The insurance market is hardening, resulting in premium rate increases and tighter underwriting standards. M&T Insurance’s Market Brief looks at what that means and the trends driving the need for increased rate.
Read our 4Q 2020 Insurance Market Brief for additional insights across property, casualty, and specialty insurance lines, as well as highlights of trends we are seeing in the market as a result of COVID-19.
For more information or to speak with an insurance specialist, call 1-800-716-8314.
To learn more about the trend towards a hard market, read The P&C Market Firms in Response to Growing Claims and Economic Uncertainty.
Disclosures:
This article is for informational purposes only and is not intended as an offer or solicitation for the sale of any financial product or service. It is not designed or intended to provide financial, tax, legal, investment, accounting, or other professional advice since such advice always requires consideration of individual circumstances. Please consult with the professionals of your choice to discuss your situation.
M&T Insurance Agency, Inc. is a wholly owned subsidiary of M&T Bank.
Insurance Products offered are: Not FDIC insured; Not a deposit in, obligation of, nor insured by any federal government agency; Not guaranteed or underwritten by the bank; Not a condition to the provisions or terms of any banking service or activity.
Insurance products are offered by M&T Insurance Agency, Inc., not by M&T Bank. Insurance policies are obligations of the insurers that issue the policies. Insurance products may not be available in all states.
