As we move into 2025, the cost of living remains high across the U.S., from rising grocery bills to steep mortgage rates. Car insurance costs are no exception, with premiums climbing even higher than in 2024. According to a recent report from Bankrate, the national average annual premium for full-coverage auto insurance increased by 26% … Read more
With nearly half of all homes in the United States at risk of “severe or extreme” damage from events like flooding, high winds, and wildfire, the perfect storm of climate risk and legal system abuse creates obstacles for homeowners. It also threatens a more financially vulnerable segment of the housing market, as increased premiums and … Read more
Personal lines insurance is very price-sensitive. As discussed previously, maintaining a 20+% expense ratio is not feasible for insurers. Beyond pricing, what truly fosters customer loyalty, and how can insurers compete to increase their market share? In this blog, I explore strategies for enhancing customer loyalty and retention, provide forecasts on the evolving risk landscape … Read more
World insurance coverage and reinsurance specialist Everest has continued to cede extra in the way in which of premiums to its Mt. Logan Re third-party capital platform within the second-quarter, with the expansion accelerating at an ever quicker price year-on-year.After the first-quarter, we reported that the 12 months had begun strongly for Mt. Logan Re … Read more
