#rate increases

Commercial insurance prices up 11% in Q1 – report

Global commercial insurance prices rose 11% in the first quarter, according to Marsh’s Global Insurance Market Index. This continues a trend in moderating rate increases that began in the first quarter of 2021. While this is the 18th consecutive quarter of increases, the rate of increase continued to moderate across most lines of business and in almost all regions, Marsh said. Pricing increases…

What percentage of auto insurance customers are shopping around? – Report

More than 90% of auto insurance customers who switch companies save money – but most policyholders are missing out by failing to shop around, according to a new study by insurance comparison site ValuePenguin. According to the study, 92% of auto insurance customers who switched companies during their most recent renewal period saved money. “This impact was limited, however, as 65% of…

Auto insurance shopping rate drops in Q3 – LexisNexis

“Insurance shopping in Q3 returned to levels that compare to 2019 and years prior rather than following the usual trends of 2020,” said Adam Pichon, vice president of personal lines insurance at LexisNexis Risk Solutions. “Prior quarters this year were fueled by consumers returning to normalcy, but that pattern was tempered by macroeconomic and carrier-driven factors that began impacting the…

Am I Too Dependent on Technology Companies?

They’re bleeding us dry. Rates go up without warning, “Promotions” drop off mid-way through a billing period and they claim they can’t do anything until the billing is over. I cry “Bullshit” on that one. I’ve jumped through hoops, and been thrown into voicemail hell too many times. If it means giving up my beloved Hallmark Channel, I’m willing to go…

Donald Trump Slams Federal Reserve Again Over Interest Rate Increases

President Donald Trump early on Monday again criticized the Federal Reserve for its current series of interest-rate increases, days before the U.S. central bank is expected to push up interest rates again.

“It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet…

Mississippi Power customers will see electricity rates go up about nine percent starting in September.

Today, the state public service commission approved general rate increases as well as specific increases tied to environmental compliance costs. The unit of Atlanta-based Southern Company will collect about $77 million more through the end of 2019 in a settlement meant to cover 2018 and 2019.

A…

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WASHINGTON | US long-term mortgage rates fall; 30-year at 4.57 percent

WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week, marking their third decline in the past four weeks after increasing last week.

Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages was 4.57 percent, down from 4.62 percent last week. By contrast, the 30-year rate averaged 3.90 percent a year ago.

Putting the recent decline in perspective, long-term loan rates have been running at their highest levels in seven years. The Federal Reserve last week raised its benchmark interest rate for the second time this year and signaled that it may step up its pace of rate increases.

The average rate on 15-year, fixed-rate loans eased to 4.04 percent from 4.07 percent last week.