Insurance

Farmers Insurance revealed it will shed a large number of employees through layoffs. Roughly 2,4000 of its workers will see their jobs eliminated, the company said Monday.

A lack of auto repair pricing transparency could be one reason why Americans are paying up to 33% more to fix their cars since March 2020, a recent survey by Jerry said.

Subprime accounts made up a growing number of new accounts opened in the third quarter of 2022, according to a recent Scholaroo survey.

The most flood-prone U.S. counties saw 103% increase in population during the last two years, according to a study by Redfin. And housing affordability may be the culprit.

Car dealers are worried that a combination of rising interest rates, inflation, and the economy will continue to impact business negatively, a recent Cox Automotive survey said.

Florida saw the most significant increase in insurance premiums over the last 10 years, rising by 88% since 2013, according to a study by car subscription provider FINN.

The average price for a gallon of gas was unmoved over the past week, AAA reported. But an increase in oil prices could spike what consumers pay at the pump, even as they deal with record-high vehicle financing costs.

Mother-daughter real estate powerhouses Dolly and Jenny Lenz give a negative market outlook as homebuyers and sellers are "plagued" by "everything becoming so expensive."

Intense thunderstorms wreaked havoc on the U.S. in the first six months of the year, driving $34 billion worth of insured losses, according to a recent report from Swiss Re.

Intense storms are becoming more frequent in Florida due to climate change, but homebuyers are still flocking to the state, according to a recent Redfin report.

The percentage of drivers spending upward of $1,000 a month on payments jumped to an all-time high of 17.1% in the second quarter, and drivers are spending an average of $733 on car notes, a recent Edmunds report said.

The Centers for Disease Control and Prevention has recommended a new immunization to protect babies from respiratory syncytial virus, the leading cause of infant hospitalization.

The national average price of gas increased 11 cents per gallon for the week ending August 3, AAA reported. But Americans could soon see lower prices at the pump as summer draws to a close.

Major property insurance companies are reducing coverage in a number of states or leaving them altogether as losses mount, and consumers are seeing their coverage yanked.

A combination of more expensive monthly car payments and rising insurance costs pushed 35% of respondents to say that they are planning to give up on car ownership by the end of the decade, a recent Zipcar survey said.

Roughly 85% of Americans said they plan to travel this summer, an increase from the number who planned to travel in 2022, according to a recent vacationer survey.

Gasoline prices surged as oil prices heated up, and there's room for more increases, according to AAA.

U.S. businesses and consumers alike are trying to adapt as heat alerts and record-setting temperatures impact Americans from coast-to-coast, driving many indoors.

Auto-insurance satisfaction dropped to a 20-year low in 2022, J.D. Power reported as Americans grow dissatisfied at what they pay for car insurance. And a volatile interest rate environment as well as a potential recession may impact car insurance rates.

AAA says it will not be renewing "a very small percentage" of insurance policies in Florida, becoming the latest company to reduce its exposure in the hurricane-prone state.