Insurance Companies Policyholder Premium 
Triple-I: Homeowners Insurance
JUNE 26, 2024
Homeowners insurance premium growth in Florida has slowed since the state implemented legal system abuse reforms in 2022, according to a Triple-I analysis. As shown in the chart below, average annual premiums climbed sharply after 2020. In 2022, average homeowners premium rates rose more than 17 percent, to $3,040.
QuickQuote
JULY 29, 2023
Since life insurance companies pay out multiple claims per year, you may wonder how life insurance companies make money if claims sometimes eclipse the amount earned in premiums. The answer is that life insurance company profitability is based on more than just the amount it earns in premiums.
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Bankers Insurance
MAY 16, 2024
The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. Finally, toward the end of 2023, reinsurance rates rose by as much as 40% as companies sought to recoup increased losses from recent years.
Protect Commercial Insurance
OCTOBER 4, 2024
How Interest Rates Influence Insurance Costs Insurance premiums are sometimes indirectly influenced by interest rates. Here’s how: insurers rely on investment income to keep premiums competitive. When interest rates rise, the returns on these investments can increase, potentially affecting premium rates.
R&R Insurance
SEPTEMBER 12, 2024
These rebates may be in the form of a premium credit or a lump-sum payment. For the small employer market segment, the insurance carriers must demonstrate that they spent $0.80 Issuers who did not meet the applicable MLR percentage for the last calendar year must provide rebates to plan sponsors by September 30th.
American Agents Alliance
OCTOBER 14, 2024
Some insurance companies now highlight their charitable give-back programs , which may be of interest to millennial insurance buyers. They can explain how premiums are determined, how policyholders can mitigate their risk, and why certain coverages are important. Focus on financial health, literacy, and education.
Shield Insurance Agency
AUGUST 20, 2024
Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. As a result, the insurance company may raise your premiums to offset the potential risk.
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