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Life insurers boosted premiums, now they are paying refunds

Por: Fox Business Business March 03, 2023

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FOX Business’ Ashley Webster reports on the rising costs of home insurance for residents in southern states like Florida and Louisiana due to devastating storms. When interest rates fell to near zero after the financial crisis, boosted costs for longtime policyholders, seeking to improve results as their investment income fell. Now they are giving partial refunds to tens of thousands of these customers to settle a wave of lawsuits spurred by... + full article



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