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September 8-11
Congressional Caucus - Washington, D.C.
September 8-12
Expand Expos 2024 - Hershey, PA
September 10-11
Hike the Hill - Washington, D.C.
September 11-12
AKUVO Conference - Grapevine, TX
September 15-17
NLCUP Conference - San Antonio, TX
September 16-19
CF Summit + CFO Forum - Greenville, SC
September 24-26
LEAD 24 - Brainerd, MN
September 29-October 2
ACUMA Annual Conference - Las Vegas NV
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At the recent Lending Solutions Consulting, Inc.'s Collections Institute, our CEO, Taylor MacCurdy, delivered an insightful session on Collateral Protection Insurance. The presentation focused on exploring strategies to protect lenders' loan portfolios, including assessing whether their current CPI programs provide adequate coverage and identifying additional coverages that may be necessary.
The session was met with positive feedback, sparking engaging discussions and leaving participants with practical, actionable ideas to enhance their current insurance practices. Be on the lookout for our next event, where we will continue to explore these important topics and more!
| Why Car Insurance is Still so Expensive Even as Car Prices are Dropping | |
Car prices, including new, used, and rental vehicles, are dropping, but auto insurance rates remain high. This discrepancy is surprising since cheaper cars usually suggest lower insurance premiums. However, rising accident rates and more severe claims have kept insurance costs elevated. Last year alone saw nearly 41,000 fatalities from car crashes, significantly driving up claims and premiums.
Over the past year, car insurance rates have increased by 18.6%, though this is down from March's peak of 22.2%. As car prices and repair costs stabilize, some insurers are beginning to reconsider their pricing, offering hope for potential relief in insurance rates soon.
Read Full Article
cnn.com
| Rising Insurance Costs Threaten the Future of Affordable Housing, Developers Warn | |
Rising property insurance costs are putting nonprofit affordable housing developers at risk, particularly in states like Florida, Texas, and California. These organizations, which can't raise rents or pass costs onto low-income residents, are struggling to cope with skyrocketing premiums driven by more frequent natural disasters and increased costs.
The crisis threatens to halt affordable housing development, worsening the existing housing shortage and potentially leading to increased homelessness. Developers and housing advocates are seeking solutions, including support from HUD and changes to construction practices, but finding effective measures has proven challenging.
Read Full Article
insurancebusinessmag.com
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What Others Are Saying About ISI | |
"I am writing to wholeheartedly recommend ISI, with whom I have had the pleasure of doing business with for 2 years. As a valued partner of Archer Credit Union, ISI has consistently demonstrated exceptional service, support, and user-friendly solutions that have made our interactions seamless and efficient.
I have been impressed by ISI's commitment to excellence, their responsive team, and the ease of use of their products/services. Their dedication to meeting our needs has been outstanding, and I have witnessed firsthand the positive impact they have had on our business operations.
I am thrilled to endorse ISI and highly recommend them to anyone seeking a reliable and customer-centric insurance company."
Sarah Campa, VP Consumer and Mortgage Lending
Archer Credit Union
See what other Raving Fans are saying about ISI!
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US Auto Insurers' Strong Performance to Continue Through 2025
U.S. personal auto insurers are expected to see improved profitability through the end of 2024 and into 2025, driven by significant price increases and a moderation in claims severity. However, this could lead to price stagnation as profitability returns, with potential resistance from policyholders and regulators. Insurers lagging in recovery may struggle with pricing actions and retaining customers in a more competitive market. Notably, major insurers like Progressive and GEICO reported substantial improvements in their combined ratios, indicating better financial performance, as auto loss severity trends began to ease.
Read Full Article
insurancejournal.com
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Homeowners are Rushing to Refinance Their Mortgages After Rates Finally Dropped
The 30-year fixed-rate mortgage averaged 6.49% this week, prompting a 17% surge in mortgage applications, driven largely by a 35% increase in refinancing. Despite this, housing remains unaffordable for many, with high prices and limited inventory. Although mortgage rates are expected to drop further if the Federal Reserve cuts interest rates, the housing market continues to face challenges, including high costs and a shortage of available homes. The Fed's upcoming decisions on rates will influence mortgage rates, but it's uncertain if they will fall below 6%.
Read Full Article
cnn.com
| September Holidays, Fun Facts, and Folklore! | |
In September (Harvest Month), we experience the transition from summer to fall and begin preparing for the winter. See what the month of September holds with various holidays, recipes, and more!
Everything you need to know about September
almanac.com
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