In 2022, the most recent year for which data is available, US households spent an average of $1,127 per vehicle on auto insurance, representing 1.51% of the median household income of $74,580. This marked a slight increase from the previous year. State-by-state variations were significant, with North Dakota having the lowest expenditure share at 0.93%, while Louisiana had the highest at 2.67%.
The dispute began after 18 former Scouts filed suit in 2012 against BSA and its Chicago-area council, alleging sexual abuse by Scout leader Thomas Hacker between 1980 and 1988. National Surety, which had issued excess liability insurance policies to BSA, filed a seven-count complaint in Illinois seeking a declaration that it had no obligation to…
Profitability and pricing Implications | Insurance Business America Featured Content Profitability and pricing Implications The California Surplus Lines Market Index highlights the sector’s resilience and adaptability, even amid economic and environmental challenges. These trends serve as both a gauge of market health and a strategic tool for shaping policy offerings, pricing and risk management. Please…
The senator argued that a moratorium would bring all stakeholders to the table to develop a model for addressing LTC insurance issues, which extend beyond Connecticut. The industry has faced significant challenges due to underwriting miscalculations in the 1990s and 2000s, rising medical costs, an aging population, and longer lifespans, according to state and federal…
“Danny’s extensive experience in strategic benefits consulting, carrier relationships, and market analysis makes him a valuable asset to our team,” said Kevin Overbey, president of Alliant Employee Benefits. “His ability to develop tailored solutions that align with business goals while maximizing employee value will help our clients optimize the value of their programs.” Source link
This announcement follows a series of recent ALKEME acquisitions amid significant economic developments in early 2025. On April 2, President Donald Trump announced sweeping tariffs on imports, leading to a global stock market downturn. The Dow Jones Industrial Average experienced a historic 4,000-point drop over two days, marking the largest decline since the 2020 pandemic-induced…
