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Total cost of risk climbed 2% in 2018, RIMS survey finds
By Danielle LingThe average increase in insurance rates last year is one explanation for the increase in TCOR, the 2019 RIMS Benchmark Survey found.
News and information for property & casualty insurance agents and brokers on commercial lines insurance, including commercial property, D&O, E&O, Environmental, construction, employee practices liability, EPLI, business owners’ policy (BOP), general liability, crime, business interruption, cyber, equipment breakdown insurance, workers’ compensation, employee benefits, small business insurance, medical malpractice, fire and flood coverage, among other important types of coverage.
The average increase in insurance rates last year is one explanation for the increase in TCOR, the 2019 RIMS Benchmark Survey found.