As of 2025, the national average cost of auto insurance in the United States is approximately 1,700to1,700to2,000 per year for full coverage, and around 600to600to800 per year for minimum coverage. However, these figures can vary significantly depending on factors such as: State Regulations: Insurance costs vary by state due to local laws, risk factors, and cost of living. … Read more
Fire insurance is a type of property insurance that covers damage and losses caused by fire. It is designed to help homeowners, renters, and business owners recover financially after a fire incident. Here’s a comprehensive guide to understanding fire insurance: 1. What Does Fire Insurance Cover? Fire insurance typically covers: Damage to the Property: Repairs or … Read more
Tariffs imposed on Canada, Mexico, and China could indeed create pressure on U.S. insurers, particularly in the property and casualty (P&C) and reinsurance sectors. Here’s how: 1. Increased Costs for Insurers Higher Material Costs: Tariffs on goods imported from these countries, such as steel, aluminum, and electronics, can increase the cost of raw materials used … Read more
InsureTech Connect (ITC) is one of the largest insurtech conferences, bringing together innovators, investors, and industry leaders to discuss the future of insurance technology. While I cannot predict the exact themes of ITC 2025, I can extrapolate based on current trends and emerging technologies. Here are five potential themes that might dominate InsureTech Connect 2025: … Read more