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The all-items CPI increased 2.4% over the last 12 months.
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The looming collapse of the city’s biggest livery insurer may not be cause for national concern.
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Interest in these vehicles has increased recently, but market softening could throw a curve ball at growth.
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D&O direct written premiums fell 8% YoY as of June 30, and direct earned premiums declined 16%.
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While Republicans are typically perceived as best for business, there are several factors at play.
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In Q2, median property price increases decelerated to 2.3%.
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The all-items CPI increased 2.5% over the last 12 months.
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Commercial auto and excess umbrella continue to face upward pressure.
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Expansion of the middle-market book is an ongoing focus.
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Rate increases on primary liability placements range from 10% to 20%.
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The rate change will be implemented in November.
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The report flagged “opportunistic underwriting” by many of the major markets.