February 24, 2025
Q4 2024: P&C premiums up 5.4%. Commercial auto leads at 8.9%. Cyber drops 1.8%. Market moderation continues, with varied trends across lines.
December 7, 2023
Already in 2023, there have been more extreme events in America that cost at least $1 billion, exceeding the 2020 record. Catastrophes, the mounting costs of building materials and four other driving forces are increasing the cost of property insurance.
August 29, 2023
Factors such as high interest rates, increased settlements and severe weather events have taken a toll on the insurance market resulting in a "hard market."
August 22, 2023
Many businesses have started to equip vehicles with telematics to help manage a fleet challenges, like accidents, employee injuries, liability concerns and increased upkeep costs.
August 18, 2023
Premium increases remained steady with an average increase of 8.9% across all account sizes in Q2 2023. This is a slight increase from Q1’s 8.8%.
June 21, 2023
Austin Beber and Cody Roach, Risk Advisors and Jackie Damon, Account Manager are key additions to UNICO's Omaha team.
June 6, 2023
Most lines experienced moderation in premium pricing increases in Q1 2023. Results from the survey showed an average increase of 8.8% across all account sizes, up slightly from the 8.0% recorded the previous quarter.
December 6, 2022
Market conditions remained challenging in Q3 2022, with average premium increase of 8.1% across all account sizes, up from 7.1% in Q2 2022.
September 20, 2022
The second quarter of 2022 marked the 19th consecutive quarter of commercial price increases with continued easing in the market and average price increases of 6.1% across all lines of business.
August 9, 2012
Happy Halloween. What’s the scariest thing you might see on the highway today? Zombies, vampires, the devil, Angry Birds? Not for me. The most terrifying thing for me is actually distracted driving – it plays a big part in a number of auto accidents on the road today. 20 percent of injury crashes in 2009 involved reports of distracted driving. (NHTSA). Of those killed in distracted-driving-related crashed, 995 involved reports of a cell phone as a distraction (18% of fatalities in distraction-related crashes). (NHTSA) In 2009, 5,474 people were killed in U.S. roadways and an estimated additional 448,000 were injured in motor vehicle crashes that were reported to have involved distracted driving. (FARS and GES) The age group with the greatest proportion of distracted drivers was the under-20 age group – 16 percent of all drivers younger than 20 involved in fatal crashes were reported to have been distracted while driving. (NHTSA) Drivers who use hand-held devices are four times […]
August 9, 2012
The Insurance Research Council estimates that one in seven drivers on the road today could be uninsured. During difficult economic conditions many people simply cannot afford to pay for car insurance. So what can you do to protect yourself? Here are a few things you may not know about your automobile insurance policy and uninsured motorists: What are Uninsured and Underinsured Motorist Insurance? Uninsured motorist insurance provides coverage to a policy holder when the at-fault party does not have auto insurance. Who does it cover? It provides coverage not only to the occupants of your vehicle but also to any family member residing in you home when they are injured in a motor vehicle accident. Even if they are a passenger in someone else’s vehicle, a bicyclist, pedestrian or in the event of a hit and run accident. What losses are covered? Uninsured motorist insurance is intended to compensate for your financial losses such as medical expenses and loss of […]