A quiet end to this year’s hurricane season leads to flat rates in October
“Personal line insurers survived another wind season relatively unscathed,” noted Richard Kerr, CEO of Dallas-based MarketScout. “Insurance professionals feel as though it has been a long, long time since any significant windstorm has hit Florida or the Gulf Coast. However, in terms of mother nature’s time clock, this is only a short blip. It is very possible we will not see a significant wind event for another decade. If so, prices will continue to be very competitive.”
An in-depth look at the numbers
As a result, personal lines rates for this month have remained flat. According to the Dallas-based exchange which which analyzes the premium rate trends each month, both Homeowner’s premiums and personal articles remained unchanged while only personal automobile coverage saw an increase of 1 percent.
| Personal Lines | October 2015 | September 2015 | August 2015 |
| Homeowners under $1,000,000 value | Flat | Up 1% | Up 2% |
| Homeowners over $1,000,000 value | Flat | Up 1% | Up 2% |
| Automobile | Up 1% | Up 2% | Up 2% |
| Personal Articles | Flat | Up 1% | Flat |
