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☆ Car owners claimed a bear trashed their Rolls-Royce. Insurers say it was fraud involving a person in a bear suit.
▼ + stars: | 2024-11-15 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

The California Department of Insurance said the "bear" was actually a person in a costume. AdvertisementFour Californians said a bear damaged their luxury car, but insurers have accused them of insurance fraud involving someone dressed in a bear costume. However, CDI investigators determined that the "bear" in the footage was actually a person wearing a bear costume, the press release said. Insurance fraud is a major issue in the US. According to the Coalition Against Insurance Fraud, it costs the country over $300 billion annually.

Persons: —, — Ruben Tamrazian, Vahe Muradkhanyan, Alfiya Zuckerman —, Royce, Mark Friedlander, Friedlander Organizations: California Department of Insurance, Service, CDI, California Department of Fish, Wildlife, San Bernardino County, Coalition Against Insurance, Insurance Information Institute, Fox Business, US Bureau of Labor Statistics Locations: California, Los Angeles, Ararat Chirkinian, Lake Arrowhead , California, San Bernardino, California , New York, Florida

☆ Halloween kicks off a season of home insurance risks. Here's what homeowners need to know
▼ + stars: | 2024-10-31 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Solstock | E+ | Getty ImagesWith all the festivities that happen around Halloween and the trick-or-treaters ... think about the safety of the pathways and the accessibility of your home. Make sure the pathways are clear and "everything is very well lit," she said. "We recommend that you use LED lights or battery lights instead of live candles for safety reasons," said Orbann. Secure your pets and belongingsIf you have a pet, make sure they're secured on Halloween, both to protect trick-or-treaters and the pet as well, said Orbann. "If the dog isn't trained and there's a loss or an injury, that's going to increase your liability insurance tremendously," Worters said.

Persons: Angi Orbann, you've, Orbann, Worters, who's, Loretta Worters, they're, that's Organizations: Travelers Insurance, Insurance, Institute Locations: Turkey

☆ Hurricane Milton’s losses of up to $34 billion could make it one of the costliest storms in US history
▼ + stars: | 2024-10-17 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN —Losses from Hurricane Milton could reach as high as $34 billion, according to an early estimate of both flood and wind damage from research firm CoreLogic, with between $4 billion to $6 billion of those losses being uninsured flood damage. Most insured flood damage is covered by the National Flood Insurance Program (NFIP), run by the Federal Emergency Management Agency. Homeowners who live in areas at high risk of flooding are often required by their mortgage lender to have flood insurance. The Milton losses will likely total far below CoreLogic’s estimated losses of up to $47.5 billion from Hurricane Helene, which came only two weeks before Milton. The lower end of the insured losses estimate from CoreLogic would be $17 billion, with $13 billion of wind damage covered by homeowners and business insurance , and $4 billion of insured flood losses.

Persons: Hurricane Milton, ”, Daniel Betten, Milton, “, Tom Larsen, Hurricane Helene, Ike, Helene Organizations: New, New York CNN, tornados, National Flood Insurance, Federal Emergency Management Agency, Homeowners, Hurricane, Insurance Information Institute, Florida Gulf, Citizens Property Insurance Corp Locations: New York, Hurricane Milton, Florida, United States, Sarasota, Tampa, CoreLogic, Hurricane, Florida Gulf Coast

☆ Considering getting flood insurance after Milton and Helene? Here’s what to expect
▼ + stars: | 2024-10-15 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

Still, “lack of flood insurance is the largest insurance coverage gap we see across the United States,” he said. Here’s what you’re likely to encounter if you’re shopping around for flood insurance policies. Flood insurance 101Homeowners with mortgages are almost always required to have home insurance by their lenders. Most flood insurance is offered through the federally backed National Flood Insurance Program, a part of the Federal Emergency Management Agency. The NFIP estimates that more than 40% of NFIP flood insurance claims come from outside high-risk flood zones.

