Manufacturers Hit by Soaring Property Insurance Costs. ... Insurance coverage for all types of businesses–it isn’t broken out for manufacturing alone–has risen by around 12 percent since ...

James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it ...

While U.S. steel and iron companies will likely benefit, the manufacturers did not plan for the costs, so many will take financial hit.

Florida: The hardest hit in dollars. Florida homeowners already pay the highest premiums in the country. In 2024, the average policy cost $9,462 annually, nearly 30% more than in 2021.The state is ...

James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin to at least double when it's up for renewal this fall. He’s been told it could triple.

US manufacturers hit by soaring property insurance costs 1 / 3 FILE PHOTO: A worker at Bremen Castings, preparing to pour molten iron on the edge of the foundry's production line in Bremen ...

Overall, commercial rates for all types of business insurance rose in the second quarter of 2024, increasing about 10% in some regions, said Loretta Worters, of the Insurance Information Institute.

JAMES Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it’s ...

James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it ...

James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it's ...

US manufacturers hit by soaring property insurance costs. By Timothy Aeppel (Reuters) - James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in ...