers, Tom Suozzi Organizations: Service, Virginia Gov, Spring Conference, GOP Senate, Business, Maryland's, Citizens, Responsibility, Washington, GOP Michigan, Democratic, American, Casualty Insurance, National, Housing, LG Ad, Business Council of Canada, Republican, Senate, Senate Republicans Locations: Maryland

☆ For U.S. Cuban claims holders, spy Manuel Rocha's plea deal raises fresh questions
▼ + stars: | 2024-04-14 | by ( Michelle Caruso-Cabrera | ) www.cnbc.com time to read: +7 min

Raul Rubiera | Miami Herald | Getty ImagesWhen Carolyn Lamb saw news of Cuban spy Victor Manuel Rocha's arrest on the news last December, she recognized him immediately. The lower the value of the claims, the less the Cuban government would have to pay in any future negotiated settlement. Ashby assumed Rocha's paranoia about eavesdropping was in response to the George W. Bush administration's opposition to the Cuba claims buying business. But according to the Justice Department, by that point Rocha was already in his third decade as a Cuban agent. File photo of former US ambassador to Bolivia, Manuel Rocha, talking to the press on the 11th of July 2001.

Persons: V, Manuel Rocha, Steel Hector, Davis, Raul Rubiera, Carolyn Lamb, Victor Manuel Rocha's, Rocha, Lamb, Lamb's, Castro, Justin Solomon, CNBC Castro didn't nationalize, of Rocha, Fidel Castro's, It's, Jason Poblete, Poblete, John Kavulich, Sears Roebuck, Timothy Ashby, Ashby couldn't, Ashby, George W, Bush, Little, Covert, Gonzalo Espinoza Organizations: Miami Herald, Steel, Cuban, US State Department, National Security, Cuban Telephone Company, " Beverage Company, CNBC, Pepsi, General Electric, Century Fox, Cuba Trade, Economic Council, Justice Department, Citizen, State Department, National Security Council, DOJ, Cubans, FBI, AFP, Getty Locations: America, Omaha, Bolivia, Cuba, Havana, United States, Cuban, Rocha, Columbia, Dominican Republic, Honduras, Mexico, Argentina, Miami, Chile

☆ Why car insurance costs are skyrocketing and leading to higher inflation
▼ + stars: | 2024-04-11 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

RobertCrum | Getty ImagesDETROIT – Skyrocketing auto insurance costs helped contribute to inflation accelerating at a faster-than-expected pace in March and are adding to the ever more expensive costs for U.S. vehicle owners. Auto insurance costs have been on the rise for some time, growing every month as part of the index since December 2021. However, auto insurance remains a small portion of the CPI, with a 2.85% weighting. watch nowThe insurance cost increases on inflation come more than two years after the Biden administration largely blamed used car prices for pushing inflation higher in January 2022. The cost of vehicle insurance — which is mandatory in almost every state — varies by provider, driver, coverage and location.

Persons: Sean Tucker, Kelley, David Sampson, Sampson, Biden, Mitchell, Power, —, it's, Price, Mark Garrett, — CNBC's Robert Ferris, Jeff Cox Organizations: Getty, DETROIT, U.S, Auto, U.S . Bureau of Labor Statistics, American, Casualty Insurance Association, CNBC, Progressive, Power's U.S . Auto Insurance, State Farm, Liberty Mutual Locations: U.S, Power's U.S, Geico, .

☆ 40-year record high inflation is main driver behind rising insurance costs: APCIA CEO David Sampson
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email40-year record high inflation is main driver behind rising insurance costs: APCIA CEO David SampsonDavid Sampson, American Property Casualty Insurance Association president and CEO, joins 'Squawk Box' to discuss the surging auto and home insurance costs, what's driving the rising insurance rates,

Persons: David Sampson David Sampson Organizations: Casualty Insurance Association

☆ Why auto insurance rates are skyrocketing in the U.S.
▼ + stars: | 2024-03-23 | by ( Shawn Baldwin | ) www.cnbc.com time to read: +1 min

Car insurance is getting more expensive. The average annual premium for full coverage auto insurance in the U.S. rose to $2,543 in 2024 — up 26% from the previous year, according to Bankrate. "That has led to an environment where the consumer, the insured, is out shopping for auto insurance and finding that they cannot find an insurer that has a lower premium for them." Around 215 million Americans carry auto insurance and the market is valued at roughly $353 billion, according to IBISWorld. So, what other factors are behind the spike in auto insurance rates and what impact are rising premiums having on consumers and large publicly traded companies such as Allstate, Progressive and Berkshire Hathaway's Geico ?

Persons: Stephen Crewdson, Berkshire Hathaway's Organizations: American, Casualty Insurance Association, Allstate, Progressive, Berkshire Locations: U.S, .

