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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
An IBHS study also found North Carolina's standards had improved the most among states that face hurricane threats.
On average, the cost of workers' comp per employee is around $78 a month nationwide.
Among GMI rated by S&P, the past year proved to be an earnings event for the industry but capital remained unchallenged.
A new survey also reveals vehicle upkeep might not have been top-of-mind for drivers during the pandemic.
The turbulent market is leading carriers to raise rates, reduce capacity and review accounts more closely.
Despite challenges, auto insurance shopping continued an upward trend after a year of tough stretches due to the pandemic.
Dominated by P&C insurers, the ranking uses factors such as financial risk profile and strength.
Since 2004, the council has supported the organization, which helps children of workers injured or killed on the job.
Changing migration patterns carry shifts in vehicle demand and driving, making policy adjustments for impacted individuals vital.
Although they hold a small market share of less than 1%, E&S lines are crucial for the state's insurance market.