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Oregon Median Auto Insurance Rate Now $577 per Household MarketWatch (press release)

26.05.10

, A leading online insurance comparison provider.

InsWeb also reported Oregon median auto insurance rates segmented by specific demographic groups. These include:

-------------------------------------------------- Demographic Group Median Six-Month Rate -------------------------------------------------- Men $604 -------------------------------------------------- Women $545 -------------------------------------------------- Age Group: 19 and younger $1,215 -------------------------------------------------- Age Group: 20 to 24 $872 -------------------------------------------------- Age Group: 25 to 29 $637 -------------------------------------------------- Age Group: 30 to 39 $597 -------------------------------------------------- Age Group: 40 to 49 $557 -------------------------------------------------- Age Group: 50 to 59 $487 -------------------------------------------------- Age Group: 60 to 74 $499 -------------------------------------------------- Age Group: 75 and older $588 -------------------------------------------------- Rates provided by InsuranceRates.com, an InsWeb property. owns and operates a network of leading insurance marketplace and education websites. Founded in 1995 and headquartered in Sacramento, California, InsWeb's primary properties include InsWeb.com, InsuranceRates.com, LocalInsuranceAgents.com, and AgentInsider.com. In 2009, more than 10 million consumers turned to InsWeb for answers to their insurance questions.

Source:



Platinum reports second quarter declines

Platinum Underwriters Holdings has reported a fall in net income for the second quarter of 2009, to $98.1 million, compared with $102.3 million in the previous three months.

The decline took net income for the first six months of the year down to $183 million, from $207.5 million in the same period of 2008.

The Bermuda-based property and casualty reinsurer also saw net premiums fall to $232.4 million in the three months to the end of June, down from $257.9 million in the second quarter of 2008.

Premiums for the group’s property and marine business fell to $128.3 million, from $141.7 million a year earlier, while casualty premiums dropped to $99.1 million down from $113.2 million in the same period last year.

The firm’s investment income fell to $78.3 million in the first half of 2009, down from $95.9 million a year ago.

Chief executive, Michael Price, commented: “So far this year, we have found more attractive underwriting conditions for property and marine than for casualty. However, we may be approaching the bottom of the casualty reinsurance market.”

Source: Insurance Daily



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