☆ 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

☆ A flood insurance quirk makes basements a bad place to keep your stuff
▼ + stars: | 2024-02-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +7 min

The problem is: If your basement floods, your flood insurance policy likely won't cover damages to most — if any — of your belongings. What is flood insurance? To that point, 99% of U.S. counties have experienced a flood since 1998 — and more than 40% of flood insurance claims are from outside high-risk flood areas, according to FEMA. Most people who have flood insurance get it through the federal government, via FEMA's National Flood Insurance Program, experts said. Consumers concerned about flood risk and insurance coverage should consider not putting their stuff in a basement, if possible, Kochenburger said.

Persons: Johnson, Jessica Rinaldi, Peter Kochenburger, Eric Thayer, Kochenburger, NFIP, Don Griffin, it'd, Griffin, Policyholders Organizations: Boston Globe, Getty, Southern University Law Center, Insurance, FEMA, Federal Emergency Management Agency, Flood Insurance, Bloomberg, Consumers, American, Casualty Insurance Association, Census, Southern University Law Locations: Vermont, United States, U.S, Whittier , California, freezers

☆ The hidden expense that's sucking $74 billion out of the economy
▼ + stars: | 2023-11-30 | by ( Bartie Scott | ) www.businessinsider.com time to read: +14 min

They said rising costs kept the board from expanding amenities residents wanted, such as a shared composting system. jhorrocks/Getty ImagesRising price for peace of mindIn the constellation of household costs, insurance is often one of the lesser-noticed line items. But recently the rising cost of repairs and the frequency of damaging weather events have made the deal go sour. Rising insurance costs could inflict more pain on another bruised area of the economy: housing affordability. For this reason, insurance companies could decline to cover them or require costly upgrades before agreeing to a policy.

Persons: that'd, Mark Pauly, Tim Quinlan, you'll, Quinlan, it's, Francesco D'Acunto, D'Acunto, Pauly, they've, Nature, John Coletti, That's, Bartie Scott Organizations: Insurance, Research, Bank of America, Global, American, Casualty Insurance Association, University of Pennsylvania's Wharton School of Business, Insurance Information Institute, Georgetown University's McDonough School of Business, Social Security, National Flood Insurance, Business Insider's Locations: Logan, Chicago, Florida, Wells Fargo, California

SACRAMENTO, Calif. (AP) — A new plan from California's insurance commissioner aims to stop the nation's top insurers from leaving the wildfire-prone state by letting them consider climate risks when setting their prices. Unlike most states, California tightly restricts how insurance companies can price policies. Companies aren't allowed to factor in current or future risks when deciding how much to charge for an insurance policy. It’s one reason why, in the past year, seven of California’s top insurance companies have paused or restricted new business in the state. On Thursday, California Insurance Commissioner Ricardo Lara said the state will write new rules to let insurers look to the future when setting their rates.

Persons: aren't, Ricardo Lara, ” Lara, Denni Ritter, Amy Bach, United, “, Ken Sweet Organizations: First Street Foundation, California, American, Casualty Insurance Association, Consumer Watchdog, Associated Press Locations: SACRAMENTO, Calif, California, Florida, New York

☆ 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

☆ Homeowners ditching home insurance over rising premiums
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHomeowners ditching home insurance over rising premiumsUBS’ Angeline Newman and American Property’s Karen Collins join 'The Exchange' to discuss homeowners passing on home insurance.

Persons: Angeline Newman, Karen Collins Organizations: UBS

☆ How to buy a home insurance policy in era of climate risk and more frequent disasters
▼ + stars: | 2023-08-30 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +4 min

Frequent weather catastrophes, induced in part by climate change, are bearing down on homeowners and would-be buyers. Here's how consumers can navigate the home insurance market amid increasing climate-driven weather risks:The home insurance market disruption is going to get worseThings are likely to get worse for homeowners and would-be buyers. Also in June, Farmers Insurance became the latest insurer to pull out of Florida, a market that's been roiled with turmoil for many years. Policyholders should expect to pay moreThe average cost of homeowners insurance nationwide is $2,777 a year, with rates varying by state, according to Insurance.com, a consumer comparison service. Already, some homeowners are choosing to roll the dice on ownership without insurance rather than pay increasing premiums.

Persons: Hurricane Ian, Idalia, Ian —, John Dickson, David A, Sampson, —, George Hosfield, Rich Sorkin, Stephen Bennett Organizations: Global, Aon, American, Casualty Insurance Association . Insurance, LexisNexis, Allstate, Farmers Insurance, Jupiter Intelligence Locations: Pine, Hurricane, Matlacha , Florida, Florida, California, Cuba, Oklahoma, Hawaii, Arkansas, Louisiana , Nebraska , Iowa , Kansas , Oklahoma , Illinois, Kentucky, Tennessee

☆ APCIA CEO talks natural disasters and insurers pulling out of large parts of the country
▼ + stars: | 2023-08-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAPCIA CEO talks natural disasters and insurers pulling out of large parts of the countryDavid A. Sampson, American Property Casualty Insurance Association president and CEO, joins 'Fast Money' to talk headwinds insurers are facing as natural disasters become more and more expensive to insure.

