California is killing another industry that families need
State Farm will no longer sell home-insurance policies in California. The decision follows a similar call by GEICO, which closed all sales centers in the state last year.
These two factors could be driving your car insurance costs up
Your safe driving record isn't the only thing your auto insurers are looking at when it comes to determining rate – they are also factoring in your credit score and where you live, a recent report said.
Your home may not be insurance ready for an active hurricane season, survey says
Homeowners worry about hurricanes more than almost any other extreme weather event, behind only earthquakes, but may not be adequately insured for the damages these storms do to homes, according to a National Association of Mutual Insurance Companies (NAMIC)survey.
State Farm ceasing new applications in California for property insurance, other policies
State Farm said it will no longer accept new applications for personal and business, and personal lines property coverage.
Major Massachusetts health insurer victim of ransomware attack, members information potentially compromised
Point32Health, one of the largest health insurers in Massachusetts, is the victim of a recent ransomware attack. The information of members may have been compromised in the attack.
Shopping for cheaper insurance hits a new high as Americans seek relief from rising rates: J.D. Power
The rate at which drivers were given new auto insurance quotes increased by 13.1% in the first quarter of 2023 – the highest rate since June 2021. And the switch rate increased by 4.1%, according to J.D. Power report.
Demand for used cars likely to grow as consumer seek affordability: Edmunds
Demand for more affordable cars is growing as high-interest rates and more expensive purchase prices are putting buying a new vehicle out of reach for many consumers, according to a recent Edmunds report.
Gas prices decrease amid market uncertainty: AAA
Average gas prices dipped to $3.53 per gallon for the week ending May 11, 2023, AAA reported. The low cost of oil has kept gas prices on the decline despite a rise in gas demand, AAA said.
Manchin joins 37 Republicans to oppose Biden rule on climate data collection for insurance industry
Democratic Sen. Joe Manchin joined Republicans to urge the Biden administration to cease pushing an "unrealistic environmental agenda" on the insurance industry.
Auto insurers plan further rate increases this year – Here's how you can get costs under control
Progressive and Allstate have already signaled that they plan to keep increasing their auto insurance rates this year.
Company offers cash for couch potato willing to binge-watch all 10 'Fast and the Furious' movies
Fans of the "Fast and the Furious" movie franchise can earn $1,000 from binge-watching the films and tracking all of the car accidents for the website FinanceBuzz.
Fed doubles down on the fight against inflation, raises rates another 25 basis points
The Federal Reserve announced another 25 basis point interest rate increase bringing the federal funds rate to a targeted range of 5% to 5.25%, the highest level in 15 years.
American homeowners worry most about these three things
Rising interest rates, insurance premiums and the growing risk of climate change are top challenges homeowners said they worry about, according to a recent Insurify report.
FDIC looks to change deposit insurance policy following First Republic Bank failure
The Federal Deposit Insurance Corporation (FDIC) released a report this week seeking reform of its deposit insurance system due to recent instability in multiple U.S. banks.
FDIC accepts JPMorgan Chase's bid to buy First Republic Bank
JPMorgan Chase Bank will assume all deposits of First Republic Bank, a San Francisco-based bank that has been struggling and widely viewed as the next to fail amid the banking crisis.
How to insure your jewelry and what you'll need for the process
Jewelry insurance can save owners thousands when items are inevitably lost or stolen. This form of insurance can help offer piece of mind for prized possessions.
Gas prices dip, offering consumers some relief at the pump: AAA
The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.
Knowing how insurance rates are calculated could save drivers money: survey
Roughly 80% of American drivers surveyed can't identify the factors used to determine car insurance rate, a survey by the Zebra said. This knowledge gap could be costing them on their auto insurance premiums.
Americans won't find relief at the pump this week as gas prices edge higher: AAA
The national average cost for a gallon of gas increased by less than five cents from last week to $3.68, reflecting a decrease in demand and a break in oil prices, AAA said.
Negative car equity is rising: Here's how you can avoid owing more than your car is worth
The average negative equity value of auto trade-ins was $5,341 in the fourth quarter of 2022, up 29% from the previous year, according to Edmunds.