Personal automobile insurance claims severity slowed in the third quarter as higher rates continued to lift premiums and unfavorable development and inflation abated, Progressive Corp. President and Chief Executive Officer Tricia Griffith said during a third-quarter earnings call.
Tag: higher insurance premiums
Commercial Insurance Buyers Can Expect Hard Market Conditions to Continue throughout 2021: WTW
North American commercial insurance prices are expected to increase in every line except one, according to Willis Towers Watson’s 2021 Insurance Marketplace Realities report. Promisingly, the leading global advisory, broking and solutions company suggests that the insurance industry will adapt to the continuing hard market by utilizing analytics and data-driven tools to change the way… Continue reading Commercial Insurance Buyers Can Expect Hard Market Conditions to Continue throughout 2021: WTW
QBE Flags Higher Premiums as Recovery Takes Shape
QBE Group believes the cycle of rising insurance premiums has further to run, providing a tailwind to the business as it faces softer investment returns from the plunge in global bond yields. As QBE delivered a 35 per cent lift in half-year cash profits to US$520 million ($766 million) on Thursday, helped by much stronger… Continue reading QBE Flags Higher Premiums as Recovery Takes Shape