These figures are averaging. Depending on what state or area you are in, they can fluctuate dramatically. In Texas, the property rates are outrageous, often going up 10-15% even on loss free customers because of wind & hail exposure. We have to fight constantly to keep renewals at sellable premiums and re- market all the time. It seems that carriers will do more for a new risk than one they have had for years with good loss ratios.
These figures are averaging. Depending on what state or area you are in, they can fluctuate dramatically. In Texas, the property rates are outrageous, often going up 10-15% even on loss free customers because of wind & hail exposure. We have to fight constantly to keep renewals at sellable premiums and re- market all the time. It seems that carriers will do more for a new risk than one they have had for years with good loss ratios.