The American commercial property market has always seen tremendous changes as well as growth. However, post-COVID commercial properties, especially corporate offices, have seen a marked and steady downward trajectory. The market for US commercial real estate was around $1.66 trillion in 2024 and it is expected to reach around $1.89 trillion by 2029. Let’s look… Read more »
Category: Uncategorized
Has underwriting become harder (and should people buy insurance care?)
The financial products industry has used underwriting since the eighteenth century. However, underwriting has become a lot harder in the contemporary age because of many uncertain factors like environmental changes, economic disruptions, and more. Over $21.2 billion worth of underwriting losses were faced by the property and casualty insurance sectors in the US. On the… Read more »
Cybersecurity and Data Privacy for Small Businesses in the US
Small businesses are at the receiving end of about 46% of all cyberattacks. Their protection is limited and sometimes non-existent, making them easy targets. The lack of technical skills and domain understanding among owners also contributes to this. What can small businesses do? Well, the right insurance and knowledge can help. Possible threats small businesses… Read more »
Read This Before Renting Out Your Home On Airbnb
It is estimated that around 150 million people use Airbnb worldwide and around 45 million of them are in the US. The short-term rental community is growing at a fast pace, especially after COVID when people were looking for safe and neat accommodation. The company’s revenue was around $8.4 billion in 2023. However, these rental… Read more »
What Happens When A Ship Hits A Bridge – An Insurance-Adjusted View
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 »
Top 10 Interesting Facts (And Figures) About Car Insurance In 2024
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 »
What To Look For While Buying Car Insurance
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 »
Understanding Renter’s Insurance – The What, Why, And How
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 »
A Long Hard Look At Insurance Fraud
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 »
Some Startling Statistics About Small Businesses In The USA
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 »