Persons: Helene, Mark Friedlander, ”, Rebecca Blackwell, policyholders, Melissa Sue Gerrits, Friedlander, Andy Neal, Milton, Neal, Scott Hawkins, ” Hawkins Organizations: New, New York CNN, Insurance Information Institute, CNN, Flood Insurance, Federal Emergency Management Agency, AP, FEMA Locations: New York, North Carolina, United States, Gulf, Mexico, Hurricane Milton, Englewood , Florida, Swannanoa , North Carolina

☆ Florida residents weigh whether to leave after destructive storms
▼ + stars: | 2024-10-14 | by ( Samantha Delouya | ) edition.cnn.com time to read: +7 min

Then, in late September, Hurricane Helene flooded the rental home she now shares with her husband and 10-month-old baby. The storm made landfall as a Category 3 hurricane in the Siesta Key area of Florida, causing damage and flooding throughout Central Florida. According to Bankrate, the average annual homeowners insurance premium in Florida is $3,242 more than the national average. But traditional homeowners’ insurance doesn’t cover flood damage. Most of the water damage sustained from Helene would be covered by flood insurance, often provided by the National Flood Insurance Program, and backed by the government.

Persons: Idalia, Rachel Muse, Connealy, Hurricane Helene, ”, “, Hurricane Milton, Joe Raedle, Josh Hanoud, Hanoud, hasn’t, “ We’ve, what’s, “ I’m, Tina Villanueva, Villanueva, Helene, Milton, Bankrate, Hurricane Helene, Maria, Rebecca Blackwell, there’s, Chuck Nyce, Nyce, CoreLogic, G, Michael Harris ’, Harris, Michael Harris, ” Harris, “ I’ve, we’ve Organizations: CNN, Hurricane, Hurricane Milton, Florida State University, National Flood Insurance, Insurance Information Institute Locations: St . Petersburg , Florida, “, Hurricane Milton, Tampa, Florida, Hurricane, Punta Gorda , Florida, Central Florida, Zillow . Florida, Bradenton Beach, Maria Island , Florida, Belleair , Florida, Belleair

Bridgette Bello thought she’d taken proper precautions to protect against Florida’s notorious hurricanes, having purchased flood insurance as well as a separate hurricane-specific policy, in addition to her regular homeowners coverage. That’s because flooding caused much of the property damage — and most homeowners insurance policies do not cover any flood impact. A resident cleans the front of his mobile home in Sarasota, Fla., on Oct. 10 after Hurricane Milton. Eva Marie Uzcategui / The Washington Post - Getty ImThe insurance industry is categorizing Hurricane Helene as an almost entirely flood-driven event. The National Flood Insurance Program (NFIP), the government-backed plan covering 95% of flood insurance policyholders in America, only covers losses up to 50% of what it deems a property to be worth — not including the land that the property sits on.

Persons: Bridgette Bello, she’d, Helene, —, Milton, Bello, ”, “, Rick Tutwiler, Hurricane Milton, Eva Marie Uzcategui, Amy Bach, Mark Friedlander, Friedlander, adjusters, ” Friedlander, ” Patti Drew’s, Deborah, Drew, didn’t, “ I’m, Shane Ostrander, Ostrander, Kathleen Flynn, she’s, Martin Weiss, Weiss, Chip LaMarca Organizations: Associates, NBC, Hurricane, Washington Post, Insurance Information Institute, Federal Emergency Management Agency, FEMA, Flood Insurance, NBC News, “, Broward County Republican Locations: Madeira Beach, Tampa, Milton, Florida, Sarasota , Fla, “, Punta Gorda, Florida’s, Charlotte County, America, Fort Pierce, Fla, Orlando, Broward County

☆ Florida’s home insurer of last resort is in serious trouble. Will Milton put it over the edge?
▼ + stars: | 2024-10-11 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +13 min

Flood waters inundated a neighborhood after Hurricane Milton came ashore on October 10 in Punta Gorda, Florida. Andrew West/The News-Press/USA Today Network/Imagn Images A vehicle drives though a flooded street after Hurricane Milton in Siesta Key on Thursday. Rebecca Blackwell/AP The roof of Tropicana Field, destroyed by Hurricane Milton, is seen in St. Petersburg on Thursday. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday.

