rate hikes News
Commercial Insurance Price Hikes Climb 22% in Q4: Marsh
Global commercial insurance prices increased 22% in the fourth quarter of 2020, according to the Global Insurance Market Index released by insurance broker Marsh. The increase, the largest since the ...
Jan 1. Renewals Produced Super-Sharp Commercial Insurance Rate Hikes
Lower investment yields, adverse catastrophe loss development, higher loss cost trends, concerns over climate change, and, of course, the pandemic coalesced to bring some of the sharpest price ...
Moderation Possible After U.S. Commercial Insurance Rates Climb Again in Q3
For the second quarter in a row, U.S. commercial lines insurers enjoyed average rate hikes that neared 10 percent, according to Willis Towers Watson's Commercial Lines Insurance Pricing Survey for ...
Excluding Workers Comp, U.S. Commercial Insurance Saw Rapid Q1 Rate Hikes
U.S. commercial insurance prices climbed more than 6 percent in aggregate during the 2020 first quarter compared to the year, Willis Towers Watson's pricing survey for the sector. Price increases ...
Most Commercial Insurance Rates Climbed Higher in April
Year over year, all lines of property/casualty insurance business experienced an increase in average premium renewal rate, except workers compensation, which saw a premium decrease, according to the ...
North America Commercial Coverage Will See Extended Hardening Into 2021
Buyers of North America commercial insurance should see an extended hardening market as well as added pressure on coverage terms and conditions for the rest of 2020 and into 2021, Willis Towers ...
North American Commercial Insurance 2020 Rate Hikes Likely; Overall Market Hardening Unlikely
Rate increases are likely for North American commercial insurance buyers in 2020, but the trend won't likely lead to an overall hardening market, according to reports from Willis Towers Watson and ...
Aviation Industry Braces for Substantial Premium Hikes Due to 737 MAX Grounding
The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding ...