valuepenguin: 72% of Home Insurance Policyholders Saw Their Rates Increase in 2023, and 75% Expect Hikes in 2024
Regardless of whether they experienced rate hikes, policyholders blamed inflation (72%), rising home prices (51%) and climate change (25%) for insurance increases. Home insurance costs are climbing.
72% of Home Insurance Policyholders Saw Their Rates Increase in 2023, and 75% Expect Hikes in 2024
valuepenguin: Half of Home Insurance Policyholders Worry Their Homes Will Become Uninsurable
Two in 3 home insurance policyholders say their rates rose in 2024, according to the latest ValuePenguin survey of nearly 2,000 U.S. consumers. Rising rates aren’t the only concern, though, as 50% of ...
MSN: Policyholders and creditors of three insurance firms face six-month payout freeze
The Policyholders Compensation Fund (PCF) has declared a moratorium, freezing payouts to policyholders of three troubled insurers for six months following its appointment as statutory manager. The ...
Sun Sentinel: Progressive reveals how it plans to distribute nearly $1 billion in refunds to auto policyholders
Progressive’s auto insurance division recently announced that it will begin paying back about $950 million in excess profits taken in over the past three years from its policyholders in Florida. The ...
Progressive reveals how it plans to distribute nearly $1 billion in refunds to auto policyholders
Millions of former and current Blue Cross Blue Shield (BCBS) policyholders are finally set to receive payouts from a $2.67 billion antitrust class-action settlement, with checks expected to begin ...
Mainebiz: Workers’ comp insurer MEMIC Group will pay out dividend of $18.7M to policyholders
The MEMIC Group announced Wednesday that its board approved a $18.7 million annual dividend distribution to as many as 17,000 eligible policyholders. The policyholders receive workers’ compensation ...
Workers’ comp insurer MEMIC Group will pay out dividend of $18.7M to policyholders