The U.S. Census Bureau just released its report ‘The Geographic Concentration of High-Income Households: 2007-2011’ with the Bridgeport-Stamford-Norwalk, Connecticut region having the highest concentration. The census report finds that 17.9% of households in the area have incomes in the top five percent nationwide which is above $191,469 per year.
San Jose-Sunnyvale-Santa Clara, California came in second with 15.9%
Washington-Arlington-Alexandra, DC-VA-MD-WV came in third with 14.1%.
On a state-by-state basis, Connecticut has the third highest concentration of the ultra-wealthy at 9.5 percent, behind Washington, D.C. at 11.4 percent and New Jersey at 9.8 percent. Continue reading
In September 2012 both Consumer Report and J.D.Power came out with their separate annual homeowner insurance reports and ratings.
According to the national survey the greater the damages the more likely the homeowner received less than expected with almost 10% overall of the survey were in disagreement with the claim payment but when damages were over $25,000, 19% were in disagreement.
Both reports and ratings have Amica Insurance with the best reviews and with Erie Insurance and State Farm above industry standards. Both reports also have MetLife, Travelers, Farmers and Allstate below industry standards. To see how the customer satisfaction index was determined please visit each article. Continue reading