Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
State Farm’s 9.1% rate hike in Texas rejected
Oct 27 2007 // Two administrative law judges in Texas on Oct. 5 rejected State Farm’s plan to increase homeowner insurance rates, calling the hike too excessive. State Farm Lloyds Inc. had appealed to the State Office of...
Premium Growth: Top 25 P/C premium gainers for first-half 2007
Oct 27 2007 // According to Gail Sheehy, growth demands a temporary surrender of security. Although it is unlikely she was speaking of property and casualty insurance industry marketshare when she made this comment, it seems to me that...
Fla. Workers’ Comp Rate Decrease not Enough for Commissioner
Oct 24 2007 // Florida Insurance Commissioner Kevin McCarty disapproved the National Council on Compensation Insurance’s latest rate filing for workers’ compensation insurance rates, due to become effective next year. McCarty...
Homeowners Insurers Not Earning Cost of Capital Despite Rate Increases
Oct 24 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...
Insure Montana May Cut Benefits to Reduce Premium Increase
Oct 24 2007 // The board that oversees a subsidized health-insurance plan for nearly 800 small businesses in Montana indicated it will try to hold down premium increases by cutting plan benefits. Jim Edwards, a member of the Insure...
Calif. Workers’ Comp Bureau Recommends Increasing Rates 5.2%
Oct 22 2007 // California’s Workers’ Comensation Insurance Rating Bureau has recommended that pure premium rates be increased to 5.2 percent, instead of the 4.2 percent recommended earlier in September. In September, WCIRB...
Insure Montana Premiums Could Go Up 32%
Oct 22 2007 // Small businesses with state-subsidized health insurance through the Insure Montana program face double-digit race increases next year, officials said. Blue Cross Blue Shield of Montana, the company that sells and...
Wyoming Occupational Injury Rates Decline
Oct 19 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,...
Texas District Judge Allows Allstate Texas Lloyd’s Rate Increase
Oct 17 2007 // On Oct. 15, Travis County District Judge Margaret Cooper ruled in favor of Allstate Texas Lloyd’s in the company’s quest to preserve an already-implemented homeowners rate increase. Cooper granted the...
