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Thomas J. Kavanagh, CFP®, CPWA®️

P&C premium increases

U.S. Property & Casualty Trends: Common Questions on Rising Homeowner and Auto Premiums

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Recently, Tom Kavanagh, a financial advisor at Wealthspire Advisors, sat down with Christina Kjaeroe and Heather Vinson, Personal Insurance Advisors at NFP, to discuss the recent rise in P&C premiums for homeowners and auto users. Tom asked Christina and Heather to address some of the most common questions he’s received lately from clients on how to address these increases. Q1. Why are premiums so high these days? There are a few factors that go into this, but generally it is the frequency of claims and the severity of these claims that are driving rates up. Every year we experience record-breaking…
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