Insurance PPIs up in 2001
October 29, 2002
The Producer Price Index for property and casualty insurance moved up 3.7 percent for the 12 months ended December 2001, due partially to rising prices for private passenger automobile insurance and homeowner’s insurance.
Private passenger automobile insurance advanced 5.9 percent in 2001, with significant increases in California and Florida. In Florida, cases of automobile insurance fraud are currently being investigated as causes for rising premiums.
Prices for homeowner’s insurance rose 5.1 percent in 2001, with large gains in California, Florida, and Texas. The gain in prices resulted from an increase in claims surrounding mold problems that arise in warm climates after water damage.
The price index for the life insurance carriers industry also rose in 2001. The index was up 1.4 percent in 2001, following declines of 0.3 percent and 0.6 percent in 1999 and 2000, respectively.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Insurance PPIs up in 2001 on the Internet at https://www.bls.gov/opub/ted/2002/oct/wk4/art02.htm (visited January 19, 2018).
Recent editions of Spotlight on Statistics
Industry on Tap: Breweries
A look at employment, wages, and job safety in breweries and producer prices for beer.
Differences in Parents’ Time Use between the Summer and the School Year
A look at how parents of school-age children spend their time in the summer and the school year.
Hispanics in the United States: Celebrating National Hispanic Heritage Month
A look at employment, earnings, consumer spending, time use, and workplace injuries and illnesses for the Hispanic or Latino U.S. population.
Expenditures on Admissions to the Arts, Movies, Sporting Events, and Other Entertainment
A look at consumer spending and attendance at arts, sports, and entertainment events.