Insurance Trends for 2020 – Will My Price Increase?

Insurance companies continue to pay out higher and higher amounts on insurance claims.  Due to their increased costs, they will increase premiums as a whole to off-set the trends on their losses.

Based on predictions of increased costs and claims, Willis Towers Watson is suggesting a significant rise in insurance premiums.  General Liability could see increases up to 7.5%, Auto up to 12% and Umbrella up to 20%.

For a full breakdown for all lines of insurance, click here.