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Auto insurance premiums are skyrocketing. What’s to blame?
According to Insurify, Nevada has the second-highest auto insurance rates in the country. Rising auto insurance premiums are fueling high inflation and continuing to put financial pressure on millions of households across the country. Consumer prices rose 0.4% The Labor Department announced on Wednesday that the year-on-year increase in March was 3.5% compared to the […]
Gas, housing and car insurance costs soar, fueling inflation in March
March inflation rates showed gas, home and auto insurance to rise for another month (iStock) A stronger-than-expected rise in consumer prices in March pushed up inflation and gave the Federal Reserve more reason to delay cutting interest rates. On an annualized basis, prices rose 3.5% in March, higher than last month’s 3.2% rise and also […]
Bidenflation Hits Auto Repairs, Car Insurance, and Even Parking Prices
The price of car ownership continues to accelerate for American workers under President Joe Biden. Prices for auto repairs, auto insurance and parking have risen since 2023, according to March Consumer Price Index (CPI) data. released Wednesday: — Automotive maintenance and repair: 8.2% increase Up 1.7% since March 2023 / since February 2024 —Auto insurance: […]
Insurance companies use drones, manned planes and high-altitude balloons to spy on homes and deny coverage: report
Home insurance companies are increasingly using aerial photography from drones and high-altitude balloons as a tool to scrap properties deemed high-risk, the report said. Angry homeowners report losing coverage after being told they had damaged roof shingles, debris in their backyards, and undeclared items such as pools and trampolines. . The Wall Street Journal reported. […]
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FEMA Blindsides Hurricane-Battered Community, Strips Locals Of Insurance Discount
The Federal Emergency Management Agency (FEMA), which handles federal disaster responses, revoked a discount on flood insurance for a community in Florida without giving clear warning, according to E&E News. Around 125,000 property owners in Lee County, Florida, one of the most flood-prone counties in the country, had their 20 to 25% discount on flood […]
Biden nixes Trump's short-term so-called 'junk' health insurance rule – USA TODAY
The Biden administration plans to roll back short-term health insurance, the centerpiece of former President Donald Trump’s health care policy. Short-term health insurance plans offer limited benefits and lower monthly premiums, but they don’t cover pre-existing medical conditions. Under new rules finalized last week, the Biden administration will shorten the length of short-term health insurance […]