University of Portland School of Business Professor, Dr. Brian Adams
Source: WalletHub (Featuring Dr. Adams)
Why have car insurance premiums been increasing over the past years?
Insurance firms are financial institutions similar to banks. They “borrow” money through policy premiums that they payout in the future as loss claims. They are interest rate sensitive, like banks and credit unions. Additionally, there has been an increase in pay since the pandemic, which increases costs for businesses….READ MORE >>