article thumbnail

What Latest Ivans Index Shows About Commercial Lines Renewal Rate Changes

Insurance Journal

All major commercial lines premium renewal rates were higher in July than in June, except commercial property which decreased, according to the latest monthly Ivans Index. Year over year, commercial auto, business owners, general liability, commercial property and umbrella experienced …

article thumbnail

Ivans Index Shows Most Commercial Lines Renewal Rates Up in November

Insurance Journal

Most major commercial lines premium renewal rates were higher month over month, except general liability, which remained consistent with October and Commercial Property and Workers’ Compensation which saw a decrease, according to the November 2024’s results of the Ivans Index.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Latest Ivans Index Shows About Commercial Lines Renewal Rate Changes

Insurance Journal

All major commercial lines premium renewal rates were higher in July than in June, except commercial property which decreased, according to the latest monthly Ivans Index. Year over year, commercial auto, business owners, general liability, commercial property and umbrella experienced …

article thumbnail

Who Really Pays for Workers’ Comp? Debunking a Common Myth

AMAXX

Click Link to Access Free PDF Download “Step-By-Step Process To Master Workers Comp In 90 Days” Even when an insurance company writes the check, that money comes from the premiums paid by the employer. If your company has frequent or costly claims, your experience mod goes upand your premiums follow suit.

article thumbnail

New Triple-I Issue Brief Puts the Spotlight on Georgia’s Insurance Affordability Crisis

Triple-I: Homeowners Insurance

Homeowners in Georgia’s most climate-risk-vulnerable counties , such as the coastal and most southern parts of the state, can face double-digit premium hikes or nonrenewals. The five-year average count for liability claims increased 24.9 At least 38 of those events happened in the last five years, with 14 in 2023.

article thumbnail

Business Owner’s Policy for Restaurants

Distinguished

A Business Owners Policy, commonly known asa BOP bundles essential protections like property, general liability, and liquor liability into one streamlined solution. General Liability Coverage Restaurants are high-traffic spaces. How Much Does Business Owners Policy Insurance Cost?

Policy 40
article thumbnail

P&C Insurance Achieves Best Results Since 2013; Wildfire Losses, Tariffs Threaten 2025 Prospects

Triple-I: Homeowners Insurance

This advancement was largely attributable to robust net written premium (NWP) expansion, with growth rates of 14.4 Impending challenges and market pressures: The general liability segment is encountering increased financial strain, as evidenced by the least favorable NCR since 2016 and the third worst since 2010.