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Tag: Insurance premiums


Financial, Risk Management

J.D. Power says drivers are giving in to higher insurance premiums

January 31, 2024

Via: Repairer Driven News

The last quarter of 2023 insurance shopping results began to confirm that consumers are getting used to the idea of higher auto insurance premiums, though slowly, according to J.D. Power. In its Q4 loyalty indicator and shopping trends (LIST) report, […]


Financial, Risk Management

China offers significant growth potential, says Munich Re’s Wenning to China Daily

January 17, 2024

Via: Reinsurance News

In an exclusive interview with China Daily, Joachim Wenning, Munich Re’s Chair of the board of management, said that the reinsurance giant currently books an annual premium income of approximately $2.19 billion in China, but expects this to rise in […]


Financial, Risk Management

Pressure mounts on DeSantis as Florida’s insurance crisis continues to unfold

November 20, 2023

Via: Insurance Business

Pressure mounts on Ron DeSantis as Florida continues to face a historic surge in home insurance premiums. Florida congressman Maxwell Frost is the latest to demand that DeSantis introduce measures to address the issue, adding to previous calls that have […]


Regulatory / Legal

Texas Comptroller: State Revenue Driven by Increasing Insurance Premiums

September 29, 2023

Via: Insurance Journal

When Texas lawmakers meet next month for a special session on funding public education, they will have more money available to them to spend than they anticipated when they passed the state’s $321.3 billion budget earlier this year, Texas Comptroller […]


Financial, Risk Management

S&P forecasts further increases in P&C insurance premiums through 2023

June 13, 2023

Via: Reinsurance News

“We expect P&C insurance premiums for commercial properties, including multifamily, will keep rising through 2023,” suggests S&P Global Ratings credit analyst Raymond Kim. Kim’s comments stem from a report in which S&P Global Ratings analysed 2020-2022 expense trends on 60 […]


Financial, Risk Management

VIG reports double digit premium growth across all segments for Q1 2023

May 31, 2023

Via: Reinsurance News

Vienna Insurance Group reports double-digit premium growth in Q1 2023. The Group’s solvency ratio is at 284% which remains stable against the figure of 280% at the end of 2022. Despite numerous economic and geopolitical uncertainties, VIG remains cautiously optimistic […]


Financial, Risk Management

Commercial lines premiums up YoY through Q3: Applied

November 30, 2022

Via: Reinsurance News

Applied Systems, a global provider of cloud-based software that powers insurance businesses, has released the third quarter results of the Applied Commercial Index, the Canadian insurance industry’s premium rate index. The index shows that average premium rates increased year-over-year in […]


Financial, Risk Management

United (UPC Insurance) reports $70.9mn net loss in Q3

November 10, 2022

Via: Reinsurance News

United Insurance Holdings Corp (UPC Insurance) has reported a net loss of $70.9 million for the third quarter of 2022, compared to a net loss of $14.3 million in 2021. UPC Insurance specified that the loss was driven by decreased […]


Financial, Risk Management

TransRe reports decrease in net premiums in Q2 results

August 5, 2022

Via: Reinsurance News

Investment holding company Alleghany Corporation has seen net premiums written for its reinsurance business TransRe decrease 9.1% in the second quarter of 2022. At the same time net premiums written for H122 decreased 5.9% compared to the same period last […]


Geo-Political, Risk Management

Insurance rates jump for Ukraine war-exposed business – report

May 31, 2022

Via: Insurance Business

97 days into the Ukraine-Russia conflict, the ongoing impacts of the strife are only becoming clearer. A recent report from Reuters has highlighted that industry sources are seeing insurance premiums doubling or more for aviation and marine business which are […]


Regulatory / Legal

Twelve charged in $20 million “Operation Vacant Lot” insurance fraud case

December 22, 2021

Via: Insurance Business

An investigation into a Phillipsburg, NJ truck stop has uncovered a massive $20 million insurance fraud scheme, with 12 individuals charged in connection with the fraud ring. The charges cover about $2.7 million in underpaid insurance premiums for just the […]


Risk Management, Trends

WTW links Ecological forestry to 41% fall in residential insurance premiums

August 9, 2021

Via: Reinsurance News

A new study by global conservation organisation The Nature Conservancy and re/insurance broker Willis Towers Watson has found a 41% decrease in residential insurance premiums when ecological forestry is applied to relevant areas. By modelling the impact on insurance of […]


Financial, Risk Management

Economic recovery from COVID-19 to drive global insurance premiums to $7tn: Swiss Re

July 15, 2021

Via: Artemis BM

A new report from global reinsurance company Swiss Re suggests that a strong economic recovery from the COVID-19 pandemic will drive insurance market premiums much higher, lifting them to a record almost US $7 trillion by the end of 2021. […]


Financial, Risk Management

Lancashire near doubles P&C reinsurance premiums written in Q1

April 29, 2021

Via: Artemis BM

Specialty insurance and reinsurance group Lancashire Holdings experienced some of the strongest growth in the firms history in the first-quarter of 2021, nearly doubling its P&C reinsurance premiums written during the period. At the same time, the company has reported […]


Risk Management, Trends

Insurance premiums a taxing issue for filers

April 8, 2021

Via: Business Insurance

Are insurance premiums tax-deductible? Forty-nine percent of Americans think so, according to a recent survey of 1,550 people conducted by the consumer research and analysis website ValuePenguin.com. That means people could be heading for trouble with the Internal Revenue Service […]