Insurance News

Posts Tagged ‘drop

Commercial property/casualty insurance rates dropped an average of 6.4% during the second quarter this year, according to the Council of Insurance Agents & Brokers? ?Commercial P/C Market Index Survey? released Monday.
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Large accounts, which the survey defines as generating more than $100,000 annually in fees and commissions, experienced the steepest decline at 8.9%, while small accounts generating less than $25,000 in Read the rest of this entry »

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Michigan voters could decide whether to reduce automobile, home and business insurance premiums by 20 percent if a proposal qualifies for the 2010 statewide ballot.

The form of a legislative initiative submitted by a group called Fair Affordable Insurance Rates was approved Monday by the Board of State Canvassers. Supporters still must collect more than 304,000 valid voter signatures and clear other procedural hurdles to put the measure Read the rest of this entry »

Commercial property/casualty insurance rates declined an average of 6% in June compared with those of a year earlier, MarketScout said Tuesday.

The declines hit all lines of coverage, all industry classes and all sizes of accounts, with the largest accounts enjoying the greatest declines, according to the Dallas-based electronic insurance exchange.

?June renewals show rate declines that continue to moderate, with many insurers Read the rest of this entry »

Commercial property/casualty insurance rates declined an average of 6% in June compared with those of a year earlier, MarketScout said Tuesday.

The declines hit all lines of coverage, all industry classes and all sizes of accounts, with the largest accounts enjoying the greatest declines, according to the Dallas-based electronic insurance exchange.

“June renewals show rate declines that continue to moderate, with many insurers Read the rest of this entry »

General liability insurance should see a small increase in premium rates by next year as profits start declining, according to a study by Hartford, Conn.-based Conning Research and Consulting.

The firm said the GL commercial line, that involves about $58 billion in direct premiums written, has been profitable with industry-wide combined ratios below 100 for the past two years, but warned this positive underwriting performance is unlikely Read the rest of this entry »

General liability insurance should see a small increase in premium rates by next year as profits start declining, according to a study by Hartford, Conn.-based Conning Research and Consulting.

The firm said the GL commercial line, that involves about $58 billion in direct premiums written, has been profitable with industry-wide combined ratios below 100 for the past two years, but warned this positive underwriting performance is unlikely Read the rest of this entry »

General liability insurance should see a small increase in premium rates by next year as profits start declining, according to a study by Hartford, Conn.-based Conning Research and Consulting.

The firm said the GL commercial line, that involves about $58 billion in direct premiums written, has been profitable with industry-wide combined ratios below 100 for the past two years, but warned this positive underwriting performance is unlikely Read the rest of this entry »