New price indexes for insurance industries
October 04, 2000
In their first year of publication, the Producer Price Index for life insurance carriers fell, while the index for property and casualty insurance rose.
The price index for the life insurance carriers industry declined 0.3 percent from December 1998 to December 1999. Declines in prices for life insurance policies and fixed-rate deferred annuities contributed to the drop. Increased competition from consolidation in the industry also contributed to the decrease in the life insurance carriers index.
Prices in the property and casualty insurance industry increased 1.1 percent between December 1998 and December 1999. A 2.8-percent rise in the price of homeowners insurance helped stimulate the increase in the property and casualty insurance index.
These data are a product of the BLS Producer Price Index program. Learn more in "Rising producer prices in 1999 dominated by energy goods," by Eleni Xenofondos and William F. Snyders, Monthly Labor Review, August 2000.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, New price indexes for insurance industries on the Internet at https://www.bls.gov/opub/ted/2000/oct/wk1/art03.htm (visited May 28, 2017).
Recent editions of Spotlight on Statistics
STEM occupations: past, present, and future
A look at employment and wages in science, technology, engineering, and mathematics occupations.
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.