Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Pennsylvania Regulator Has Nixed $200M in P/C Insurance Rate Hikes in First 6 Months
Jul 17 2025 // The Pennsylvania Insurance Department (PID) reported that its actuaries denied $210.1 million in requested property/casualty (P/C) insurance premium increases in the first six months of 2025, which is more than was saved...
State Farm Implements 27% Rate Increase for Illinois Homeowners
Jul 15 2025 // State Farm is implementing a significant rate hike for Illinois homeowners, citing more frequent severe weather events and rising home replacement costs that are driving up the cost and frequency of claims. The rate hike...
US Tariffs Projected to Slow Global Economy and Insurance Premium Growth: Swiss Re
Jul 9 2025 // Global growth is slowing as US tariff policy reduces trade and heightens geopolitical uncertainty, which ultimately will lead to decelerating growth in insurance premiums, according to Swiss Re. Global GDP growth (adjusted...
MarketScout: Q2 Composite Personal Lines Rates Up 4.6%; Commercial Up 2.8%
Jul 7 2025 // According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased in the second quarter to 4.6%. U.S. personal lines rose an average 4.9% during the firth quarter. Dallas-based...
US Commercial Lines Prices Up 5.3%, Continue Downward Trend: WTW CLIPS
Jul 7 2025 // U.S. commercial insurance rates went up again in first-quarter 2025, according to the latest findings from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS). Carriers reported an aggregate price increase of...
US E&S Growth Slowed Again in ’24; Berkshire, AIG Top Premium Rankings
Jun 26 2025 // A recent analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market slowed to 13.4% in 2024, down from 14.5% a year earlier. While growth stayed up in double...
Air India Crash Risks Fueling Up to 30% Jump in Insurance Premiums
Jun 23 2025 // Indian insurance policy sellers expect the cost of coverage for airlines to spike as much as 30% after the deadliest aviation crash in more than a decade. Sajja Praveen Chowdary, director at Indian broker Policybazaar,...
Update: Deadly Air India Crash Will Harden Aviation Reinsurance Market: GlobalData
Jun 16 2025 // The fatal crash of Air India flight AI171 on June 12, 2025 is expected to send ripple effects across the global aviation insurance market, significantly affecting insurers and reinsurers in India and globally, according to...
Premium Insurance Demand Rises With Global Travel Disruptions
Jun 16 2025 // With flight cancellations, delays and other disruptions on the rise, leisure travelers are being increasingly discerning over the level and type of insurance they buy and businesses are turning to specialist advisory...
Rate Growth Slows, Moving Violations Increase: The Road Ahead for Auto
Jun 16 2025 // The auto insurance market is shifting gears. Last year, the sector saw premium growth, lower retention rates and improved loss ratios, leading to a softening market and increased profitability. However, it’s a...
Massachusetts Denies 7.1% Workers’ Comp Rate Hike After 2024 ‘Excessive’ Cut
Jun 16 2025 // Massachusetts Insurance Commissioner Michael Caljouw has rejected an industry proposal to raise workers’ compensation rates by 7.1%. As a result, existing rates, which reflect a 14.6% decrease ordered last July, will...
Climate Group Says State Farm Rate Hike to Cost California Homeowners $1,000
Jun 13 2025 // A report from a climate activist group says State Farm’s rate increases, if approved, would cost the average California homeowner more than $1,000. State Farm upped its rate request in May, a week after getting the...
North Carolina Auto Rates to Rise for Second Time This Year After Agreement
Jun 11 2025 // North Carolina automobile insurance rates are poised to increase statewide by a 5% average this fall as part of an agreement reached between state regulators and the insurance industry. The increase comes six months after...
US Commercial Lines Prices Up 5.3%, Continue Downward Trend: WTW CLIPS
Jun 11 2025 // U.S. commercial insurance rates went up again in the first quarter 2025, according to the latest findings from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS). Carriers reported an aggregate price increase of...
A Deep Dive: Recommendations on Georgia’s Rising Premiums, Loss Ratios
Jun 9 2025 // Homeowners’ insurance premiums in Georgia cost less than in other states. Neither affordability nor availability have been major concerns in a state with hundreds of licensed insurers. But things changed in 2023-2024...
Workers’ Comp Premiums Fall 3% in 2024; Combined Ratio Holds at 86: NCCI
Jun 2 2025 // Workers’ compensation remained a healthy and profitable line in 2024, but claims severity grew with an increase of 6% for medical claim severity and 6% for indemnity claim severity. That’s according to the...
Captives to Remain Viable as Market Softens
Jun 2 2025 // As commercial property insurance rates moderate, the value and relevance of captive insurance companies isn’t expected to fade away. A panel of experts discussed the state and evolution of the captive sphere during a...
Hard Market, Valuable Research, Public Perception & Antitrust Litigation Pressure Higher Education World
Jun 2 2025 // The U.S. higher education insurance market is as diverse as the academic degrees these institutions offer. But one recent challenge facing the sector is a downturn in public trust that may be contributing to the increased...
State Farm Still Wants a 30% Rate Increase in California
May 21 2025 // State Farm isn’t done seeking a rate increase in California, upping its request a week after getting the OK for a large rate hike to what the company had originally wanted before being rejected and agreeing to an...
Massachusetts Denies 7.1% Workers’ Comp Rate Hike After 2024 ‘Excessive’ Cut
May 20 2025 // Massachusetts Insurance Commissioner Michael Caljouw has rejected an industry proposal to raise workers’ compensation rates by 7.1%. As a result, existing rates, which reflect a 14.6% decrease ordered last July, will...
