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Tuesday 6 June 2023

The Daily Money: Eggs are getting cheaper

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In today's Daily Money, egg prices are falling, and another California insurance company says no to insuring new customers due to wildfires

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Jun 6 2023

 

Amritpal Kaur Sandhu-Longoria  Investigative Reporter, Consumer Watchdog

@AmritpalKSL

This is Amritpal Kaur Sandhu-Longoria with your Daily Money headlines. Happy Tuesday.

Cheap-cheap-cheap-cheap!

Yes, you heard it. Eggs are getting cheaper. The Bureau of Labor Statistics reported that the average price of a dozen large Grade A eggs dropped by 32% between January and April, as last year's avian flu begin to weaken.

Experts say there are now more hens and eggs on the market, and that, combined with a drop in demand, sent prices on a downward trend. Shoppers should see some price relief in the coming weeks.

That is pretty egg-cellent.

Another California insurance company no longer offering home insurance

Allstate Insurance Company has joined State Farm in moving to no longer insure new California customers because of wildfire risks and rising construction costs.

While Allstate will continue coverage for existing customers, a spokesperson said the costs of insuring a new home customer is far higher than what Allstate would pay for policies due to wildfires, and high price of home repairs and reinsurance premiums.

In 2022, there were more than 7,490 fires in the state that burned through more 362,455 acres.

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If you want it for free, you will need to be a Taco Bell Rewards member and come in before 11 a.m. your local time or pay about $3.59.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

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