Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Insurance prices: one up, one down

September 12, 2001

From December 1999 to December 2000, the Producer Price Index for property and casualty insurance rose, while the index for life insurance carriers fell.

Percent change in Producer Price Index for net output in selected insurance industries, 1999-2000
[Chart data—TXT]

Prices in the property and casualty insurance industry increased 1.1 percent between December 1999 and December 2000, the same rate as in the prior year. Increasing claims cost for homeowners insurance was a main factor in propelling the overall index for property and casualty insurance.

The price index for the life insurance carriers industry declined 0.6 percent between December 1999 and December 2000, after falling 0.3 percent a year earlier. The 2000 decline is evidence of continued competition due to the ability of other financial services companies to offer similar services.

These data are a product of the BLS Producer Price Index program. Learn more in "Producer prices in 2000: energy goods continue to climb," by William F. Snyders, Monthly Labor Review, July 2001.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Insurance prices: one up, one down at https://www.bls.gov/opub/ted/2001/sept/wk2/art02.htm (visited December 09, 2024).

OF INTEREST
spotlight
Recent editions of Spotlight on Statistics


triangle