Many Americans saw their car insurance premiums increase in 2022 and some studies project the trend will continue into 2023. The forecasted rise in automotive insurance costs has a variety of potential causes. These include ongoing supply chain issues throughout the auto industry, a rise in demand...
Auto insurance costs could rise by another 7% in 2023 to $1,895 per year, the report forecasted. Inflation and the continued rising cost of vehicles coupled with consumers driving more will drive the spike in insurance rates next year, Dan Roccato, professor of finance at the University of ...
When the cost of materials and technology related to building cars increases, the cost to repair and replace the vehicle when damaged in an accident increases, causing car insurance rates to rise for policyholders. According to Bankrate’s analysis of Bureau of Labor Statistics data, the cost ...
On the positive side, as interest rates rise for the first time in years, commercial carriers may see an increase in investment returns—with effects varying across commercial carriers depending on investment portfolio exposure. Thus, long-tail lines in particular experience...
Still, the cost of auto insurance is likely to continue to rise throughout the country as "extreme weather, poor driving habits and high repair costs … continue to impact rates," the report reads.
Still, the cost of auto insurance is likely to continue to rise throughout the country as "extreme weather, poor driving habits and high repair costs … continue to impact rates," the report reads.
However, the recent rise in interest rates and the ensuing higher debt costs have slowed broker consolidation, while MGAs are still in the early stages of what could be considered the “next” phase of broker roll-up. As a result, the appetite for M&A in the MGA space is on t...
Bankrate’s review of average rate data from Quadrant Information Services revealed that drivers with a prior incident may see their insurance rates rise anywhere from 33 to 140 percent. To help drivers with a ticket or other driving offense in their past find cheap car insurance in California,...
Insurance rates may rise for KingfisherByTarun Shukla
US, UK And Israeli Firms Face 50% Rise In Red Sea Ship Insurance Rates. Two insurance industry sources mentioned that vessels with the US, the UK, or Israel links would be quoted a higher rate, even above 50%. Almost all the ships that have had issues so far have some elements of Is...