The Economic Policy Institute has great facts and figures on the US minimum wage, currently $7.25, which has not been raised since 2009. Various states have raised minimum wages for their workers, and some are planning to further increase minimum wage in 2018.
We don’t suggest you move for an extra few dollars or cents, but when you’re looking to buy a home, every penny counts! Currently, Washington, D.C. boasts the highest minimum wage at $12.50, with Washington state and Massachusetts coming in tied at $11.00/hr.
In the District of Columbia, someone earning minimum wage would have to work for 30 years (that’s pre-tax) to afford the average cost of a [...]
The homeowners insurance industry has a rich history that is continuously evolving. From the time the first policy came about in the 1730s until now, the market has greatly changed, becoming increasingly detailed and more focused on data and risk mitigation.The Beginning of Homeowners Insurance
The initial homeowner insurance policies created were simple and protected against the most basic of elements: fire.
In the 1730s, the first fire insurance policy was underwritten in the United States. Twenty years later, Benjamin Franklin’s Philadelphia Contributionship was the first insurer to underwrite fire protection for its customers. The initial government [...]
As the last of Hurricane Harvey’s rains pelt an already waterlogged Houston and its surrounding communities, homeowners are no doubt taking the first steps in filing insurance claims on their damaged homes and property. Exactly how homeowners should navigate this claims process is information that’s more pertinent now than ever, so we’ve reached out to experts to find out five solid tips you should keep in mind as you begin the claims process.Your Insurance Agent Should Be Your First Call
Lisa Lindsay has been in the insurance industry for more than three decades and she’s the executive director of Private Risk Management Association, a collaborative [...]