U.S. commercial insurance carriers again earned price increases in the 2018 fourth quarter, but the growth was slight. Premiums during the quarter grew just under two percent on average compared to the same period in 2017, according to Willis Towers …
Commercial insurance prices in the U.S. increased by more than two percent in the third quarter of 2018, according to the Willis Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies written during the …
The trend of increasing commercial insurance premiums that began in the fourth quarter of 2017 continued last quarter. Average premiums across all sized accounts increased by 1.5 percent in Q2, according to The Council of Insurance Agents & Brokers’ latest …
The second quarter showed a general uptick in premium renewal rate change across the commercial insurance lines of business compared to the first quarter 2018. The upward movement was seen in commercial auto, general liability, commercial property and umbrella, according …
Renewal premiums for a majority of standard commercial lines products continued to trend up in May, according to the latest IVANS Index. The exceptions were commercial auto and umbrella, which still rose in May but not as much as in …
Last month, major commercial lines insurance renewal premiums continued their upward trend except for workers’ compensation, which remains in negative territory for the year, according to the latest IVANS Index. Month over month, April’s increased were down from previous periods …
Despite higher catastrophe losses, Chubb Limited reported a solid first quarter with net income of $1,082 million, about the same as the $1,093 million it achieved for the same quarter last year. Core operating income was $1,097 million, compared with …
Commercial property insurance rate increases are easing off initial spikes following 2017’s record natural catastrophe losses, but commercial insurance buyers still face upward pricing pressure on many lines of business for the remainder of 2018. That’s according to Willis Towers …
