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Florida property insurers are jacking up rates by double-digit percentages, blaming the hikes on lingering damage from past hurricanes, a wave of litigation, and a law that encourages lawyers to sue ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said. After falling ...
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