Insurance industry News Farmers, State Farm and Allstate have pull back on insurance property in California and Florida because of the claims from fire and storm damage. #insurance #businessinsurance #homeinsurance

3M and earplugs 3M has agreed to pay 6 billion in damages to US soldiers who have had hear loss as a result of using the 3M earplugs. #businessinsurance #healthinsurance

Mortgage rates at 20 year high. The average contract interest rate for 30-year fixed-rate mortgages increased to 7.41%, from 7.31%. The rate was 6.52% one year ago. #businessinsurance #homeinsurance

2023 is a record year for the Port of Baltimore, MD ! The port handled over 11 million tons of cargo. The challenge is to find the truck drivers. #businessinsurance #truckinsurance

Federal student loan payments. 45 million borrowers face the end of the 3 year grace period and are restarting to repay the 1.6 million owed for college loans. #insurance #taxes #accounting

Are you home insurance premiums going up? On average USAA raised their premiums by 14.8% and Farmers Insurance raised its rates by 14.7. The cost of material and labor is the basis. #homeinsurance #businessinsurance

Federal Reserve report shows 1% of top earning households own over 26% of the net worth of all households. #insurance #investment #taxes

The IRS across 13 states is trying out the agency’s pilot electronic free file tax return system beginning in January. The agency estimates that hundreds of thousands of taxpayers will be offered to use the program for the 2024 filing season. #business #tax #insurance

American Airlines posted a third-quarter loss, and trimmed its profit forecast for the year. The carrier says it expects to earn between $2.25 and $2.50 a share, on an adjusted basis, for the year, down from an estimate in July.

Berkshire Hathaway company is laying off 2,000 associates, or about 6% of the workforce. Insurance companies in general are raising rate, limiting new clients, withdrawing from markets, and reducing personnel in reaction to loss ratios running unexpected high. #insurance

Fatalities among young drivers are down. One reason is State programs called graduated drivers license laws that restrict or ban certain activities, such as driving at night or with peers. #autoinsurance #insurance

6 tons of dimes from the MINT. The truck driver was bound for Miami. He pulled into a parking lot to sleep on April 13. During the night, thieves made off with a portion of its cargo of $750,000 in dimes, a shipment weighing about six tons. #insurance #businessinsurance

Roughly one of every eight trucks inspected for brake-related violations was placed out of service by commercial vehicle inspectors during Brake Safety Week in August. #truckinsurance #businessinsurance #insurance

Non-weather-related water damage is the second most common cause of homeowners’ insurance losses. #insurance #homeinsurance

FDA is warning consumers not to use 26 over-the-counter eye drop products mainly used to treat symptoms of dry eyes and provide relief against eye irritation. #insurance #healthinsurance

Tired or robo calls? Visit DoNotCall.gov or call 1-888-382-1222 to register you phone number to get off the robo call lists. #businessinsurance #insurance

The Sunday after Thanksgiving is the busiest travel day at U.S. airports, according to the Transportation Security Administration. #travelinsurance #insurance

Cell phone use ! 89% of Americans check there cell phone when first getting up in the morning within a 1/2 hour. Good news ! Cell phone use while driving has gone down from 2022. #autoinsurance #insurance

Roof repair 40% of home owners have put off roof repairs or replacement because of the financial cost. #homeinsurance #insurance

Top safe cars 2023 Small car Acura Integra Midsize Honda Accord Midsize luxury Lexus 350 Large Toyota Crown #autoinsurance #insurance