OPEN’s finance expert Mike Periu Hurricane Sandy Will Raise Your Insurance Premiums.
Since 2007, homeowners’ insurance premiums have risen 22 percent with the average premium now exceeding $1,000 for the first time. This trend will likely be exacerbated if Hurricane Sandy leads to billions of dollars in covered losses for insurance companies. Unlike the Gulf Coast, many homeowners in Sandy’s path are insured by private companies that are under greater pressure to raise premiums as a way to compensate for claims payouts and low investment returns. In most cases, however, a premium increase can’t take place until your policy is up for renewal, at which point you can adjust your deductible or change your coverage to offset an increase.
Who is Mike Periu?
Mike Periu is the President of Proximo, LLC, a company that markets education and training programs to small business owners, entrepreneurs and consumers.
Mike Periu has been interviewed over 500 times for broadcasters including CNN, NBC TVE, RTE and others. Mike is a contributing author to OpenForum, Yahoo! Finanzas and the Huffington Post.
Mike graduated from Georgetown University in Washington, DC. His degrees are in Finance and International Business. In addition to his work Mike is also on the Board of the Council for Economic Education.
Learn more about Mike Periu
Mike works with small businesses to teach them about finance and management. He started Proximo, LLC, a company that offers small business education and training services focused on finance and technology.
Periu also writes for OpenForum, Yahoo! Finanzas the Huffington Post contributor.
Mike went to Georgetown University where he studied Finance and International Business. He also serves on the Board of the Council for Economic Education and was a Fellow at the Kauffman Foundation.
