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Your Clients & Their Budgets & Insurance — Lots of Rethinking Going On

Your Clients & Their Budgets & Insurance — Lots of Rethinking Going On

Nationwide did a survey late last year on Americans and family budgets. A high percentage are reassessing spending and their insurance budgets. 

  • 47% will be making fewer impulse purchases
  • 32% are buying used or secondhand goods rather than something new
  • 48% have canceled vacations
  • 46% are going to skip — or at least delay — an auto purchase 

We’re using our credit cards more now than in the past. 

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Fitch Rating 2026 Predictions

Fitch Rating 2026 Predictions 

Fitch Ratings has offered up some predictions for 2026. The ratings firm thinks premium growth will fall a bit with gains of just 3% to 4%. Fitch’s report also predicts a “normal” number of hurricanes hitting the U.S. in 2026. 

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A Huge Number of Homeowners are Underinsured

A Huge Number of Homeowners are Underinsured 

Two-thirds of homeowners in the U.S. are underinsured. They don’t think they are but reality says the are. This conclusion comes from a survey done by Insurance.com. 

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AM Best — Homeowners Insurance Outlook Stable

AM Best — Homeowners Insurance Outlook Stable

By Jonalyn Cueto, Insurance Business

AM Best’s latest market segment report, Market Segment Outlook: US Homeowners, has raised the outlook for homeowners insurers from negative to stable. The reasons range from moderate premium growth to improved catastrophe risk management practices to a better outlook in the property reinsurance market. 

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Insurance & Small Business

Insurance & Small Business

Hiscox did a study of small businesses and insurance. In the last two years — the insurer said — small business has reported an increase in revenues. Even with more business, a frightening 77% of those businesses continue to be underinsured. 

Here’s more: 

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