Persons: Hurricane Helene, Hurricane Milton, Ron DeSantis, Joe Raedle, Milton, Helene, ” Mark Friedlander, ”, ’, Hurricane Ian, Giorgio Viera, Rebecca Blackwell, Ricardo Arduengo, Liz Kelly, Matt, Andrew West, Chandan Khanna, Nadia Zomorodian, Julio Cortez, Austin, Sean Rayford, Marta Lavandier, Jefferee Woo, Cristobal Herrera, Bryan R, Smith, Chris Urso, Marco Bello, Brandon Marlow, Marie Cook, Bill Ingram, Reuters Stephen Lundgren, Doug Engle, Ron Rook, Paul Hennessy, Saul Martinez, Payton Wyse, Andrew Goncharsky, Christian Burke, Lee, Connor Ferran, Fort Myers, Nicolette Mariano, Kaila Jones, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Yamil Lage, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, Floridians ’, Denise Rappmund, Rappmund, Bobby Atwood, Atwood, won’t, isn’t Organizations: New, New York CNN, Property Insurance Corp, Citizens, Dade, “, Insurance Information Institute, CNN, DeSantis, Republican, CNBC, Hurricane, Getty, AP, USA, Daytona, Network, Reuters, Bradenton, Tropicana, Major League, Tampa Bay Rays, Celtic Ray Public, Tampa Bay Times, NOAA, Vanguard, School, Ocala, Orlando International Airport, Anadolu, Disney, Fort, Palm Beach Daily, Florida Army National Guard, Tampa General Hospital, NASA, International, Milton, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana, Moody’s Investors Service Locations: New York, Florida, Miami, Monroe, Hurricane, Punta Gorda , Florida, Central Florida, Lakewood Park , Florida, Siesta Key, North Fort Myers , Florida, Siesta, Volusia, South Daytona , Florida, Bradenton Beach, St . Petersburg, Punta Gorda, Odessa , Florida, Venice , Florida, Matlacha , Florida, Palmetto Beach, Tampa, Bradenton , Florida, Venice, St . Petersburg , Florida, Clearwater, AFP, Sarasota , Florida, Segundo, Davis, Fort Myers , Florida, Wellington , Florida, Palm, Ocala , Florida, County, Wellington, Orlando, Gulfport , Florida, Lee County, Fort Myers, Sebastian , Florida, Palm Beach , Florida, Palm Beach, Havana, Cuba, Celestún, Mexico, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, St, Pete Beach , Florida, Treasure, Fort Myers Beach, Progreso, New Port, Kissimmee , Florida, Milton

☆ Helene recovery could cost $34 billion. Here's who might pay for it.
▼ + stars: | 2024-10-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

An aerial picture taken on September 28, 2024, shows storm damage in the aftermath of Hurricane Helene in Valdosta, Georgia. The devastation wrought by Hurricane Helene across the southeastern United States could cost upwards of $34 billion, according to early estimates from Moody's Analytics. The Moody's report, released as Helene was making landfall last week, estimated that property damage could cost between $15 billion to $26 billion. And the resulting economic slowdown could cost $5 billion to $8 billion in productivity losses. Only about 6% of U.S. homeowners have flood insurance through either a private company or the congressionally funded National Flood Insurance Program, despite 90% of natural disasters involving flooding, he said.

Persons: Hurricane Helene, Helene, Mark Zandi, Zandi, Mark Friedlander, Friedlander, Joe Biden, Wiley Nickel, Florida Republican Sen, Rick Scott, Mark Amodei Organizations: Moody's, CNBC, Insurance, Flood Insurance, Federal Emergency Management Agency, FEMA, Disaster Relief Fund, Capitol, Florida Republican Locations: Hurricane, Valdosta , Georgia, United States, Florida , Georgia, North Carolina, South Carolina, Virginia, Tennessee, Appalachia, Washington

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

☆ 6 strategies to help mitigate rising car and home insurance costs
▼ + stars: | 2024-09-30 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +8 min

While overall inflation has slowed, insurance costs are taking a bigger bite out of many household budgets. Car insurance premiums have also shot up. Bankrate estimates that in September the average cost for full coverage car insurance is $2,348 a year. Extreme weather events, higher replacement and repair costs, and increased medical expenses after accidents have boosted car insurance rates, experts say. Car insurance discounts range from safe driver and good student discounts to taking a defensive driving course.

