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Workers’ Comp Premiums Fall 3% in 2024; Combined Ratio Holds at 86: NCCI
May 15 2025 // Workers’ compensation remained a healthy and profitable line in 2024 but claims severity grew with an increase of 6% for medical claim severity and 6% for indemnity claim severity. That’s according to the...
Judge Recommends Approving 17% State Farm Rate Hike in California
May 13 2025 // It looks like California’s largest homeowners insurer is getting a large rate increase following billions of dollars in losses from the Los Angeles wildfires and pullback on writing new policies in the...
Texas Legislators Seek Solutions to Rising Home Insurance Rates
May 9 2025 // Texas lawmakers hope to rein in homeowners’ rising insurance bills even as they acknowledge there’s only so much they can do to tackle costs. Legislators have advanced bills to limit how much insurance...
JD Power: Drivers Keep Shopping Even as Auto Insurance Price Increases Slow
May 2 2025 // Even as auto insurance rates level out, drivers are still looking for a better deal. The rate of U.S. auto insurance premium price increases slowed to less than 2% at the end of 2024, down from 13% at the beginning of the...
With Wildfire Suits Looming, Edison Beats Estimates on Lower Expenses, Rate Hikes
Apr 30 2025 // Edison International beat Wall Street estimates for first-quarter profit on Tuesday, as the utility benefited from lower operating and interest expenses and higher rates for its services. Lower interest rates reduce...
MarketScout: Q1 Composite Personal Lines Rates Up 4.9%; Commercial Rates Up 3%
Apr 21 2025 // According to the MarketScout Market Barometer, the composite rate for U.S. personal lines kept rising in the first quarter to 4.9%, up from 4% during the prior three-month period. Richard Kerr, CEO of Novatae Risk Group,...
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