The U.S. personal lines composite increased 4 percent in September, despite a lack of hurricane activity, as a result of premium increases in homeowners, auto and personal articles coverages, according to MarketScout’s Barometer Report. In August, rates were steady.
"Buyers of low limit personal lines coverages can often offset premium increases by shopping in the online personal lines marketplace,” said Richard Kerr, MarketScout's CEO. “There are many options because this product is aggressively pursued by both direct and agency markets. Securing good premium and terms is more complicated for the high-value personal lines consumer.”
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access