Persons: Mike Spiering, Francesca Spiering, Joe Raedle, Shannon Martin, that's, Afilalo, Mike Barrett, Tayfun, David Carothers, Loretta Worters, you've, Rod Griffin, They're, You've, Bankrate's Martin, Price Organizations: Bureau of Labor Statistics, Autoinsurance.com, Barrett Insurance Agency, Anadolu, Getty, Independent Insurance Agents, of America, Florida Risk Partners, Insurance, Federal Emergency Management Agency, University of Pennsylvania's Wharton Risk Center Locations: Hollywood , Florida, St, Johnsbury , Vermont, Fork, New Mexico, United States, Florida, Valrico , Florida, U.S

☆ Florida homeowners still face an insurance crisis in the wake of Hurricane Helene
▼ + stars: | 2024-09-27 | by ( Erin Snodgrass | Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Sky-high insurance premiums and extreme weather have already prompted some Floridians to move. But the storm calls into focus an already difficult part of living in Florida: home insurance. According to an analysis of US Census data by NBC News, around 18% of homeowners in Florida are without home insurance. AdvertisementThe amount of damage a storm causes typically affects insurance premiums. The Florida Office of Insurance Regulation estimated Hurricane Idalia — which made landfall in Florida as a Category 4 in 2023 — totaled more than $309.5 million in losses.

Persons: Helene, —, Floridians, John, Natalia, Hurricane Idalia, Mark Friedlander Organizations: Service, National Hurricane Center, NBC News, USA, California ., Sunshine State, Capital Economics, Business, Hurricanes, Dade, Insurance, Insurance Information Institute, Tampa Bay Times Locations: Florida, Florida , Georgia, South Carolina, North Carolina, California, California . Florida, Insurify, Dell Prairie , Wisconsin, Plantation , Florida, Fort Lauderdale, Florida's panhandle, Miami, Dade County, Broward County, Leon County, Tallahassee

☆ Hurricane Helene was less horrific than Floridians feared. But Sunshine State homeowners still face an insurance crisis.
▼ + stars: | 2024-09-27 | by ( Erin Snodgrass | Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Hurricane Helene made landfall in Florida Thursday, leaving less damage than initially feared. Sky-high insurance premiums and extreme weather have already prompted some Floridians to move. Multiple home insurance providers have left the state entirely, and longtime Floridians have started to get priced out of coastal towns. According to an analysis of US Census data by NBC News, around 18% of homeowners in Florida are without home insurance. AdvertisementThe amount of damage a storm causes typically affects insurance premiums.

One out of 4 of the 31,000 homeowners in the coastal parish live there without homeowners insurance — one of the highest percentages in the United States. Across the country, 13.4% of homeowners — about 1 in 8 — are unprotected by homeowners insurance, according to an NBC News analysis of new Census Bureau data. It’s a double-edged sword.”The Census Bureau data shows how many homeowners pay less than $100 — or nothing at all — for homeowners insurance. According to the Census Bureau survey, which was taken in 2023, 20.8% of homeowners without mortgages also lack meaningful homeowners insurance. Among mortgage-holders, 8.5% don’t have meaningful homeowners insurance — and while banks require owners with mortgages to have homeowners insurance, gaps in coverage do happen.

Persons: Hurricane Francine, “, ”, Shannon Martin, you’re, Martin, ” Martin, Mark Friedlander, ” Friedlander, There’s, Daryl Fairweather, Redfin’s, ” Fairweather Organizations: NBC, Bankrate, Insurance Information Institute, “ Insurance Locations: Louisiana’s Terrebonne Parish, United States

☆ Burned and uninsured: Wildfires are leaving California’s housing market in trouble
▼ + stars: | 2024-08-18 | by ( Shania Baweja | Taylor Galgano | ) edition.cnn.com time to read: +8 min

That’s made home insurance increasingly unaffordable or even inaccessible – and that’s leaving more people in the same position as the Daneaus. California’s largest insurer, State Farm, requested a 30% rate increase for its homeowner’s line last month. Last year, California Insurance Commissioner Ricardo Lara reached an agreement with insurers with an aim to cover approximately 85% of properties in high-risk areas. “[My insurance plan] wasn’t canceled but my insurance company increased the rates quite a bit,” she said. But he cautioned there’s no guarantee of that, leaving homeowners like the Daneaus grappling with uncertainty.

