Rates across RLI’s hurricane book rose 25% in Q3: COO Klobnak
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Rates across RLI’s hurricane book rose 25% in Q3: COO Klobnak

Jairo Ibarra
October 20, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
RLI logo with Klobnak 2022 hurricane.jpg

Specialty insurer RLI recorded rate increases of 25% across its hurricane-exposed portfolio during the third quarter, while the carrier’s overall property unit booked an 8% positive rate change, COO Jennifer Klobnak told analysts.

“Since January 1, 2019, the cumulative rate increases [across] our hurricane book is 110%, and new business pricing is higher than renewal,” the executive said.

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News RLI Earnings
jairo ibarra/jairo ibarra ii us.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article