Uninsured motorists pose a significant risk on the roadways, with recent auto insurance statistics revealing that over 15.4 percent of drivers nationwide lack coverage.This alarming figure highlights the growing concern of underinsured drivers, who also contribute to the complexities of auto insurance claims.
Black professionals in insurance represent a vital and growing segment of the industry, yet their presence in leadership roles remains a significant concern.As of 2024, Black individuals constitute 14.7 percent of the insurance workforce, reflecting a gradual increase over the past decade.
Georgia insurance affordability is a growing concern as rising claim frequency and increasing insurer costs threaten the financial well-being of its residents.According to a recent issue brief by the Insurance Information Institute, the state’s below-average income juxtaposed with above-average insurance expenditures has led to Georgia ranking 42nd for affordable homeowners insurance and a staggering 47th for personal auto affordability.
Whole life insurance is a compelling financial product that offers a unique blend of security and growth potential for policyholders.Unlike other insurance types, whole life insurance not only provides a death benefit but also accumulates cash value over time, making it an essential component of effective retirement planning strategies.
Parametric insurance is emerging as a groundbreaking solution for communities grappling with the increasing frequency of natural disasters, particularly in the realm of flood insurance.Unlike traditional indemnity policies that require damage assessment post-event, parametric insurance offers rapid payouts based on predetermined conditions, such as rainfall levels or wind speeds.
Life insurance during pregnancy is an essential consideration for expectant parents looking to secure their family’s financial future.As pregnancy is a transformative life event, it often prompts individuals to evaluate their insurance options for pregnant women to ensure adequate protection.
Financial literacy for kids is a crucial skill that empowers young individuals to navigate the complex world of money management.As parents, it is essential to instill the importance of financial education for children from an early age, ensuring they develop healthy financial habits that will serve them well into adulthood.
In today’s digital age, personal cyber insurance has emerged as a crucial safeguard against the rising tide of cybersecurity threats.With alarming statistics highlighting a surge in identity theft and elder fraud, particularly among those over 60, this insurance provides essential online fraud protection.
Flood insurance broken pipes can leave homeowners feeling vulnerable and confused about their coverage.While flood insurance is designed to protect against rising water from natural disasters, many people wonder if it also addresses issues stemming from broken pipes.
