Home insurance premiums are expected to increase by as much as 30 percent this year as building costs push up underwriting losses from weather-related claims.
Royal and Sun Alliance, with a 28 percent market share in Ireland, will meet with brokers this week to brief them on plans to increase premiums. Other insurers are expected follow suit.
Royal and Sun blamed the price hike on the strength of the economy and increases in the cost of settling claims.
Topics Trends Pricing Trends Homeowners
Was this article valuable?
Here are more articles you may enjoy.
25 Years Later: IJ’s Past and Continued Coverage of the Insurance Impact of 9/11 
UnitedHealth Sells Interest in Florida WellMed Clinics to TPG 
NC Roofers Caught in Farm Bureau’s Sting Sentenced to Probation, Restitution 
FBI Investigating Possible Exposure of Millions of American IDs 
