Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Analysts See Increase in P/C Mergers Ahead; Rate Climate Top Challenge
May 5 2008 // Insurance equity analysts expect a significant increase in property/casualty mergers and acquisitions this year, according to findings of a global survey by Accenture. More than two-thirds (71 percent) of all P/C analysts...
Industry Douses Consumer Group Praise for Prior Approval of Auto Rates
May 5 2008 // A nationwide consumer study of automobile insurance regulation says that rates have risen more slowly over the past two decades in the 15 states that require insurers to receive advance approval of rate increases from the...
Consumer Group Alleges New Rules Will Raise Insurance Rates in Calif.
May 2 2008 // A consumer group this week accused California Insurance Commissioner Steve Poizner of adopting emergency regulations that would lead to higher rates for auto, homeowner and most other types of insurance coverage. In a...
California Court Denies Allstate’s Request to Avoid $250 Million Rate Reduction
Apr 25 2008 // A San Francisco judge has refused Allstate’s request to block a 15.9 percent automobile insurance rate decrease. According to the California Department of Insurance, the rate decrease should take effect immediately,...
Consumer Group Criticizes California’s Rate Approval Regulations
Apr 24 2008 // A consumer advocacy group is condeming California Insurance Commissioner Steve Poizner’s action in issuing emergency regulations governing the state’s prior approval insurance rate system. According to The...
Workers’ Compensation Rates Continue to Decline in Arkansas
Apr 24 2008 // Arkansas Insurance Commissioner Julie Benafield Bowman announced a decrease in workers’ compensation rates effective July 1, 2008. Since the passage of an all-encompassing workers’ compensation legislative...
In Midwest, Recession Makes Soft Market Even Tougher
Apr 22 2008 // When it comes to dealing with a recession, independent agents in Michigan carry the dubious distinction of having more experience than their counterparts in other Midwestern states. Michigan has been knee deep in a...
Recession, Soft Market Forcing Western Agents to Refocus
Apr 22 2008 // Whether the nation is in a true recession may still be up for debate, but it’s difficult to ignore the signs of economic slowdown throughout the West — and its effect on the insurance industry. New home...
Mississippi Wind Pool Rates Reduced
Apr 21 2008 // Mississippi Insurance Commissioner Mike Chaney approved an average 11 percent rate reduction filed by the Mississippi Windstorm Underwriting Association. The reductions vary according to geographic zones and go into effect...
Soft Market’s Effect on Premium Volume Doesn’t Have to Hinder Revenue
Apr 21 2008 // Soft market’s effect on premium volume doesn’t have to hinder revenue Premium volume may be down for independent agencies across the country but that doesn’t mean agency revenue is down for some of the...
Premium Growth: Top 25 P/C Premium Gainers in 2007 Versus 2006
Apr 21 2008 // President Calvin Coolidge noted that “All growth depends upon activity. There is no development physically or intellectually without effort, and effort means work.” That being the situation, the following 25...
Texas Regulators Explain State Farm Homeowners Rate Hike
Apr 14 2008 // In its “Straight Talk About Insurance” column on its Web site, the Texas Department of Insurance has updated information on the decision to approve an increase in State Farm Insurance Company’s homeowners...
Analysts See Increase in P/C Mergers Ahead; Rate Climate Change Top Issue
Apr 14 2008 // Insurance equity analysts expect a significant increase in property/ casualty mergers and acquisitions this year, according to findings of a global survey by Accenture. More than two-thirds (71 percent) of all P/C analysts...
Marsh Survey Finds Corporate Captive Growth Despite Soft Market
Apr 11 2008 // Marsh’s London office has issued a new “global benchmarking report,” which examines the use of captive insurance companies by today’s global firms. The report -“Next Generation Captives...
Mississippi Wind Pool Rate Reduction on the Horizon
Apr 11 2008 // Mississippi Insurance Commissioner, Mike Chaney, approved an average 11 percent rate reduction request filed by the Mississippi Windstorm Underwriting Association. The reductions will vary according to geographic zones and...
S&P Warns Soft Market Could Mean Downgrades for Commercial Insurers
Apr 9 2008 // The U.S. commercial lines property/casualty insurance “soft” pricing cycle will likely mean outlooks on some commercial lines insurers will be revised to negative in the second half of 2008, according to...
It’s the Soft Market, Stupid
Apr 7 2008 // It starts with the housing market. Then it seeps into construction, typically residential followed by commercial. Then it travels to manufacturing, then retail, then hospitality. It differs by region. It might be worse in...
In Midwest, Economic Downturn Makes Soft Market Even Tougher
Apr 7 2008 // In recession-battered Michigan and elsewhere, agents pursue opportunities despite market conditions When it comes to dealing with a recession, independent agents in Michigan carry the dubious distinction of having more...
It’s the Soft Market, Stupid
Apr 7 2008 // It starts with the housing market. Then it seeps into construction, typically residential followed by commercial. Then it travels to manufacturing, then retail, then hospitality. It differs by region. It might be worse in...
Take a P/C Soft Market, Throw in a Recession, and Stir
Apr 7 2008 // The P/C industry’s chief economist on how agents are affected when a recession coincides with a soft market The following interview with Robert Hartwig, president of the Insurance Information Institute, took place...
