Tag: insurance

US Rolls out First Update to Flood Insurance Pricing in 50 Years

April 3, 2021
economyFEMAfloodinsurancePolicypricingUSUS News
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NEW YORK—Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under new rules released on Thursday by the Federal Emergency Management Agency (FEMA), the first major update to its pricing system in half a century. The agency said that, over the coming year, it will…

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When Does Insurance Make Sense?

January 27, 2021
AdviceBusinessemergency fundinsurancerisk
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Dear Readers: The question posed in the headline is a great one because insurance can be one of the most confusing areas of finance. Now is a very good time to be asking this question, given the extreme challenges we faced in 2020—from the pandemic to hurricanes to wildfires. To me, the lesson from these…

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86,000 Homes in Northern Australia Uninsured as Premiums Sky-Rocketed, ACCC Report Says

January 14, 2021
ACCCAustraliainsuranceInternationalnatural disasterpremiumsWorld
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Northern Australians are dropping insurance as sky-high premiums cripple community life, according to a report by the Australian Competition & Consumer Commission (ACCC). The final report from the ACCC’s three-year Northern Australia Insurance Inquiry shows that 20 per cent of homes (around 86,000 properties) in north Australia are uninsured, almost double the rate in other…

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86,000 Homes in Northern Australia Uninsured as Premiums Sky-Rocket

January 14, 2021
ACCCAustraliainsuranceInternationalnatural disasterpremiumsWorld
0 Comment

Northern Australians are dropping insurance as sky-high premiums cripple community life, according to a report by the Australian Competition & Consumer Commission (ACCC). The final report from the ACCC’s three-year Northern Australia Insurance Inquiry shows that 20 per cent of homes (around 86,000 properties) in north Australia are uninsured, almost double the rate in other…

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