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Commercial insurance for vehicles owned or operated by businesses functions quite similarly to private auto insurance, except that personal use of the vehicle is not covered. Commercial insurance pricing is also usually higher than private insurance, due to the expanded types of coverage offered for commercial users. [2]
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NAMIC member companies account for 50% of the automobile/homeowners market share and 31 percent of the business insurance market share. More than 200,000 people are employed by NAMIC member companies. The association was incorporated in 1920 in Indianapolis, Indiana, where its national headquarters is still located.
Insurance in the United States refers to the market for risk in the United States, the world's largest insurance market by premium volume. [1] According to Swiss Re, of the $6.782 trillion of global direct premiums written worldwide in 2022, $2.959 trillion (43.6%) were written in the United States. [1]
Across the United States, the cost of car insurance is up 19% compared to a year ago, according to August’s Consumer Price Index report released on Wednesday. That’s the biggest annual ...
The Insurance Research Council (IRC) recently released a report on auto insurance affordability in Louisiana. Unfortunately, the findings are not new. As has been the case for years, Louisiana is ...
You could lower your car insurance payment each month by following just one of these seven money-saving tips. Source: Flcikr/401(k) 2013. The New Year is a great time to consider ways to save ...
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