Job, wage, and business growth remain strong, while inflation has decreased. However, consumer sentiment is still negative due to rising prices like car insurance. [ more ]
Average car insurance cost in UK soars to record high
The average cost of car insurance in the UK has reached a record high of nearly £1,000, with premiums increasing by 58% in a year.
Premiums have risen by 19% in the most recent quarter alone, with the worst affected being those living in inner London, Manchester, Merseyside, and the West Midlands. [ more ]
Climate Disasters Prompt Another Home Insurance Company to Leave a State
The Hartford Financial Services Group will no longer offer new policies to homeowners in California due to the challenges of insuring in wildfire-prone areas.
Insurers in California are raising premiums and reducing coverage in areas at risk of climate-juiced wildfires. [ more ]