Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
U.S. Personal Lines Insurers Trying To Maintain Profits In Softening Market
Dec 4 2007 // U.S. personal lines insurance sector is at a critical juncture, according to an article published by Standard & Poor’s Ratings Services. The article, which is titled “2008 U.S. Personal Lines Outlook: A...
Watson Wyatt: Property/Casualty Insurance Market to Remain Soft in 2008
Dec 2 2007 // The market for property and casualty insurance will stay soft in 2008, as premiums are expected to either decline or remain flat, according to actuarial and risk management experts at global consulting firm, Watson Wyatt...
Fla. Malpractice Insurance Rates Down Four Years After Limits Imposed
Dec 2 2007 // Four years ago, many Florida doctors threatened to quit their practices because their malpractice insurance premiums were spiraling out of control. Some doctors retired early, some moved out of state. A few briefly walked...
Florida Malpractice Insurance Rates Down 4 Years after Limits
Nov 25 2007 // Four years ago, many Florida doctors threatened to quit their practices because their malpractice insurance premiums were spiraling out of control. Some doctors retired early, some moved out of state. A few briefly walked...
Florida Regulators Deny Allstate Rate Increases
Nov 19 2007 // The Florida Office of Insurance Regulation issued Notices of Intent to disapprove five rate filings submitted by Allstate Floridian Insurance Co., Allstate Floridian Indemnity Co., Encompass Floridian Insurance Co., and...
Calif. Workers’ Comp Premium Rates Declining
Nov 18 2007 // The Workers Compensation Insurance Rating Bureau of California reported written premium for the first six months of 2007 at an estimated $6.9 billion, approximately 23 percent below the written premium reported for the...
New Players Enter the E&O Market … But Some Agents May Not See Rates Decline
Nov 18 2007 // Despite a rosier outlook in the agents’ errors and omissions (E&O) insurance market compared with years past, many insurance agents still faced rate increases in their E&O coverage in 2007 and anticipate...
Watson Wyatt: P/C Market to Remain Soft in 2008
Nov 16 2007 // The market for property and casualty insurance will stay soft in 2008, as premiums are expected to either decline or remain flat, according to actuarial and risk management experts at global consulting firm, Watson Wyatt...
Rate Increase OK’d for Texas Windstorm Insurance Association
Nov 16 2007 // Texas Windstorm Insurance Association policyholders’ rates will go up begining Feb. 1, 2008, as a result of rate increases approved by the Texas Department of Insurance yesterday. Texas Insurance Commissioner Mike...
Mercury General Net Premiums Down in Q3, But Up in Calif.
Nov 7 2007 // Mercury General Corp., reported net income of $63.3 million in the third quarter of 2007, compared with $68.2 million for the same period in 2006. For the first nine months of 2007, net income was $193.2 million compared...
W. Va.Counties Face Daunting Public Employee Insurance Rate Hikes
Nov 7 2007 // County officials statewide hope a series of public hearings that began Monday will highlight the threat a string of double-digit health care premium increases pose to their budgets. The 41 counties that cover their workers...
Calif. Workers’ Comp Insurance Rating Bureau: Premium Rates Declining
Nov 6 2007 // The Workers Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through June 30, 2007. According to the report, California written premium reported...
N.D. Regulator Approves 9.9 Percent Hike in Rates for Blues
Nov 5 2007 // Many of the 325,000 North Dakotans insured under Blue Cross Blue Shield will see a rate increase of just under 10 percent next year. Insurance Commissioner Adam Hamm said he approved the 9.9 percent increase after Blue...
Wyoming Occupational Injury Rates Decline
Nov 4 2007 // The rate of nonfatal occupational injury and illnesses in Wyoming is on the decline, according to a Survey of Occupational Injuries and Illnesses conducted by the Wyoming Department of Employment, Research and Planning,...
Calif. Aims for 5.2% Workers’ Comp Rate Increase
Nov 4 2007 // California’s Workers’ Compensation Insurance Rating Bureau has recommended that pure premium rates in the state be increased to 5.2 percent, instead of the 4.2 percent recommended earlier in September. In...
Calif. Approves AAA’s 6.5% Auto Rate Reduction
Nov 4 2007 // California Insurance Commissioner Steve Poizner along with officials from California State Automobile Association Inter-Insurance Bureau (CSAA-IIB, or AAA of Northern California) in Sacramento and San Francisco announced...
How to Beat the Soft Market Blues
Nov 4 2007 // The market for management liability coverages is soft. Premiums are down, which means revenues are down. Yet there still are tremendous opportunities for proactive agents and brokers to sell the coverages, according to...
Homeowners insurers not earning cost of capital despite modest rate increases
Nov 4 2007 // The countrywide prospective return on equity for the homeowners line of insurance for 2007 is 7.0 percent, up from 5.4 percent in 2006, according to an analysis by Aon Re Global, a unit of Aon Corp. The year-over-year...
Fla. Approves Workers’ Comp Rate Decrease
Oct 31 2007 // Florida insurance regulators approved the National Council on Compensation Insurance’s amended rate filing for workers’ compensation insurance rates. On Oct. 22, Insurance Commissioner Kevin McCarty ordered...
National Group Recommends Adoption of Rate Modernization Legislation
Oct 30 2007 // Kansas could become the ninth state to allow a modernized rating system for personal lines of insurance. A state task force studying rate modernization has issued a recommendation proposed by the National Association of...
