Underwriting & Pricing
U.S. Commercial Lines Prices Up About 6% Again: WTW CLIPS
Broker WTW said commercial lines insurance rates increased overall by an average of 6.1 percent during the third quarter 2024. Quarterly price increases have been around 6 percent since the end of ...
Why Homeowners Insurers Are Losing Money: Roofs Matter, Not Just Rates
Rate hikes haven't been enough to bring profits to U.S. homeowners insurers, according to a new analysis from Aon, which finds that returns-on-equity for a group of homeowners insurers studied are ...
Allstate Approved to Raise Home Insurance Rates by 34% in Wildfire-Prone California
Allstate Corp. is set to increase home insurance rates for California customers by an average of 34.1 percent, marking the biggest jump in premiums for a major insurer in three years as the state ...
Predictive Model Delivers Insights as Insurers, Reinsurers Brace for More Civil Unrest
Insured losses from civil unrest can reach levels equal to some natural catastrophes—and the costs are growing every year. Of particular concern this year is the unprecedented "super-cycle" of ...
Bad Cops No More: Friendlier Auto Insurers Needed for Telematics Future
Radical changes in marketing and product design of auto insurance policies will help unlock customer benefits of sharing driving data, a well-known insurance telematics evangelist advised during a ...
A View Into the Future of Car Insurance: When Driver Scores Replace Credit Scores
Offering a view into the future of auto insurance, the leader of a mobility data and analytics firm said during a recent interview that he foresees a time when drivers will know their driving scores ...
Where Commercial Lines Renewal Rate Changes Landed: July Index
Year over year, commercial auto, business owners, general liability, commercial property and umbrella experienced increasing average premium renewal rates, according to the latest monthly Ivans Index ...
Who’s Raising Homeowners Rates? S&P GMI’s Q2 2024 Analysis
According to an analysis of rate filings "disposed" by state regulators— approved or allowed by regulation—in second-quarter 2024, Liberty Mutual had the highest number of rate hikes approved in ...