Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Auto Rates Rising for State Farm, Allstate Customers
Sep 1 2008 // Allstate and State Farm are raising their auto rates in Texas. State Farm filed with the Texas Department of Insurance increases of 2.4 percent and 7.3 percent, respectively, for its two auto insurance subsidiaries, State...
California Proposes 16% Workers’ Comp Rate Increase
Sep 1 2008 // The Workers’ Compensation Insurance Rating Bureau of California indicated it plans to submit a filing to the California Department of Insurance (CDI) recommending a 16 percent increase in pure premium rates effective...
Premium Growth: Top 25 Workers’ Compensation Companies
Sep 1 2008 // Workers’ compensation direct premiums written (DPW) for calendar year 2007 exceeded $46 billion. This represented a slight decline from year-end 2006’s $47.2 billion. However, using 2003 as a reference point,...
Soft Market Exposes Value of Risk Control for Golf Insurers
Aug 28 2008 // For the golf industry, 2008 business is at best a bogey — probably worse. And for the agents, carriers and program managers who cater to the golf and country club world, that’s made for a rough market,...
Soft Market Hammers Commercial Carriers’ Stocks; M&As Active in Personal Lines Sector
Aug 21 2008 // Stock Prices: The soft market continues to have an effect on insurers’ stock prices. With the inability of insurers to grow in the current market, commercial insurers’ stocks are still falling, down 18 percent...
California Proposes 16% Workers’ Comp Rate Increase
Aug 14 2008 // The Workers’ Compensation Insurance Rating Bureau of California indicated it plans to submit a filing to the California Department of Insurance (CDI) recommending a 16 percent increase in pure premium rates effective...
Florida Regulators May Reject State Farm Rate Increase
Aug 14 2008 // A State Farm rate increase appears in jeopardy after regulators grilled company officials for hours about a request to jack up rates in Florida by 47.1 percent. Florida’s insurance consumer advocate office told...
Looking to Increase Your Bottom Line During This Soft Market?
Aug 12 2008 // For over 16 years, MGA’s and Carriers have trusted QualCorp for their Rating and Policy Issuance Software. Their flagship product – FormsPlus – automates all lines of business for both admitted and...
A.M. Best Rates Florida-based PURE Group of Insurance Companies
Aug 8 2008 // A.M. Best Co. assigned a financial strength rating of A- (Excellent) and issuer credit ratings of “a-” to The PURE Group of Insurance Companies and its members: Privilege Underwriters Reciprocal Exchange and...
High Gas Prices Lead GEICO to Drop New York Auto Rate Hike
Aug 7 2008 // One of New York state’s largest auto insurers, GEICO, agreed to drop two requests for rate hikes after a plea by the state’s top regulator to consider the effect of high gas prices on customers’ driving...
Ohio Official Predicts Slight Increase in Auto Insurance Rates
Aug 6 2008 // An Ohio official is forecasting slight increases in auto insurance rates through the end of this year and larger increases in homeowners premiums. State Insurance Director Mary Jo Hudson revealed the prediction on August 4...
Louisiana Citizens Rate Increase Delayed
Aug 6 2008 // Louisiana Citizens Property Insurance Corp. policyholders won’t see planned rate increases for at least two months because the agency can’t get a quorum on its board to approve the measure. Premiums had been...
Florida Farm Bureau’s Proposed Rate Hike Meets Disapproval
Aug 5 2008 // Florida Insurance Commissioner Kevin McCarty said the Office of Insurance Regulation issued a notice of intent to disapprove the June 20 rate filing submitted by Florida Farm Bureau Insurance Companies – Farm Bureau...
Premiums, Net Income Decline for Safeco in Q2
Jul 29 2008 // Seattle, Wash.-based Safeco’s net income dropped nearly $37 million in the second-quarter 2008 over the same time period in 2007, the company reported today. For the second-quarter 2008, Safeco posted net income of...
A.M. Best: Med-Mal Leads Captives’ Premium Decline
Jul 28 2008 // Falling medical malpractice premiums led to a 15 percent drop in net premiums written between 2006 and 2007 for a composite of captive insurance companies, but captives overall benefited from favorable underwriting...
Mich. Group Debates State Advocate’s Charge That Auto Rates Too HIgh
Jul 17 2008 // A charge leveled on July 16 by Michigan’s insurance advocate that auto rates are too high fails to mention that the state’s auto insurance benefits are the best in the nation, one insurance trade group...
Munich Re of Africa Reports Premium, Profit Growth
Jul 8 2008 // Munich Reinsurance Co. of Africa – the largest reinsurer in Sub-Saharan Africa – posted positive underwriting results for 2007. MRoA announced a 25.4 percent increase in gross premium income to R3, 2billion,...
Find a Silver Lining in the Soft Market
Jul 7 2008 // Strategies From ‘Best Practices’ Agencies Searching for ways to survive and thrive in the soft market cycle? Cultivate untapped customer markets; proactively service renewals; use technology for efficiency and...
Find a Silver Lining in the Soft Market
Jul 7 2008 // Strategies From ‘Best Practices’ Agencies Searching for ways to survive and thrive in the soft market cycle? Cultivate untapped customer markets; proactively service renewals; use technology for efficient...
Florida Rejects Farm Bureau 30% Property Insurance Rate Hike Again
Jul 2 2008 // Florida Insurance Commissioner Kevin McCarty has officially adopted the ruling of an administrative law judge who rejected a 30.3 percent property insurance rate increase sought by Florida Farm Bureau. “Rulings like...
