Category: Uncategorized

On March 26, a container ship collided with the Francis Scott Key Bridge over the Patapsco River in Baltimore. Eight construction workers were filing potholes on the bridge at the time of the crash. Out of the eight workers on duty, two survived the vessel’s crash, and only the bodies of the two survivors were… Read more »

The automotive sector is one of the biggest segments in the US But what about insurance? Here are some trends in car insurance and some plain facts to understand the segment better. Rise in premiums Car insurance premiums are rising. In 2024, the average car premium that a user pays will be around $1547/ year… Read more »

In 2023, the US auto insurance market was estimated to be worth $362.1 billion. Statista estimates that the number of registered cars in the United States in 2022 was close to 280 million. That’s a staggering number when you relate that to the population of the nation! According to a recent news report, there has… Read more »

About 30% of the entire population in the US lives in rental accommodation. Although the country has a large number of homeowners, the rental community in the US is also pretty big. This comes down to affordability in several ways, as it is cheaper to rent an apartment than to pay a down payment and… Read more »

Unfortunately, insurance fraud is common and has a long history. A 2022 report says that fraud in this space costs insurance companies (and consumers) about $308.6 billion. The FBI stated that approximately $6 billion was lost as a result of false insurance claims or procedures during Hurricane Katrina. Sadly, even though many frauds are now… Read more »

The small business community in the US is one of the largest in the world. There were 440,000 business applications submitted monthly between 2021 and 2023. One of the main reasons why small businesses survive in the US is the acceptance of products and services offered by local brands amongst Americans without bias. Of course,… Read more »

The real estate sector in the US has seen its ups and downs since 2010. However, despite challenging economic conditions, many new construction projects are rolling forward. Over $115 billion worth of construction was done in 2022. The industrial and office sectors have received approximately $142 billion and $109 billion in investments. Still, there are… Read more »

Statista reports that around 75% of the US population had access to their own cars by Q1, 2023. The automotive industry is a pillar of the US economy and cars play a central role in our lives. However, this is an industry in flux too. For instance, the electric vehicle segment is slowly revving up. … Read more »

Most small businesses are run by the owners, with no employees listed under the organization. Managing everything, right from product formulation to marketing, and then shipping to customer support, can be hard. Small businesses have many other liabilities apart from selling their products or services to consumers. These include risk management for their companies, insurance… Read more »

The silver generation is the working professionals over 50, often having a high disposable income. These individuals are usually still a part of the workforce or have independent sources of income. As these individuals get closer to complete retirement, it is important that they concentrate on selecting the best insurance policies, which can enable them… Read more »