Instant Insights / The Business of Insurance

What's happening in insurance today? From market changes and M&A activity to new coverages, the insurance industry is ever-evolving. To stay up-to-date on the business, these articles, which are updated regularly, will help insurance professionals maintain a competitive edge.

Market Insights

Personal lines composite rate holds steady at 3.5% in Q2 2020

MarketScout breaks down Q2's personal lines composite rates by homeowners insurance, automobile and possessions.

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The Marsh Global Insurance Market Index is a proprietary measure of commercial insurance premium pricing change at renewal. The pricing change captures year-over-year pricing movement, which is measured quarterly. (Photo: Shutterstock)

New numbers and analysis from MarketScout reveal the U.S. personal lines composite rate held steady in the second quarter of 2020. Mimicking Q1, Q2′s composite rate increased by 3.5%.

However, analysts note that underwriters are continuing to assess significant rate increases for high-value homes in catastrophe prone areas, particularly in California and Florida.

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Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].

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