California Business and commercial insurance trends as I see the California Insurance Market evolve from the perspective of a independent California commercial insurance broker. Industries I have clients in include non-profits, manufacturing, commercial property owners, technology and software to name a few. I'll be discussing the trends in California Workers Compensation, Property Insurance, E&O, Errors and omissions, Directors and officers, D&O, EPLI, and other coverages
Monday, December 8, 2008
California Business Insurance Renewals for 2009...save money renew in '08
Recent reports have indicated that property and casualty insurance rates have continued to fall for renewals running through 2008. With reinsurance treaties coming up and rates being submitted to the state of California Department of Insurance, we can only wait and see what early 2009 hold for the commercial insurance market but if you have a renewal date in December you can breath a sigh of relief knowing that the turmoil in the markets has not affected your premiums, at least for another year.
We'll have to watch renewals closely to see when the hard market begins but as of today despite having all of the signs that rates should be increasing they are staying flat and even decreasing for some. Stay tuned.