Persons: David A, Sampson Organizations: Casualty Insurance Association

☆ International buyers of US homes have fallen to the lowest since 2009, the National Association of Realtors says
▼ + stars: | 2023-08-02 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

Fewer foreign buyers are entering the market than ever, according to a report by the National Association of Realtors. A supply shortage, dollar strength, and difficulties in obtaining financing are among reasons cited for the decline. A supply shortage has had significant knock-on effects for foreign buyers of American homes. Buyers from abroad have declined to the lowest level since records began in 2009, according to a report published by the National Association of Realtors. Per the data, the number of existing homes purchased by foreign buyers from April 2022 to March 2023 fell by 14% to around 84,600.

Persons: – Organizations: National Association of Realtors, Service Locations: Wall, Silicon, America

☆ 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

☆ Mistakes by the US's top spies allowed China to turn a deadly mid-air collision into an intelligence coup
▼ + stars: | 2023-03-22 | by ( James Bamford | ) www.businessinsider.com time to read: +36 min

On April 1, 2001, a US EP-3 spy plane collided with a Chinese fighter jet over the South China Sea. One of eleven left in the fleet, the tired 1960s-era spy plane bristled with porcupine-like antennas. Within minutes, however, the fighters had reached the lumbering spy plane, and while Zhao Yu hung back about a half-mile, Wang Wei rapidly closed in. In severe trouble, he immediately radioed the base, telling them he was unable to maneuver and being sucked in by the spy plane. "You are not allowed aboard the aircraft," Osborn said.

☆ For the Black community, bitcoin represents an opportunity for wealth preservation
▼ + stars: | 2023-02-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

But for many in the Black community, that narrative is still alive and it's imperative that people stay focused on it. There's a long game to play, however, particularly for the Black community. For Black people, that's a golden opportunity to level the playing field and give them "sovereignty" over their wealth, said Lamar Wilson, founder of crypto-focused network Black Bitcoin Billionaire. Fast forward to today, and Black people still largely start their wealth building journeys from behind. Still, within that group, at every income level, there's a big difference in the unbanked rates between Black and white households.

☆ Insurers Say Cyberattack That Hit Merck Was Warlike Act, Not Covered
▼ + stars: | 2023-02-08 | by ( Richard Vanderford | ) www.wsj.com time to read: +6 min

The Merck case has attracted attention, and not just for the amount at stake or because it touches on cyberattacks, a growing risk to businesses of all sizes. “The United States didn’t say ‘NotPetya is an act of war against the United States and we’re going to launch a military response,’” Mr. Mosier said. The insurers appealed after a lower court judge sided with Merck in 2021. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. PREVIEWMore broadly, APCIA argued that a win for Merck could jeopardize other similar exclusions that insurers rely on when drafting policies.

☆ Insurers Avoid Picking Up Businesses’ Covid-19 Pandemic Costs
▼ + stars: | 2023-02-03 | by ( Richard Vanderford | ) www.wsj.com time to read: +6 min

“If they assumed incorrectly, the mom-and-pop restaurants shouldn’t be penalized.”Federal appeals courts so far have rejected cases like Consolidated Restaurant’s. In January, the federal appeals court in Philadelphia ruled against a range of businesses. With that decision, businesses had seen losses in 11 federal appeals courts, whose jurisdictions span nearly the entire country. Business interruption insurance policies are typically written to address harm to property: For instance, if a water-main break floods a sales floor, or a fire forces a business to close. In June, a Boston federal appeals court rejected a Covid insurance claim by a group of restaurants.

☆ You may experience a 'mysterious disappearance’ on Halloween — and insurance probably won't pay for it
▼ + stars: | 2022-10-31 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Renters and homeowners insurance claims related to a "mysterious disappearance" increased by 5% on Halloween and 3% on Mischief Night, which is the night before Halloween, according to Travelers Insurance claims data from 2011 to 2021. Some have clauses that explicitly deny payment in cases of such a "mysterious disappearance." Why 'named perils' matter in insurance coverageHowever, you're not necessarily in the clear just because your policy doesn't explicitly omit a "mysterious disappearance." When it comes to personal property, insurance generally only covers renters and homeowners for a "named peril," Griffin said. So-called all-risk policies or open perils policies, by contrast, cover any event the policy doesn't specifically exclude.

Search resuls for: "American Property"

25 mentions found