inflation

U.S. SENATE PANEL DIVIDED OVER CLIMATE AS CAUSE OF RISING INSURANCE PREMIUMS

 
Photo: Ford's Flooded Home during January 22, 2024 flooding in San Diego, East County Magazine file photo
 
June 10, 2024 (Washington, D.C.) — The U.S. Senate Budget Committee debated the cause of the insurance crisis plaguing homeowners around the country at a Wednesday hearing, with Democrats identifying climate change as the ultimate driving force of rising premiums and Republicans pointing to high government spending and inflation.
 
Homeowners insurance premiums have skyrocketed in recent years, following billions in damages, which has led many insurance companies to drop coverage. An uptick in extreme weather events has been a factor in rising costs.

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WILL POWER REPORT: HYPER-INFLATION?


Nothing but the Truth!

February 12, 2011 (San Diego) --For years the Fed has been keeping interest rates near zero, trying to prop up spending and keep the economy from failing completely. It really has not worked. Jobs are disappearing, the gap between rich and poor is growing, and inflation show signs of growing rapidly.


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