Persons: Los Angeles CNN —, Michael, Kristy Daneau’s, Kristy, Michael Daneau, Kristy Daneau, That’s, “ We’re, ” Michael, ”, aren’t, Justin Sullivan, California’s, it’s, ” Michael Daneau, Ricardo Lara, Kristy Daneau's, what’s, Steve Hawks, Woolsey, Angela Wilson, LAEPF, Wilson, Brent Woodworth, there’s, “ I’m, we’ve, CNN’s Camila Bernal, Sarah Moon Organizations: Los Angeles CNN, Gas & Electric, Insurance Information Institute, California Department of Insurance, Farm, State, CNN, FAIR, California FAIR, California, Golden State, The Insurance Institute for Business & Home Safety, Institute for Business & Home Safety, for Business & Home, Los, Emergency Preparedness Foundation Locations: Cohasset, California, Paradise , California, Santa Monica, Malibu

☆ Insurers deemed mold too risky decades ago. That coverage gap still surprises homeowners
▼ + stars: | 2024-08-11 | by ( Genna Contino | ) www.cnbc.com time to read: +11 min

Schmitt's example may be extreme, but mold damage is not unusual. In 2022, water damage, including mold, represented 27.6% of homeowners insurance losses, according to data from Insurance Services Office, an industry group. Despite the award for the owner of the mold-damaged home later being reduced to $4 million, companies still pulled back on mold coverage. "Mold claims won't be covered if it's a result of neglect, such as pipe leaking for months resulting in water damage and mold." "You should always read your insurance policy and understand what you have, but no one's going to do that," Kochenburger said.

Persons: Brandi Schmitt, Schmitt, Brandi Schmitt's, adjuster, USAA, Read, Kamala Harris, Harris, Joseph, Ms, Ballard, Amy Bach, United, Bach, Scott Shapiro, Will Melofchik, haven't, Melofchik, Scott Holeman, Holeman, Peter Kochenburger, Kochenburger, it's, Mold, Shapiro, Mark Friedlander Organizations: Maryland, CNBC, Finance, Here’s, Democratic, Insurance Services Office, . Farmers Insurance Group, KPMG, National Council of Insurance, Insurance Information Institute, Southern University Law Center, University of Connecticut's Insurance Law Center, Insurance, South Carolina Independent Agents, Nationwide, Allstate, Federal Trade Commission, Act, State Farm Locations: Lothian , Maryland, U.S, Maryland, Texas, San Francisco, South Carolina, Lindsey , Ohio

☆ Extreme weather is here to stay. How to financially prepare yourself for a disaster
▼ + stars: | 2024-08-11 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

New York CNN —No part of the United States is spared the risk of extreme weather events, which have been hitting harder in recent years. From wildfires and tornadoes to hurricanes and flooding to prolonged heat waves, the potential damage from extreme weather to people, animals and property is high. Make sure you have adequate insurance coverageHaving sufficient insurance is key to preserving your finances and sanity after a disaster. Keep a physical copy of your insurance coverage and the title and deed to your home in a waterproof or fireproof bag or other container. You might also add to your list a FEMA helpline number so you can register for assistance after a disaster: 800-621-3362.

Persons: ”, Loretta Worters, Josh Edelson, ” Worters, Keith Turi, Worters, Turi Organizations: New, New York CNN, Insurance, Institute, Federal Emergency Management Agency, FEMA Locations: New York, United States, Oroville , California, AFP

☆ 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

Basic Car Insurance CoverageLiability CoverageLiability car insurance is what most people are familiar with because most states require it. Optional Car Insurance CoverageMost lenders require comprehensive and collision coverage if you finance or lease your car. Get Car Insurance Quotes Compare affordable car insurance quotes online in minutes. How to Choose the Right Car Insurance CoverageConsider Your Needs and BudgetBefore buying car insurance, examine your needs and financial situation. Car Insurance Coverage FAQWhat does full coverage car insurance mean?

