Posts Tagged ‘Business Creation’

Arkansas Could Lead Way to Recovery

November 12th, 2022

Economists are positive that Arkansas is showing signs that its economy remains strong and could actually recover from the recession more swiftly than the other states,Guest Posting despite still having a substantial unemployment rate.

Sales tax collections in Arkansas grew by 7.2 percent compared to the nationwide growth in the country’s retail trade this year. This shows that although the state could not possibly escape the effects of the financial and economic downturn, its economy is relatively stronger to sustain the brunt of the recession.

In fact, Arkansas had posted a consistent increase in its sales tax collections for straight quarters, the recent being 0.9 percent for the third quarter. This could be a sign that Arkansas is recovering much faster than any other state in the country.

Sales activity is an important indicator of a market economy.
Homeowners in Arkansas are also relatively safer from foreclosures since property prices have remained stable. The state also ranks third in the nation for having the lowest number of foreclosures in subprime lending and has lower foreclosure incidents in other loan categories as well.

Arkansas Homeowners Insurance

April 1st, 2022

Arkansas homeowners insurance is critical to protecting your largest investment. If your home is severely damaged or destroyed, how would you deal with that financial loss without insurance? Not only do you need protection, but you need quality protection. By taking a few moments to read through articles such as this one, you can learn how to be a smart shopper and get a good deal on the right coverage.

Arkansas Homeowners Insurance Statistics

There are some vital statistics that will help you better understand homeowners insurance in Arkansas. First of all, a major factor affecting insurance for homes is the prevalence of natural disasters in Arkansas. On a consistent basis, the state is among the leaders in the number of tornadoes per year-usually in the top 3. Arkansas also ranks 4thin the nation in the frequency of flooding and also has to deal with the remnants of Gulf Coast hurricanes. Also, the southern end of the state is susceptible to earthquakes due to the fact that it sits on one of the largest seismic faults in the nation.

Because of these high risks of specific natural disasters, policies that guard against flooding, wind/hail and earthquakes may need to be purchased in addition to a standard insurance policy for your home.

Cost of Arkansas Homeowners Insurance

The average cost of homeowners insurance in Arkansas for 2010 was $985. This is nearly $300 above the national average. The lower cost of living in most of Arkansas helps to keep rates from getting out of control, however the high risk of natural disasters increases the cost of coverage throughout most of the state. Fortunately, you can still save money securing your home as much as possible, reducing other risk factors and shopping around for the best deal.

Arkansas Homeowners Insurance Companies

One great thing for you as a consumer is that there are plenty of options when it comes to Arkansas insurance companies. The more options, the more competition: the more competition the better your chances of getting a top quality policy at an affordable price.

While not an exhaustive list, here are a few of the most prominent companies in Arkansas.

Buffalo Insurance Inc.
Childress Insurance Agency
Herndon Insurance Agency
Insurance Mart
Smith & Company
Shopping for Arkansas Homeowners Insurance

While shopping for insurance for your home, you are not on your own. There are plenty of resources to help you find the right policy from the right company and possibly save some money as well. As you shop, take advantage of these resources.

Arkansas Insurance Department
Local Arkansas Better Business Bureau
JD Power & Associates
Standard & Poor’s