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Americans still love buying trucks, even as gas prices rise - Insurify

Americans are still buying trucks even as gas prices rise Some trace the American obsession with pickup trucks back to the horse and buggy. It's a natural evolution of our instinctual first stab at transportation. Others chalk it up to our largesse—America's insatiable desire for

New Report: SUVs, Toyotas are 2023’s bestselling cars in America | Insurify

The average U.S. driver spends 61.3 minutes daily, or 15.5 days a year, behind the wheel, according to the AAA Foundation for Traffic Safety.1 In a nation where driving is a necessity for most, Americans need vehicles that fit their daily needs and lifestyles. Fittingly, U.

High Premiums Keep Florida Homeowners Stuck with State’s Insurer of Last Resort | Insurify

Florida homeowners who can’t find coverage from standard insurers turn to Citizens Property Insurance Corp. for affordable home insurance. Florida’s state-created home insurer of last resort currently covers more than 1.4 million properties — making it the largest home insurer in the state by far. Citizens, however,

These insurance companies control the biggest chunks of the market

No single company holds more than 10% of the property and casualty insurance market in the U.S. Insurify examined data from the National Association of Insurance Commissioners to rank the top 11 U.S. insurance companies by their share of the market, in terms of their share of the

Slide Insurance to Pick Up 86K Farmers Home Insurance Policies in Florida | Insurify

Slide Insurance, a 2-year-old insurtech startup based in Tampa, announced it has acquired renewal rights for 86,000 Florida homeowners and condo owners policies from Farmers. Farmers customers whose home insurance policies are set to renew in February 2024 will receive a non-renewal notice from Farmers 120

NEXT Insurance Set to Raise $100M+ in Late VC Funding Round | Insurify

NEXT Insurance is raising at least $100 million — and as much as $250 million — in its latest round of funding, the industry news publication The Insurer recently reported. The Palo Alto-based insurtech company last raised $250 million in a March 2021 Series E round. NEXT Insurance has raised $881

Despite recent rate hikes, California car insurance is 25% cheaper than national average | Insurify

California has the 15th-lowest auto insurance rates in the U.S., but drivers have seen significant premium hikes in 2023. After a more than two-year freeze on rate hikes due to the COVID-19 pandemic, the California Department of Insurance (CDI) approved increases for six of the state’