Persons: it's, It's, Asis Alani Asis, Forbes, She’s, Read Organizations: UM, Insurance, Business, AARP, CNN, Fortune, U.S . News, Finance, University of Hawaii Locations: U.S, Manoa

The state minimum car insurance is the minimum amount of car insurance you must carry in your state to legally drive a vehicle. Get Car Insurance Quotes Compare affordable car insurance quotes online in minutes. Top Providers for State Minimum Car InsuranceThese are the top providers for minimum car insurance based on our round-up on the best car insurance companies. Minimum Car Insurance FAQWhat happens if I don't have the state minimum car insurance? If you drive without the state minimum car insurance, you may face serious penalties such as fines, license suspension, and even vehicle impoundment.

Persons: you'll, Asis Alani Asis, Forbes, She’s, Read Organizations: UM, State, Insurance Information Institute, New, state's Department of Motor Vehicles, Florida Hawaii Kansas Kentucky Massachusetts, Florida Hawaii Kansas Kentucky Massachusetts Michigan Minnesota New Jersey New, Amica, Farm, Farmers Insurance, Liberty Mutual, Arizona, Illinois, Indiana, Iowa, Maryland, Montana, Nebraska, Hampshire, York, North Carolina, North Dakota, Oklahoma, Rhode, South Carolina, South Dakota, Tennessee, Virginia, Washington, West Virginia, Insurance, Providers Insurance, DMV, Business, AARP, CNN, Fortune, U.S . News, Finance, University of Hawaii Locations: Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, Jersey, Mexico, York, Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming, Florida Hawaii Kansas Kentucky, Florida Hawaii Kansas Kentucky Massachusetts Michigan Minnesota New Jersey, Florida Hawaii Kansas Kentucky Massachusetts Michigan Minnesota New Jersey New York North Dakota Pennsylvania Utah Kentucky , New Jersey, North Carolina, Alabama, Chevron, U.S, Manoa

51% of drivers do not trust their car insurance providers and car insurance costs continue to rise, up by 11.2% in 2023-2024. Get Car Insurance Quotes Compare affordable car insurance quotes online in minutes. How to shop for car insuranceIf you're in the market for car insurance, here's a step-by-step guide to finding the best and cheapest car insurance for you. Factors That Affect Car Insurance QuotesPersonal FactorsOne personal factor that affects your car insurance quotes is your age and gender. How to Compare Car Insurance Quotes FAQHow often should I compare car insurance quotes?

Persons: —, You'd, you've, You'll, you'll, Alani Asis Alani Asis, Forbes, She’s, Read Organizations: Get, Insurance Information Institute, Car Insurance, Liberty Mutual, Amica, Farm, Farmers Insurance, Liberty Mutual Teachers, Auto, Business, AARP, CNN, Fortune, U.S . News, Finance, University of Hawaii Locations: U.S, Manoa

Understanding Car Insurance ClaimsWhat is a Car Insurance Claim? Types of Car Insurance ClaimsCommon car insurance coverages you can file claims for include but aren't limited to:CollisionComprehensiveLiabilityPersonal injury protectionMedical paymentsUninsured/underinsured motoristRental car reimbursementRoadside assistanceGap insuranceWhether you can file a claim under a specific coverage depends on if it's included in your policy. How to File a Car Insurance ClaimStep to File a Car insurance ClaimTake a look at the process of filing a car insurance claim. When to File Car Insurance Claim FAQWhen should I file a car insurance claim? How long you have to file a car insurance claim varies by insurer.

Persons: it's, Falen Cox, Cox, Dan Ferrara, Ferrara Organizations: Insurance Information Institute, Insurance, CRM, Insurance Company, Car Insurance, Car, Chevron

☆ Nationwide says it’s dropping thousands of pet insurance policies due to inflation
▼ + stars: | 2024-06-17 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

Nationwide Pet, the country’s largest provider of pet insurance, says it is dropping about 100,000 policies between now and next summer to keep up with spiraling costs in vet care. The move comes as other types of insurance, from homeowners to vehicles, are increasingly becoming harder to obtain for many Americans. There was roughly a 10% to 12% increase in homeowners’ insurance costs last year in the United States, Mark Friedlander, spokesperson for the Insurance Information Institute, a nonprofit industry association, previously told CNN. The higher costs insurers face from higher replacement costs and re-insurance, the type of insurance used by insurers to limit their own risks, is getting passed down to consumers. Insurers in states like California and Florida have paused issuing policies altogether.

