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Instant Insights / 2021: Insurance trends and issues to watch

After a year as challenging as 2020, insurance professionals and insureds looking at 2021 with a positive outlook. But that doesn’t mean they are resting on their laurels. Now is the time for agents, brokers, and insurers to strategize for the months ahead. These articles provide insights into the insurance and risk management trends to keep top-of-mind this year.

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The lowest rates are in Maine, North Carolina and Indiana according to ValuePenguin.com, while Arkansas, Ohio and Michigan saw the biggest year-over-year decreases. (Credit: PHOTOBUAY/Shutterstock.com ) The lowest rates are in Maine, North Carolina and Indiana, according to ValuePenguin.com, while Arkansas, Ohio and Michigan saw the biggest year-over-year decreases. (Credit: PHOTOBUAY/Shutterstock.com )

For the first time in more than a decade, personal auto insurance rates will decline in the U.S., according to ValuePenguin.com, which anticipates a 1.7% drop across the U.S.

New York and Indiana are the only states expected to see increases, which should be marginal, according to the site.

Steve Hallo

Steve Hallo is an assistant editor with PC360 Group. Prior to his current position, Steve spent nearly a decade covering retail transformation, consumer trends, manufacturing issues and supply chain challenges impacting global CPG markets. He can be reached at [email protected], and on LinkedIn and Twitter.  

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