Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
California Commissioner Asks Workers’ Comp Board to Withdraw Rate Increase
Apr 28 2009 // At a rate hearing on Tuesday, April 28, California Insurance Commissioner Steve Poizner urged the Workers Compensation Insurance Rating Bureau (WCIRB) to withdraw its request for an increase in the workers’...
North Carolina Coastal Insurance Rates to Rise May 1
Apr 23 2009 // Homeowners in 18 coastal North Carolina counties whose homes are insured by a state-backed insurance pool shouldn’t expect a delay of higher rates taking effect May 1. A powerful state legislator said a comprehensive...
Risk Managers Report ‘Soft Landing’ for Market Pricing
Apr 21 2009 // Insurance premiums for businesses continued to slide towards a “soft landing” rather than an abrupt reversal resulting in rate increases, according to risk managers. While banks and other financial institutions...
California 2008 Workers’ Comp Premiums Written Decrease 20%
Apr 20 2009 // The Workers’ Compensation Insurance Rating Bureau of California has published its summary of insurer experience reported up to Dec. 31, 2008. California written premium for 2008 is estimated at approximately $10.4...
Rates Rising on U.S. Property Catastrophe Reinsurance
Apr 20 2009 // A new industry briefing shows reinsurance rates continuing to increase for the U.S. property-catastrophe reinsurance market for April 1, 2009, renewals. According to Guy Carpenter & Co.’s “Rates Up on...
Guy Carpenter: Rates Rising on U.S. Property Catastrophe Reinsurance
Apr 7 2009 // A new industry briefing shows reinsurance rates continuing to increase for the U.S. property-catastrophe reinsurance market for April 1, 2009 renewals. According to Guy Carpenter & Co.’s “Rates Up on...
6 Steps to Take Before the Soft Market Hardens
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
6 Steps to Take Before the Soft Market Hardens
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
6 Steps to Take Before the Soft Market Hardens
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
Auto Loan Delinquency Rate on the Rise
Apr 6 2009 // The percentage of auto loans past due 60 days or more rose 8.9 percent in the fourth quarter of 2008, compared with the prior-year period, according to credit reporting agency TransUnion. The numbers point to auto...
6 Steps to Take Before the Soft Market Hardens
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
Calif. Rating Bureau Recommends 24.4% Workers’ Comp Rate Increase
Apr 6 2009 // The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) has recommended to the California Department of Insurance (DOI) to implement a 24.4 percent increase in pure premium rates that would take...
6 Steps to Take Before the Soft Market Hardens
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
North Carolina Challenges 1.4% Auto Insurance Rate Hike
Mar 30 2009 // A 1.4 perent rate hike requested by North Carolina auto insurance companies is being contested by state officials. Insurance department actuaries have concluded that the increase is not warranted in part because it...
New Insurance Agencies Defy Hard Economy, Soft Market
Mar 25 2009 // Against economic and soft markets odds, independent insurance agents have been starting up new property/casualty agencies from Florida to California and states in-between since 2007. For years, the number of agencies in...
Judge Blocks Some North Carolina Beach Plan Price Hikes, Orders Redo
Mar 25 2009 // A Wake County judge has ordered new North Carolina Insurance Commissioner Wayne Goodwin to reconsider deductible and surcharge increases for coastal homeowners in the state insurance pool called the Beach Plan. Wake County...
Auto Loan Delinquency Rate Up Nearly 9%
Mar 18 2009 // The percentage of auto loans past due 60 days or more rose 8.9 percent in the fourth quarter of 2008, compared with the prior-year period, according to credit reporting agency TransUnion. And the numbers point to auto...
Calif. Rating Bureau Recommends 24.4% Workers’ Comp Rate Increase
Mar 18 2009 // The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) says it plans to submit a filing to the California Department of Insurance (CDI) recommending a 24.4 percent increase in pure premium rates that...
Florida Gov. Crist OK With Rate Increases by Citizens
Mar 11 2009 // Florida Gov. Charlie Crist says he’s OK with Citizens Insurance raising its property insurance rates. But not by too much. Crist said he didn’t favor rates be increased dramatically, but that he wanted to be...
Michigan Denies Auto Insurance Rate Hikes Because of Credit Scoring
Mar 11 2009 // Michigan’s regulator has reignited a debate over credit scoring by denying auto insurance companies requested rate increases because their proposed rate schemes include discounts for good credit scores. Commissioner...