Persons: Fido, “, Price, It’s, Mark Friedlander Organizations: New, New York CNN, Nationwide, Insurance Information Institute, CNN Locations: New York, United States, California, Florida

☆ Hurricane season will bring 4 to 7 major storms, NOAA predicts. How to prevent catastrophic damage to your home
▼ + stars: | 2024-06-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +12 min

With scientists predicting yet another active year for storms, making your home hurricane resistant has become a more valuable precaution. "Already, we are seeing storms move across the country that can bring additional hazards like tornadoes, flooding and hail," he said. A separate forecast from hurricane researchers at Colorado State University predicts an "extremely active" hurricane season in 2024 due to record-warm tropical and eastern subtropical Atlantic sea surface temperatures. If installing new hurricane windows isn't in the budget, shutters are lower-cost options to protect windows and other openings, said Chapman-Henderson. Talk to your insurer about possible discounts Strengthening your home against disasters may help lower your insurance cost.

Persons: Irma, Warren Faidley, Alicia Silverstone, Erik A, Hooks, Phil Klotzbach, Klotzbach, Jeff Ostrowski, Leslie Chapman, Henderson, Jennifer Languell, Chapman, Kin, Melissa Cohn, William Raveis, Bankrate's Ostrowski, Ostrowski, Loretta Worters, Worters, Languell Organizations: Getty, Atmospheric Administration, NOAA, Finance, Federal Emergency Management Agency, Hurricanes, Colorado State University, Department of Atmospheric, Fluid Dynamics, Climate, Energy Solutions, Swiss, Massachusetts Institute of Technology, Federal Alliance, Safe, Safe Homes, Department of Energy, Trifecta, William Raveis Mortgage, Insurance, Institute, Homeowners Locations: Miami , Florida, U.S, windstorms, Florida, In Florida, Alabama, Louisiana, dsireusa.org

☆ Warren Buffett is worried about potential for 'huge losses' in booming, but still tiny insurance market
▼ + stars: | 2024-05-31 | by ( Kevin Williams | ) www.cnbc.com time to read: +11 min

Cyber insurance has become "a very fashionable product," Jain said at the annual meeting. Shokrai says categorizing how to attribute an event is the topic of much debate between insurance companies. "That is a big debate between insurance companies; it is an important distinction that needs clarity," Shokrai said. "I will tell you that most people want to be in anything that's fashionable when they write insurance. "Probably Warren Buffet would have called cybersecurity insurance an opportunity when he was younger," he said.

Persons: Buffett, Glombicki, Gerald Glombicki, Fitch, Berkshire Hathaway, Chubb, Jain, it's, Warren Buffett, Ajit Jain, Michael Chertoff —, Mark Friedlander, Friedlander, " Friedlander, Monica Shokrai, Warren Buffet, Shokrai, isn't, Josephine Wolff, Steve Griffin, they'll, They're, Charlie, Munger, Griffin, Warren Organizations: Industry, AIG, Berkshire Hathaway's, Berkshire, Homeland Security, Insurance, Google, The Fletcher School, Tufts University, L3 Networks Locations: Fitch Rating's, Berkshire, Omaha, California, . Berkshire

☆ Why Is Car Insurance So Expensive?
▼ + stars: | 2024-05-15 | by ( Emily Flitter | ) www.nytimes.com time to read: +1 min

If your car broke down two years ago, it probably became a bigger problem than you bargained for. A confluence of forces were to blame: The Covid pandemic disrupted supply chains, pushing used car prices to record highs and making spare parts hard to get; out-of-practice drivers emerging from lockdowns caused more severe wrecks; and technological advancements like motion sensors made even the simplest parts, like a fender or a rim, expensive to replace. Things have since improved for car owners — except when it comes to insurance bills. Car insurers are still raising prices steeply: The price of motor vehicle insurance rose more than 22 percent in the year through March, the fastest pace since the 1970s, according to the Bureau of Labor Statistics. According to calculations by the Insurance Information Institute, a trade group, the average 12-month premium for car insurance was $1,280 in 2023, the industry’s most recent figures.

Organizations: Bureau of Labor Statistics, Insurance Information Institute

Search resuls for: "Insurance Information Institute"

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