News Formal

Disaster insurance: Insurance companies hike rates after extreme storms

  • 📰 KVUE
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Officials say it could take weeks before power is restored to parts of the Texas coast that was hardest hit by Hurricane Beryl.

NEW YORK — Destructive storms like Hurricane Beryl that knocked out power to 3 million homes and businesses in Texas are growing more frequent and intense, and insurers are jacking up rates in response.

Effective rates for homeowner insurance surged by double digits for most insurance companies in 2023, according to S&P Global. Progressive's rates rose 10.4% in 2023, compared with just a 2.9% rise in 2022. Allstate's rates jumped 10.2%, up from 4.3% in 2022. “If this grim forecast comes to fruition, it will likely buoy pricing for many lines of property-casualty insurance and reinsurance, providing certain underwriters' shares with a catalyst,” according to a research report from CFRA.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 244. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Disaster insurance: Insurance companies hike rates after extreme stormsOfficials say it could take weeks before power is restored to parts of the Texas coast that was hardest hit by Hurricane Beryl.
ソース: KENS5 - 🏆 608. / 51 続きを読む »

Disaster insurance: Insurance companies hike rates after extreme stormsOfficials say it could take weeks before power is restored to parts of the Texas coast that was hardest hit by Hurricane Beryl.
ソース: 12News - 🏆 586. / 51 続きを読む »

Florida’s state-created property insurance company voted to raise homeowners insurance rates by 14%Citizen's Property Insurance wants close to the maximum rate increase for Florida residents starting next year.
ソース: FoxBusiness - 🏆 458. / 53 続きを読む »