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Many Oregonians to Face Higher Health Insurance Costs in 2025 | Insurify

Health insurance is about to get more expensive for many individuals and small businesses in Oregon following regulators’ Sept. 5 approvals of new rate hikes. The 2025 increases will affect people who buy their own health insurance and small businesses employing 50 people or fewer. About 170,000 Oregonians will

Farmers Seeking 22% Home Insurance Rate Hike in Ohio | Insurify

Home insurance may be about to get more expensive in Ohio. Three Farmers subsidiaries — Farmers Insurance Exchange, Farmers Insurance of Columbus Inc., and Fire Insurance Exchange — submitted filings on June 18 to request home insurance rate revisions in the state. In a revision memo filed by Farmers Insurance Exchange, the

California Finalizes New Wildfire-Modeling Regulation to Mandate Coverage in High-Risk Areas | Insurify

If insurance companies want to use predictive formulas to justify wildfire insurance rate increases in California, they’ll have to write more policies in high-risk areas, under sweeping reform measures currently underway in the state. Commissioner Ricardo Lara aims to address the limitations of California’s Proposition 103, which

Rising Home Insurance Rates Hamper Customer Satisfaction and Drive Policy Shopping, Study Finds | Insurify

Surging home and renters insurance rates are eroding customer satisfaction and pushing policyholders to shop for new options, according to J.D. Power’s 2024 U.S. Home Insurance Study. Home and renters insurance costs have surpassed inflation, the study finds. Car insurance rates have increased as well, though less

15 States Facing an Imminent Insurance Crisis | Insurify

The insurance crisis is spreading as climate-related damage wreaks havoc across the U.S., driving up premiums in states that once had low-cost, widely available insurance. Americans have seen premiums climb to unsustainable heights, with a 20% increase in home insurance costs between 2021 and 2023 and a

Holiday Shopping Trends 2024: 84% of Americans Plan to Buy Online, But Porch Pirates and Payment Plans Could Hamper Gift Giving | Insurify

Americans are putting a price tag on the holiday spirit, a new Insurify survey of more than 1,000 consumers reveals. Despite economic worries, U.S. shoppers plan to spend an average of $528 on holiday presents. But nearly four out of 10 online shoppers have experienced package theft — meaning

US Hit With 20 Billion-Dollar Climate Disasters So Far in 2024 | Insurify

Sobering statistics show the U.S. has experienced 396 billion-dollar weather and climate disasters since 1980. Overall insured and uninsured losses from these events exceed $2.780 trillion. So far this year, the U.S. has sustained 20 weather events with losses of $1 billion or more. Hurricane season