According to the latest data from the Consumer Price Index (CPI), auto insurance inflation reached 16.3% year-over-year in September 2024, down from a peak of 22.6% in April.
Author: Maria Valdez Haubrich
USG Announces Hire of Tiffany Francis in Alpine, CA
USG Insurance Services, Inc., a prominent national wholesaler and MGA, is pleased to announce the addition of Tiffany Francis, Associate Producer/Broker to their Garage division team.
USDA Orders Recall of Nearly 12 Million Pounds of Meat and Poultry Over Listeria Contamination Risk
The U.S. Department of Agriculture (USDA) has announced a significant recall involving 11.8 million pounds of ready-to-eat meat and poultry products from BrucePac due to possible listeria contamination.
Chatham Insurance Services Launches New Excess of Loss Program
Chatham Insurance Services (Chatham), a DOXA company, today announces new excess of loss coverage designed to help ease the financial volatility caused by catastrophic claims.
USQRisk Taps Industry Veteran Sam Kramer as CEO Of Desq, Its Incubator/Accelerator Platform
USQRisk, the international managing general agent specializing in alternative risk transfer and unique risk solutions, has named Sam Kramer to serve as CEO of its incubator/accelerator platform, Desq.
Six Community Projects Enhancing Disaster Resilience
As extreme weather events become more frequent and severe, communities across the United States are stepping up their disaster preparedness efforts. From flood mitigation to infrastructure upgrades, these initiatives are focused on building resilience and reducing the impact of natural disasters.
Florida’s Real Estate Boom in High-Risk Flood Zones Puts Insurers, Lenders on Collision Course
As Florida recovers from the devastation of hurricanes Helene and Milton, new construction continues in flood-prone areas. Developments like La Linda Estates, built on a barrier island near where Milton made landfall, reflect a concerning trend.
Montana’s Wildfire Investment Pays Off Amid Rising Insurance Concerns
Montana’s investment in wildfire preparedness and advanced detection technology is reducing fire damage, but rising insurance costs and the need for fire-resistant building policies pose ongoing challenges for homeowners in high-risk areas.
Small Business Disaster Loan Program Halts as Funding Dries Up
In the aftermath of Hurricanes Helene and Milton, the Small Business Administration’s (SBA) disaster loan program has run out of money, leaving thousands of small businesses, homeowners, and renters without crucial financial relief.
Texas Rejects Coastal Insurance Rate Hike
In a significant decision impacting Gulf Coast property owners, Texas’ top insurance official has blocked a proposed 10% rate increase for homeowners and business owners in the region, arguing it would create undue financial hardship.