2with implications for primary rates to follow. Inflation (measured by the consumer price index, or CPI) may have peaked in 2022, but for certain lines, the market is continuing to harden in 20233with both rate increases and flat limits even ...
Inflation (measured by the consumer price index, or CPI) may have peaked in 2022, but for certain lines, the market is continuing to harden in 20233 with both rate increases and flat limits even as asset values increase.Rising inflation and price adequacy uncertainty....
"The general consensus is that it will be eight to 12 months [from fall 2022] before rate increases begin to slow down, and some think it could be several years before prices fully stabilize," Betsy Stella, vice president of insurance partnerships at Insurify, said. If you are looking to...
Since insurance companies were approved for significant rate increases over the past few years, many carriers may be near rate adequacy. This means that 2025 may usher in a time of rate stabilization, but there are no guarantees. The insurance industry is composed of several moving parts, and ...
Low customer satisfaction ratings for auto and home No online home insurance quotesNew What’s new with Safeco? Safeco has repeatedly been in the news for requesting insurance rate increases in multiple states. Liberty Mutual, its parent company, has requested the highest rate increases of any ins...
demand. Prudence alone is sufficient for insurance demand to increase in two cases: the case of fair insurance and the case where the smallest possible loss exceeds a certain threshold value (referred to as the large loss case). We derive conditions under which insurance demand increases or ...
摘要：Baily (1978)’s model provides an observable condition of optimality for unemployment benefits (“b”). We add unemployment accounts (UAs) into the model, where employed individuals deposit a “s” saving rate and UAs finance unemployment benefits until their funds are exhausted and tax-...
The rule change could mean higher rates for homeowners who are already seeing dramatic increases. Eight insurance companies doing business in California have requested rate increases of at least 20% or higher this year, according to the California Department of Insu...
As a result, drivers may be forced to pay out-of-pocket for rental cars for a longer period of time and likely at a higher rate. Increase in totaled vehicles: When a car’s repair cost exceeds the actual cash value (ACV) of the vehicle, insurance carriers declare the car totaled. ...
Additionally, as we age, slower recovery and complications from injuries can increase the cost of medical care for older drivers, which also increases the cost of medical payments and personal injury protection (PIP) coverages. Most insurers understand that car insurance can be expensive for ...