-
Excess/umbrella liability and commercial auto broke the trend with high price increases, however. -
Commercial auto was the exception, ticking up slightly from January.
-
Workers' comp continued to offset GL adverse development, but the bucket is running dry.
-
GL and commercial auto rates accelerate at year-end as social inflation worsens.
-
Insureds, however, are often reinvesting savings into purchasing increased limit.
-
Cyber premiums dropped 1.8%, while commercial auto was up 8.9%.
-
January CPI/PPI heats up but won’t translate to higher loss costs.
-
The insurance commissioner said the carrier has not shown the need for price increases.
-
The event now includes a casualty portion and has officially been re-branded as the Property and Casualty Symposium.
-
Guy Carp CEO Dean Klisura said LA wildfires could slow rate reductions at 1 April.
-
Changes in cat activity and social inflation have impacted carriers focused on the mid- and small commercial market.
-
The impact of the devastating California wildfires is too early to ascertain, executives said during earnings calls.
