Homeowners Insurers Still Losing Money
NU Online News Service, March 19, 2:34 p.m. EST? A brokerage firm's study of the homeowners insurance market has found, despite substantial premium rate hikes and stricter underwriting, insurers' results still fall short of the cost of capital.
The report by Chicago-based Aon Corp. subsidiary Aon Re Worldwide said the homeowners insurance industry is estimated to have increased its rates by 8 percent since its initial May-June 2002 study. The average hike for new rate filings in the last six months was 12.5 percent, the study said.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
