News & Press: Latest News

A.M. Best: Modest P/C Price Hikes for 2019

Thursday, February 28, 2019  

 

The insurance industry’s most well-known analyst recently predicted “overall modest expectations” for 2019 increases in commercial property and casualty coverage.

In its recently released “2019 Review & Preview: U.S. Property/Casualty,” Oldwick, N.J.-based A.M. Best Co. also reported that generally higher interest rates in 2019 “should provide some tailwinds to the P/C industry given its substantial reliance on net investment income.”

The firm estimated a 2018 combined ratio of 101.5 percent for the industry as a whole, throwing in a slightly better prediction of 101.2 percent for the current year. Wildfire and weather damages drove catastrophe losses above the long-term average for 2018, according to the report.


This company was issued a secure
rating by the A.M. Best Company, click
for additional details.

800-IS-NYSIR (800-476-9747)

333 Earle Ovington Blvd.,
Suite 905, Uniondale, NY
11553-3624