Category: Uncategorized

According to Statista, the burglary rate in America in 2018 was around 376 incidents per 100,000 people. There have been several reports that highlight and indicate that these numbers have sharply increased because of inflation, recession, and rising commodity prices. According to an FBI report, each larceny offense costs over a thousand dollars to the robbed individual…. Read more »

Chip shortages, supply chain dynamics, and political upheavals have all contributed to an increase in prices for a variety of goods; vehicles are no exception. According to a JP Morgan report, the average cost of a car for an American is over $45,000, with car prices rising by over 4.5% annually.  Chris Gonzalez, the CEO of… Read more »

Although inflation is a factor, some states have higher property insurance premiums than the national average and the current inflation rate. According to a Forbes article, Oklahoma, Louisiana, Mississippi, Texas, and Nebraska are the top five states with the highest property insurance rates. The maximum premium rate has risen to over $3,500, with some states experiencing… Read more »

As of 2022, over 76% of the US population had access to their own car. An additional 19% reported having access to a company or family car. Besides this, as with any other economy, the US also constitutes a massive industry of trucking firms and other vendors who engage in commercial automobile purchases. As per IBIS World,… Read more »

In the US’s major cities, auto theft increased by 21% between 2021 and 2022. While the number of auto thefts and carjackings has doubled in some cities, it has tripled in places like Memphis and Chicago. Not only this, but according to a report by the Council of Criminal Justice, overall robberies increased by more than 5%,… Read more »

A recent CNBC article on the high risk that cybercrimes pose to small businesses was eye-opening in many ways. According to it, cybercrime complaints against small businesses exhibited a 7% year-over-year increase, with overall losses compounding to $6.9 billion.  Another story describes how Kronos, a workforce management business, was the target of a ransomware attack that crippled its digital… Read more »

Seeing how workplaces had been changing, psychologist and professor Anthony Klotz coined the term “Great Resignation” in May 2021. People began leaving their jobs nationwide, which led to this potentially long-lasting phenomenon in the business world. This has had a significant impact on how businesses manage their human resources and achieve their goals. In 2022,… Read more »

Few people are familiar with or particularly attuned with insurance deductibles. The best way to define an insurance deductible is the sum of money that is deducted when a claim is made for any insurance policy — depending on the provider you select and the insurance for which you are filing a claim; this could… Read more »

In the United States alone, extreme weather conditions cost over $145 billion in 2021, killing nearly 700 people. The impact of weather on daily activities and general safety is quite severe, whether it be due to hurricanes, harsh winters, or floods. Every year, stories about how weather-related accidents have wreaked havoc, damaged properties, and taken lives… Read more »

According to a study, the global commercial insurance market will reach a market value of $1.22 trillion by 2028, growing at a CAGR of 8% during the forecast period. Government regulations and increasing theft and associated risks, etc., have made retail store insurance necessary for businesses. To tackle market competition and, at the same time, safeguard… Read more »