Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
FBI Study: Violent, Property Crime Rates Decline
Jan 27 2008 // Crime rates dropped for the first time in two years, according to a newly released report of the most recent data collected by the Federal Bureau of Investigation. Nationwide, violent crime fell 1.8 percent and property...
Calif. Agents Brace for Rising Workers’ Comp Rates
Jan 27 2008 // In the largest survey of its kind, fewer than half of California’s 10,000 business insurance agents see California’s business economy improving, either for themselves or for their clients, in 2008. The study...
Physicians Insurance to Reduce Rates for Medical Malpractice in Washington
Jan 27 2008 // Washington’s largest writer of medical malpractice coverage for physicians and surgeons has reduced premiums for 2008 by 12.5 percent, following what appears to be a record-setting year of profits for the company in...
California Agents Brace for Rising WC Rates, Sluggish Economy
Jan 18 2008 // In the largest survey of its kind, fewer than half of California’s 10,000 business insurance agents see California’s business economy improving – either for themselves or for their clients – in...
Willis Energy Review Warns High Commodity Prices Increase Insurance Exposures
Jan 18 2008 // In its latest energy review, Willis warns that “sharp increases in the price of oil, steel, building materials and contractor day rates have resulted in significantly increased exposures to energy...
Commercial Lines Pricing Shows Modest Decrease from 2006 to 2007
Jan 17 2008 // Average prices for all lines of commercial insurance decreased 4 percent to 5 percent between 2006 and 2007, according to Towers Perrin’s commercial insurance pricing study. More specifically, the survey data for the...
FBI Study: Violent, Property Crime Rates Decline
Jan 13 2008 // Crime rates dropped for the first time in two years, according to a newly released report of the most recent data collected by the Federal Bureau of Investigation. Nationwide, violent crime fell 1.8 percent and property...
Contractors’ Insurance: The Hard Sell for the Soft Market
Jan 13 2008 // Selling Long-term Relationships over Short-term Savings For contractor Paige Smith of Neuse Tile Service Inc. in Youngsville, N.C., the increase in cold calls she is receiving from insurance agents is a sure sign of the...
Fla. Report: Workers’ Comp Rates Reduced 5 Times in 5 Years
Jan 8 2008 // On New Year’s Eve, the Florida Office of Insurance Regulation released its annual report on the state of the market for workers’ compensation insurance to the Florida Legislature. The report analyzes the...
Florida Rejects Travelers’ Homeowners Insurance Rate Increase
Dec 27 2007 // A proposed 4.6 percent average statewide increase for homeowners insurance by The Travelers Companies Inc., was rejected last week by Florida’s insurance commissioner. Kevin McCarty notified Travelers that its...
Agents Wish for More Stability, But Predict Soft Market Will Continue in 2008
Dec 23 2007 // Industry hopes for disaster solutions, federal terrorism insurance extension, regulation reform and more In 2007, buyers of insurance reaped in the rewards of a soft insurance market. But for agents and brokers the soft...
2007: Climate Change Dominates Debate While Soft Market Hits Entire P/C Market
Dec 23 2007 // The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of...
La. Insurance Regulatory Panel Approves Rate Hikes at Final Meeting
Dec 21 2007 // At its final meeting on Dec. 19, the Louisiana Insurance Rating Commission – which will officially be abolished next month – approved homeowners rate increases for two insurance carriers. The Legislature...
Midwestern States Fall Below National Average for Homeowners Premiums
Dec 19 2007 // A new National Association of Insurance Commissioners’ (NAIC) report shows Ohio homeowners and most Midwestern states pay some of the lowest homeowners insurance rates in the nation. The Ohio Department of Insurance...
State Farm Seeks 3.6% Homeowners Rate Hike in Texas
Dec 19 2007 // State Farm Insurance Co., the largest insurer of homes and cars in Texas, said it filed for an average 3.6 percent rate increase for its Texas homeowners’ insurance policies. The filing includes larger multi-line...
N.C. Coastal Towns Fear Change Will Increase Flood Insurance Rates
Dec 17 2007 // Some coastal residents could see a spike in their insurance rates because of a recent decision by the North Carolina Building Code Council. The council toughened the coastal housing code for wind-borne debris. The code now...
Farmers Insurance Wants Steep Rate Hike in Texas’ Gulf Counties
Dec 17 2007 // Farmers Insurance has indicated it wants to raise home insurance rates 20 to 30 percent along the Texas coast, while reducing rates in many other areas. The company’s rate filing with the Texas Department of...
Advocacy Group Challenges Liberty Mutual’s California Insurance Rates
Dec 11 2007 // The Greenlining Institute, a multi-ethnic advocacy organization, has fiiled a petition with the California Department of Insurance challenging Liberty Mutual Insurance Co.’s insurance rates. According to the advocacy...
Consumer Group Challenges Farmers Insurance’s California Homeowners Rate Increase
Dec 7 2007 // A California consumer group is challenging Farmers Insurance Co.’s request for a rate increase of 6.9 percent. The Foundation for Taxpayer and Consumer Rights (FTCR), in a petition filed Monday with the state...
Banks in Insurance Advance Despite Soft Market, Study Reports
Dec 4 2007 // Despite a soft property and casualty (P/C) insurance market, the top 100 banks in insurance made substantial gains in the past year, says a new report distributed by the Bank Insurance & Securities Association The...
