Through its fourth quarter 2000 Commercial Insurance Market Index, The Council reported commercial property/casualty premium rates across all lines of the business and group medical coverage rose significantly over the last year. The Index also shows rates continuing to climb during the last quarter of the year. Perhaps the most dramatic changes for 2000 were rates for medium and large business accounts. Nearly all brokers responding to the survey saw some price increases for medium accounts. Of those, 78 percent said rates rose more than 10 percent since the previous year. The Index is based on a quarterly survey of The Council’s member firms, who represent the top one percent of agents and brokers in the U.S., and who place more than 80 percent of all commercial insurance premiums. Across the five commercial property/casualty lines—auto, workers’ comp, property, general liability, and umbrella—well over the majority of brokers reported hardened rates.
- ACE Names North America Management Team for New Chubb
- Pool Fire at Las Vegas Hotel Fueled by Fake Palm Trees
- Blue Bell Begins Trial Production Runs after Listeria Scare
- Travelers Decided to Pass on Buying Chubb: Fishman
- Berkley Sees 'Management Egos, Rewards' Behind M&A Activity
- Senate Republicans Plan Another Vote to Repeal Obamacare
- Is Climate Change Now Its Own Industry?
- Intellectual Property: Conan O’Brien, Doobie Brothers, ‘Happy Birthday’, Michael Jordan
- How Old Is Average Vehicle on U.S. Roads?
- Insurers Warned to ‘Think Before You Snap’ as Florida Drone Privacy Law Takes Flight
Research and White Papers
Sign up to receive insurance news alerts!
Editors and Contributors
Alan L. ShulmanHow to Deal With Humans (Customers) Who Prefer a Digital Interface to a Real Face
Andrew G. SimpsonACE to Acquire Chubb in $28.3 Billion Deal
Young HaNew York Court: Flood Sub-Limit in Policy Applies to Delay Loss
Susanne SclafaneAnalysis of Chubb's Future Position in P/C Product Lines