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Why Are Insurance Prices Rising in 2025?

1. Inflation and Rising Repair Costs Inflation has impacted various sectors, including insurance. The cost of building materials, auto parts, and labor has surged, leading to higher expenses for insurers when processing claims. For instance, tariffs on imported construction materials…

The Evolution of Home Insurance

Ancient Beginnings The concept of insuring homes can be traced back to ancient civilizations. In the great city of Babylon, around 1750 BC, the Code of Hammurabi included provisions for the repayment of loans used to build or repair homes…

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