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HNW INSURANCE MARKET NOTES – DECEMBER 2023

bcuinsurancerisk • Dec 12, 2023
STICKER SHOCK

Average full coverage rates in Tennessee increased by 19% over the last year – even more than the national average increase of 16.1%…

MINIMAL IMPACT

The Governor’s plan would waive fees and taxes on property insurance premiums for one year and permanently waive those costs for flood insurance policies…

A RUMBLE WITH THE REGULATORS

In California and New Jersey… Allstate needs 30-plus percent increases in pricing, and about 18 percent in New York…

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