Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
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...
