Tag: commercial insurance premiums

Florida Home Insurance Premiums on the Rise Again

G. Turner
Florida Home Insurance

Why Florida’s Insurance Rates Are Climbing Faster Than Ever Home insurance premiums in Florida are climbing higher, sparking fresh concerns among homeowners and consumer advocates. While stabilized rates in early 2024 offered respite, recent data from the third quarter show an uptick in costs, reversing the trend of slowing increases. Understanding the factors behind these changes is vital for homeowners and industry leaders alike, as new dynamics including inflation, reinsurance prices, and storm recovery efforts take center stage. Rising Insurance Premiums in Florida An analysis of data from Florida’s Office…

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Price of commercial insurance remains level for another month

Julie Campbell
commercial auto insurance business

For the fourth straight month, the prices have kept themselves relatively static, said a new report. According to a recent report that was issued for June by MarketScout, the commercial insurance rates haven’t moved very much at all over the last four months, with only one exception. In June, the business interruption line of insurance did see its rates slide downward when compared to May. That said, the decrease that the commercial insurance rates saw in the business interruption line was only by an average of one percent, so it…

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