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Florida home prices fall over surging insurance costs
The insurance crisis hitting the Sunshine State has caused a surge in excess inventory and sent home prices plummeting along Florida’s southwest coast. Real estate agents said rising home insurance prices are deterring would-be snowbirds from buying property in the popular corridor between Sarasota and Naples. Prospective buyers are spooked as insurance premiums have risen […]
Surging auto insurance costs are fueling higher inflation
Former Assistant Secretary of the Treasury Monica Crowley talks about the strain inflation is having on the middle and lower classes on “The Bottom Line.” Rising auto insurance premiums are fueling high inflation and continuing to put financial pressure on millions of households across the country. Consumer prices rose 0.3% Labor was up 3.1% in […]
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Virginia Dems advance bill through Senate to provide taxpayer-backed health insurance to illegal immigrants
Virginia Democrats have introduced a bill that would extend taxpayer-supported health insurance to undocumented immigrants. On Tuesday, the Democratic-controlled state Senate passed the “Cover All Children” bill on a party-line vote of 21-19. The law aims to provide undocumented immigrants under the age of 19 who are not enrolled in a group health plan or […]
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Virginia Dems push to expand state-funded health insurance to illegal immigrant children
Virginia Democrats are pushing for expanded state-funded health insurance for the children of illegal immigrants, with a critical committee vote scheduled for Thursday. The Senate bill, dubbed the “Cover All Kids” Act by its sponsors, would provide children of undocumented immigrants with access to a “state-funded comprehensive health insurance” program with eligibility requirements similar to […]
Social inflation causing insurance rates to jump, no end in sight for rising premiums in 2024
Insurance claims payments are becoming too high relative to insurance companies’ profits, causing social inflation. (iStock) Consumers are unlikely to see their premiums fall this year, but According to a report from Morgan Stanley. The past few years have been difficult for the insurance industry. Social inflation rose higher than traditional economic inflation. social inflation […]