State Farm isn’t done seeking a rate increase in California, upping its request a week after getting the OK for a large rate hike to what the company had originally wanted before being rejected and agreeing to an interim deal for an increase. The wildfire-bitten insurer recently got approval for a 17% rate increase following … Read more
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. The rate on a 30-year fixed refinance rose to 6.96% today, according to the Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.95%, and for 20-year mortgages, the average is … Read more
New Mexico Superintendent of Insurance Alice Kane increased maximum residential property insurance limits for policies from $350,000 to $750,000 through the New Mexico Fair Access to Insurance Requirements Plan. The move was adopted by the NM FAIR Plan Governing Committee. It clears the way for residential homeowners to secure insurance as they rebuild in areas … Read more
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. The current average mortgage rate on a 30-year fixed mortgage is 6.71%, according to the Mortgage Research Center. The average rate on a 15-year mortgage is 5.77%, while the average rate on a 30-year … Read more
Welcome to the February 2025 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month’s edition kicks off with the news that FP Alpha has released its tax return … Read more