Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
Hawaii’s Largest Insurer, HMSA, Plans Rate Hike
Mar 31 2008 // Haeaii’s biggest health insurer wants to hike health insurance premiums by more than 12 percent next year, the biggest increase in nearly two decades. The proposed rate hikes would affect 144,000 members and...
Benfield Inc to address Soft Market Impact on Program Business
Mar 21 2008 // Wilmington, DE – March 2008 – The Target Markets Program Administrators Association announced today that the Association’s Strategic Partner Benfield Inc. will be collecting data from TMPAA Program...
Aon Says Failures May Increase Premiums for Space Vehicles
Mar 21 2008 // The failures of the Sea Launch rocket carrying the NSS-8 satellite, the Proton carrying JCSat 11 and the recent failure of the Proton rocket carrying the AMC-14 satellite, could cause space insurers to increase premiums by...
5 Years Later, Ohio Has Falling Insurance Rates; Fewer Obstetricians
Mar 20 2008 // When Bobbie Cameron became pregnant with her third child, she reluctantly chose a new doctor to oversee her care. Her longtime physician had dropped out of the birthing business because of soaring malpractice insurance...
Farmers Files Homeowners Rate Increase in Texas
Mar 18 2008 // Stating it’s the first rate change in two years for its “Texas Family Home Policy,” Farmers Insurance Group, through Texas Farmers Insurance Company, filed a rate increase for the policy with the Texas...
As the Soft Market Continues, Calif. Wholesalers Seek Specialty Niches
Mar 10 2008 // Relationships with agents, brokers and regulators critical to CIWA members The members of the California Insurance Wholesalers Association (CIWA) play a vital role in the state’s insurance market. To find out how...
Colorado Auto Rates Down, Study Shows
Mar 10 2008 // Car insurance rates for Colorado drivers on average have dropped 35 percent since the state changed its auto insurance system nearly five years ago, according to an independent study released by Gov. Bill Ritter’s...
Aon Study Finds Aerospace Premiums Down by 11%
Mar 7 2008 // Aon’s recently published “Aerospace Insurance Market Review 2007” highlights the year’s “soft market driven by high capacity and historically low claims.” Aon determined that the...
N.C. Auto Insurance Companies Ask for 13% Rate Hike
Mar 4 2008 // The North Carolina Insurance Commissioner received the annual auto insurance rate filing from the North Carolina Rate Bureau, according to Insurance Commissioner Jim Long. The Bureau, which represents the auto insurance...
