According to Chubb CEO Evan G. Greenberg, the insurance industry's underwriting practices for a number of...
U.S. commercial insurance prices showed an aggregate increase above 6%
WTW’s 2023 Q4 Commercial Lines Insurance Pricing Survey again indicates moderate to significant upward price adjustments for multiple lines.
WTW’s 2023 Q4 Commercial Lines Insurance Pricing Survey again indicates moderate to significant upward price adjustments for multiple lines.
PR / 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
Texas adopts 11% average decrease for comp
The Texas Department of Insurance adopted the National Council on Compensation Insurance's advisory loss cost filing that proposes an average decrease of 11%, effective July 1....
The Texas Department of Insurance adopted the National Council on Compensation Insurance's advisory loss cost filing that proposes an average decrease of 11%, effective July 1....
Article / 2 months ago
Washington comp rate equation anomaly results in rate hikes
Nearly every state announced reduced rates for workers compensation insurance for 2024, while Washington told employers to expect a 4.9% rate hike....
Nearly every state announced reduced rates for workers compensation insurance for 2024, while Washington told employers to expect a 4.9% rate hike....
Article / 3 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 / 3 months ago
Insider US in Full: Q4 earnings preview: Could this be a kitchen sink quarter?
In our 2024 outlook, we discussed the likelihood of additional reserve development for AY 2015-2019 in the commercial lines segment...
In our 2024 outlook, we discussed the likelihood of additional reserve development for AY 2015-2019 in the commercial lines segment...
Article / 3 months ago
California Workers’ Comp Report Shows Written Premium Nearing Pre-Pandemic Levels
A new report from the Workers’ Compensation Insurance Rating Bureau of California shows written premium in 2022 was 14 percent above the previous year....
A new report from the Workers’ Compensation Insurance Rating Bureau of California shows written premium in 2022 was 14 percent above the previous year....
Article / 4 months ago
Insurance rates hikes likely to moderate in 2024: Alera
Commercial insurance buyers will likely see price increases for several lines of coverage next year, but with a stabilized reinsurance market and more capacity coming online, the hikes should be more...
Commercial insurance buyers will likely see price increases for several lines of coverage next year, but with a stabilized reinsurance market and more capacity coming online, the hikes should be more...
Article / 4 months ago
Insurance prices rise overall, but D&O rates fall: CIAB
Commercial insurance premiums rose 8.1% on average in the third quarter, with property rates continuing to surge, but directors and officers liability insurance premiums and workers...
Commercial insurance premiums rose 8.1% on average in the third quarter, with property rates continuing to surge, but directors and officers liability insurance premiums and workers...
Article / 5 months ago