In the insurance industry, a ‘soft market’ is generally described as a period of plentiful insurance capa...
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 / 5 days 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 / 22 days 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 / 23 days 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 / 26 days 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 / 1 month 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 / 1 month 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 / 2 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 / 2 months ago
Rate hikes accelerate in most lines in Q4: Ivans
Insurance rates for most major lines of commercial coverage increased at a faster pace in the fourth quarter, compared with the prior quarter, according to Ivans Insurance Services...
Insurance rates for most major lines of commercial coverage increased at a faster pace in the fourth quarter, compared with the prior quarter, according to Ivans Insurance Services...
Article / 2 months ago