The Big I Virginia Summer 2022

MARKETPLACE SUMMARY
Virginia Growth Rate Perspective
Premium growth rates can vary considerably by line of business. They can also vary considerably by state. To provide
perspective on Virginia growth rates, below is the 1-year growth rates by line of business in Virginia contrasted with
average growth rates in United States.
Virginia 1-Year Growth
United States 1-Year Growth
Aircraft (all perils) 1% 14%
All Commercial Auto 16% 17%
All Private Passenger Auto 4% 5%
Allied Perils Only 6% 12%
Boiler & Machinery 10% 11%
Burglary & Theft 8% 7%
Commercial Multi-Peril 8% 8%
Earthquake 19% 11%
Excess Workers' Comp 4% 2%
Farmowners Multi-Peril 4% 5%
Federal Flood 1% 1%
Fidelity 5% 7%
Fire Peril Only 2% 13%
Homeowners Multi-Peril 7% 8%
Inland Marine 16% 15%
Medical Malpractice 21% 10%
Multi-Peril Crop 32% 37%
Ocean Marine 24% 13%
Other Liability (Claims-made) 36% 31%
Other Liability (Occurrence) 9% 16%
Private Crop 5% 14%
Private Flood 29% 45%
Products Liability -14% 4%
Surety -3% 7%
Workers' Compensation -3% 3%
Total (IA-Focused Lines) 8% 10%
Source: © A.M. Best Company — used by permission.
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SUMMER 2022 THE BIG I VIRGINIA 21