Average of £1.13 million paid out every hour in motor claims last year....
Capacity inflows sustain state of flux in commercial auto despite headwinds
However, capacity build has slowed over the past year, sources say....
However, capacity build has slowed over the past year, sources say....
Article / 8 days ago
What Industry Executives Are Saying About Loss Reserves and Social Inflation
At carriers and reinsurers that announced reserve loss charges taken during fourth-quarter 2023, and even at some that did not, executives discussed the...
At carriers and reinsurers that announced reserve loss charges taken during fourth-quarter 2023, and even at some that did not, executives discussed the...
Article / 1 month ago
Rate filings continue to climb, led by State Farm in personal auto
Personal lines rate filings are rising, even as some inflation drivers slow. The personal lines space has been seeing a lot of noise between Covid, inflationary pressures, and increasing...
Personal lines rate filings are rising, even as some inflation drivers slow. The personal lines space has been seeing a lot of noise between Covid, inflationary pressures, and increasing...
Article / 2 months ago
Insurance rate hikes accelerate in February
Commercial policyholders paid more for most major lines of coverage last month as premium renewal rates accelerated compared with January, according to a report Tuesday from Ivans...
Commercial policyholders paid more for most major lines of coverage last month as premium renewal rates accelerated compared with January, according to a report Tuesday from Ivans...
Article / 2 months ago
Commercial insurance price hikes ease
Commercial insurance policyholders paid an average premium increase of 7% in the fourth quarter of 2023, down from 8.1% in the prior quarter, according to the Council of Insurance...
Commercial insurance policyholders paid an average premium increase of 7% in the fourth quarter of 2023, down from 8.1% in the prior quarter, according to the Council of Insurance...
Article / 2 months ago
US casualty insurance costs rising for multinationals
Multinational companies with US casualty exposures face higher insurance costs, as insurers and reinsurers react to persistently high loss ratios and social inflation...
Multinational companies with US casualty exposures face higher insurance costs, as insurers and reinsurers react to persistently high loss ratios and social inflation...
Article / 2 months ago
Why car insurance rates are so high - Vox
You’re paying a lot more for car insurance than you were in 2020. Here’s why...
You’re paying a lot more for car insurance than you were in 2020. Here’s why...
vox.com /
Article / 2 months ago
Motor insurance pricing cycle ‘close to a point of softening'
Insurance industry experts speak exclusively to Insurance Times about navigating big pressures in the motor market and what can be expected in 2024...
Insurance industry experts speak exclusively to Insurance Times about navigating big pressures in the motor market and what can be expected in 2024...
Article / 2 months ago
Motor Insurance Premiums Continue to Rise as Insurers Battle Costs
Figures released today show the average price paid for motor insurance has continued to rise. Costs are up 12% on the previous quarter (Q4 vs Q3 2023), driven...
Figures released today show the average price paid for motor insurance has continued to rise. Costs are up 12% on the previous quarter (Q4 vs Q3 2023), driven...
PR / 3 months ago
Q4 earnings analysis: Caution prevails in US liability insurance
The drivers are not surprising, but the extent of development is, execs said....
The drivers are not surprising, but the extent of development is, execs said....
Article / 3 months ago