Insurance Information Institute reports 2024 personal auto combined ratio outperformed broader property-casualty insurance. Report examines correlation between new vehicle and parts inflation to premium increases. The United States personal auto insurance industry achieved its strongest underwriting performance in the post-pandemic era, recording a net combined ratio of 95.3 in 2024, according to a new Issues […]
Insurance Information Institute Projects P/C Insurance Replacement Costs Outpacing CPI in 2025
The Insurance Information Institute (Triple-I) expects the pace of increase in average property/casualty insurance replacement costs to exceed increases in the consumer price index in 2025 and beyond as auto replacement costs rise for the first time since 2022 as CPI continues to decline. Triple-I’s replacement cost index for personal and commercial auto tracks changes […]
Employers Expect Health Benefit Cost to Increase More Than 5% in 2025
According to report by Mercer, this will be the third consecutive year of health benefit cost increases above 5%. Mercer, a business of Marsh McLennan (NYSE: MMC) released preliminary results from its 2024 National Survey of Employer-Sponsored Health Plans. According to an analysis of responses from over 1,800 US employers, total health benefit cost per […]
U.S. Auto Body Repair Prices Down in July Compared to Previous Month
While auto body prices remain above last year, prices have been down on a month-over-month basis since May. The most recent government figures on inflation through July show the rate of growth of auto body repair prices is below the rate of general inflation for the fifth time this year after more than 30 months […]
U.S. Employer Health Care Costs Projected To Increase 9 Percent Next Year
Projected increase is above the 6.4% increase reported this year. The average cost of employer-sponsored health care coverage in the U.S. is expected to increase 9.0%, surpassing $16,000 per employee in 2025, according to Aon (NYSE: AON), the global professional services firm. This projected increase, which assumes employers do not implement employee cost sharing increases […]
U.S. Auto Body Repair Prices Down in May Compared to April
The rate of increase in auto body prices was below the increase in the national consumer price index. The most recent government figures on inflation through May show the rate of growth of auto body repair prices is below the rate of general inflation for the third time this year after more than 30 months […]
U.S. Auto Body Repair Prices Up Under 2% in April Compared to Last Year
The rate of increase was below the increase in the national consumer price index. The most recent government figures on inflation through April show the rate of growth of auto body repair prices is now below the rate of general inflation after more than 30 months in a row of higher increases. The year-over-year (YoY) […]
U.S. Auto Body Repair Prices Up Over 4% in December Compared to Last Year
Prices were up both year-over-year and on a month-over-month basis. The most recent government figures on inflation through December show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 30th month in a row. The year-over-year (YoY) increase of over 4% in December was […]
U.S. Auto Body Repair Prices Up Over 3% in October Compared to Last Year
Prices were up year-over-year, but declined on a month-over-month basis. The most recent government figures on inflation through October show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 28th month in a row, but the year-over-year (YoY) rate of increase continues to decline […]
U.S. Auto Body Repair Prices Up Nearly 6% in September Compared to Last Year
Prices were both on a year-over-year and month-over-month basis. The most recent government figures on inflation through September show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 27th month in a row, but the year-over-year (YoY) rate of increase continues to decline compared […]
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