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January Rate Changes / Market View

Not as much activity in December with rate changes. Here are a few estimates from available data.

 

Rate Changes in SERFF:

  • Amica +15%

  • Dairyland +7.2%

  • Hidden amounts from Hallmark, Apollo, Acacia, Mendota, ASA, Excellent, Newstar, and others

 

Rate Changes Imputed in ITC Data:

  • Progressive +3.6%

  • Apollo +5%

  • Pronto +5%


For the first time in two years wages outpaced inflation. A welcome change as agents head into the busy season of tax-prep and higher insurance sales opportunities.



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