Insight: Coal miners forced to save for a rainy day by insurance snub

Coal producers are facing challenges in obtaining insurance coverage as insurers restrict their coverage for the coal industry, leading to higher costs and a move towards self-insurance, making it more difficult and costly to do business in the coal sector amid rising demand for fossil fuels.

reuters.com

Relevant topic timeline:

8/30/2023

Consumer advisory: Take action when home insurance is cancelled or costs surge

Homeowners are facing challenges with their insurance policies, as extreme weather events and natural disasters are causing insurers to go out of business or increase the cost of coverage, leading to the need for homeowners to quickly find alternative options to avoid force-placed insurance and ensure their homes are protected.

9/7/2023

Rising Auto Insurance Costs Are Screwing Drivers Across The Country

The rising costs of doing business in the auto insurance industry in the U.S. are leading to increasing premiums for drivers due to expensive repairs, rising disaster-related claims, and higher used car prices.

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