Personal Lines Rates End 2019 with Increase
Fourth-quarter 2019 results are in and personal insurance buyers were assessed an average of 3.5% more in 2019 compared to 2018.
Industry Trends
Motorists and BrickStreet Launch Encova Brand
Encova Mutual Insurance Group—the new brand of Motorists and BrickStreet—launched last month. IA talked with Encova CEO Dave Kaufman to learn more about what the carrier’s expanded product lines mean for agents and customers.
Third-Party Property Damage: ACV or Replacement Cost?
A driver crashes his vehicle into an insured’s home. The driver’s auto insurer informs the homeowner and their agent that they will pay the claim for the damage to the home on an actual cash value basis, then advises the homeowner to submit the claim to t
InVEST® Competition Tackles the Insurance Age Gap
The College Agency Management Competition featured eight teams of insurance and risk management studies students from eight U.S. colleges and universities.
P-C Rates Find Balance in 2019
Reflecting little change from the fourth quarter of 2018, first-quarter 2019 composite rates for commercial and personal lines were both up +2% compared to first-quarter 2018, according to the latest quarterly MarketScout pricing survey.
J.D. Power: Carriers Come Up Short for Independent Agents
The more satisfied independent agents are with a carrier, the more business they will write with that carrier. But according to the J.D. Power 2019 U.S. Independent Insurance Agent Satisfaction Study℠, carriers are leaving a lot of money on the table.
P-C Market Closes Out 2018 with Slight Rate Increases
Reflecting little change from the third quarter of 2018, fourth-quarter composite rates for commercial and personal lines were up +2% and +2.25%, respectively, according to the latest quarterly MarketScout pricing survey.
As Hurricane Florence Stalled, Uninsured Losses Surged
As a result of the record storm surge, flooding extended well beyond FEMA’s designated Special Flood Hazard Areas into territories where purchasing flood insurance is not mandatory.
P-C Pricing Holds Steady in Third Quarter
Reflecting little change from the second quarter of 2018, third-quarter composite rates for commercial and personal lines were up +2.5% and +2%, respectively.
State of Emergency: A Fire that Never Goes Out
Six of the 10 largest wildfires in California’s history occurred in the past decade, and nine of those 10 happened this century. The effect on the Golden State’s homeowners insurance market has been nothing short of cataclysmic.
