#1 Massachusetts Weighs Workers’ Comp Rate Hike to Correct for ‘Excessive’ 2024 Cut

Dec 18 2024 // Massachusetts workers’ compensation insurers have filed for a 7.1% increase in average rates for industrial classes beginning July 1, 2025 — the first rate increase since 2016.Why an increase in 2025? According to...

#2 MarketScout: 2024 Composite Personal Lines Rates Up 5.8%; Commercial Rates Up 3.8%

Jan 7 2025 // According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased about 5.8% in 2024 — the highest yearly jump in a dozen years.For the last quarter of 2024, the composite rate went up...

#3 Loss-Free Property Cat Rates Fall 5%-15% as Reinsurer Appetite Grows: Guy Carpenter

Dec 30 2024 // Global reinsurers’ appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of 5%-15% for loss-free accounts, according to a renewal...

#4 US Commercial Lines Prices Up About 6% Again: WTW CLIPS

Dec 11 2024 // Broker WTW said commercial lines insurance rates increased overall by an average of 6.1% during the third quarter 2024.Quarterly price increases have been around 6% since the end of the pandemic, WTW reported in its...

#5 European Insurers’ Fundamentals Resilient to Moderating Premium Rates, Falling Yields

Dec 19 2024 // European insurers are approaching the new year from a position of strength, having benefited from supportive interest rates and pricing cycles over the past two years. However, 2025 is expected to present more challenges,...

#6 Global Property Catastrophe Rates-on-Line Down 6.6% During Renewals: Guy Carpenter

Jan 6 2025 // Guy Carpenter reports that average global and regional property catastrophe rates-on-line decreased during the January 2025 renewals in amounts ranging from 5.3% to 7.2%.Guy Carpenter defines rate on line (ROL) as the cost...

#7 Rising US Auto Insurance Rates Are Disproportionately Hurting Classic Car Owners:

Jan 8 2025 // The Meteoric Rise in U.S. Auto Insurance Rates is Being Subsidized by Collector Car Owners According to Classic & Collector Insurer OpenRoad Standard auto insurers continue their efforts to recover from the...