IVANS® today announced the November 2021 results of the IVANS Index™, the insurance industry’s premium renewal rate index. Year over year, nearly all lines of business, except Workers’ Compensation, experienced an uptick in average premium renewal rate. Month over month, premium renewal rates increased for lines of business including Commercial Auto, Business Owners’ Policy (BOP),… Continue reading Year-Over-Year Average Premium Renewal Rates Remain Positive for Majority of Commercial Lines
Tag: insurance premium rates
U.S. Property and Casualty Rates Continue Upward Trend
Despite 2020 being one of the strangest years in recent history, the insurance industry continued to function efficiently. The fourth quarter 2020 composite rate was up 7.1 percent as compared to up 6.25 percent for the third quarter 2020. The biggest rate increases by line of coverage were for umbrella liability, professional lines and directors… Continue reading U.S. Property and Casualty Rates Continue Upward Trend