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...Home insurance is becoming increasingly unaffordable in areas such as California and Australia, as global warming has made storms, floods and wildfires more frequent and severe....
...Lemonade, whose shares have fallen more than 70 per cent since its first day of trading in New York in 2020, provides a range of insurance including for homes, pets and cars to customers in the US and Europe...
...A couple of months ago, my insurance company decided to raise the price of the yearly insurance premiums on our Brooklyn home by 51 per cent over three years, after more than doubling the estimated cost...
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...The car, home and business insurer, whose results often set the tone for the insurance earnings season, managed an improved combined ratio — claims and expenses as a proportion of premiums — of 85.8 per...
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...The costs of core insurance products, such as home and motor insurance, have come under increased scrutiny amid a cost-of-living squeeze on UK households....
...A string of big home insurers have halted new business in California, for example, in response to a surge in extreme weather losses....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...The work-from-home trend made for a listless atmosphere at its City headquarters. Now numbers are back to nearly four-fifths of pre-pandemic levels, Tuesdays and Thursdays....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...But development in the US’s most densely populated state is heavily concentrated near shores and rivers, putting homes and businesses at risk. That risk is not being factored in to insurance premiums....
...In response, the consultancy expects home insurance prices to rise by 36 per cent over the two-year period....
...Simon Kuper’s article “My career race is in the home stretch. Here’s what I know” (Spectrum, April 20) hit home in a way few pieces have....
...Rising premiums have lifted the fortunes of insurance brokers, who take home a proportion of the premium as commission....
...One trial is still due to go ahead in Fife, Scotland, supplying about 300 homes in its first phase....
...But public car insurance would be even harder to design than flood-zone home insurance: how would any government limit the number it covered?...
...The company declined to comment....
...Your Big Read on the home insurance affordability crisis (February 14) adds to an ever-growing body of evidence about the effects of climate change and the case for swifter, deeper action....
...While DSM Paris shares the same DNA as its other stores, the new location provides a home for fashion’s most independent creative thinkers....
...The steep rise in the cost of home insurance in the US and elsewhere can be traced, in part, to a move two years ago by P&C reinsurers to increase the price of cover against natural catastrophes and toughen...
...Insurance companies have pushed up the costs of protecting homes, cars and valued possessions from loss and damage....
...Also in the group is Manuel Sánchez Rodriguez, a former top executive at Spanish bank BBVA and a board member, since 2018, of the US government-backed mortgage insurance company Fannie Mae....
...It is possible that expensive, at-home exercise equipment was a lockdown fad while cars were a necessity. But equity and credit investors failed to perceive this difference three years ago....
...This means that if they face an unexpected medical expense, a sudden home repair or a rapid increase in property taxes and insurance, they have no safety net....
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