Is This Any Different Than Taxes?

[1manshow]

Starting to see carriers grabbing rate here in Pa on homeowners after a bad 2011. Thing is...2012 is off to a great start with low claim activity and that's universal across the major carriers.

So...when they have a record profit after grabbing double digit rate increases, will they lower rates next year? You know...like Obama will lower taxes right after he's accomplished all his other agenda items



Travelers & Allstate got 20+% and many other market leaders are getting double digits. Not a bad time to be an IA though...shopping will start picking up soon

 

[Guest]

Some of it will depend on when they build back up their reserves and what the CAT forcast looks like,

Is it projected to be a bad storm season?

Havent you guys had a number of bad winters in a row up there?

Some of it will come down to, when the first company lowers rates, others will follow....

 

[1manshow]

had our lightest winter in years this year...last year was an anomaly

lowering the rates is comical...umbrella loss ratios are roughly 10-20% for the last ten years...and still no rate changes

makes me think that being a consumer advocate would be a fun job