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AM Best: Insurance rate hikes ease as market conditions improve
By Maura KellerLarge premium increases approved during 2023 and 2024 were largely a response to rising claim frequency and severity.
News and information for property & casualty insurance agents & brokers on how to sell property & casualty insurance to a wide range of customers, how to compete with disruptors like Lemonade or Metromile, how to upsell existing clients, how to attract new clients, how to broaden the range of insurance products they sell, how to reach specific markets, how to market their agency or brokerage, how to increase brand awareness.
Large premium increases approved during 2023 and 2024 were largely a response to rising claim frequency and severity.