Rates
-
Rising severity, along with rebounding frequency, across personal lines is among the most acute challenges for the coming months. -
Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.
-
The Surplus Lines Stamping Office recorded a 36% jump in premiums over last year to set a new record as rates continue to increase.
-
Inside P&C’s News team runs you through the key highlights of the week
-
For the month, motor vehicle insurance costs rose 0.8%, compared to 0.7% in March.
-
Rate rises in the commercial lines market have decelerated in most insurance markets, but executives expect increases to remain above loss costs for some time.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
His comments come on the heels of Markel’s announcement last week that the co-CEO plans to retire by March 31, 2023.
-
The figure marks a slowdown from the last three quarters, when price increases registered at 3.7% in Q4, 7.3% in Q3 and 14.2% in Q2 2021.
-
Premium renewal rate change for major commercial lines of business moved up year-on-year, except workers’ compensation, which remained negative.
-
The broker said the war in Ukraine and loss cost inflation were adding pressure to an already challenging market.
-
The Floridian carrier must improve its financial strength rating ahead of its 1 July reinsurance renewal.
Most Recent
-
Allstate estimates April cat losses at $316mn
May 19, 2022 -
Lancashire Syndicates CEO Woolley to depart for AIG
May 19, 2022
