increased claim frequency News

Premiums Fail to Keep Pace with Auto Claims Inflation

Insurance claims inflation has risen faster than the underlying consumer price index, outpacing auto insurance premium increases, according to a new study by the American Property Casualty Insurance Association (APCIA). The national trade association for home, auto and business insurers …

Growth in Homeowners’ Claim Costs Fueled by Increased Severity and Frequency

The cost of homeowners insurance claims has been rising rapidly because of the combined effects of rising claim severity and increases in claim frequency, an Insurance Research Council (IRC) study of homeowners insurance claim trends found. From 1997 to 2011, …