Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Calif. Surplus Lines Premiums Down 11%
Aug 9 2007 // The Surplus Line Association of California is reporting that premiums in the Golden State are trending down. According to the group, “premiums processed in the first three months of 2007 decreased by 11.75 percent....
Q2 Net Income, Premiums Down at Safety Insurance Group
Aug 6 2007 // Safety Insurance Group, Inc. reported that its second quarter net income was $22.9 million, or $1.42 per diluted share, compared to $29.1 million, or $1.81 per diluted share, for the comparable 2006 period. Net income for...
S.C. wind pool rates rise 35%
Aug 6 2007 // Rates for the South Carolina Wind and Hail Underwriting Association went up an overall 35 percent beginning July 19 under an approval from Scott H. Richardson, director of the South Carolina Department of Insurance. In...
Farmers rethinks homeowners rate hike in Texas
Aug 6 2007 // Texas regulators indicated they would turn down a proposal by Farmers Insurance for a 6.6 percent statewide increase in homeowners rates, so in late July 2007, the company said it will revise its plan. Ben Gonzales, a...
Agents capitalize on soft market opportunities when buying E&O
Aug 6 2007 // Jim Armitage of California and Jonathan Geib of Tennessee are among the numerous independent agents who are looking for higher professional liability limits, and why not. Soft market conditions prevail in today’s...
S.C. wind pool rates rise 35%
Aug 6 2007 // Rates for the South Carolina Wind and Hail Underwriting Association went up an overall 35 percent beginning July 19 under an approval from Scott H. Richardson, director of the South Carolina Department of Insurance. In...
Declining Traffic Deaths Lead to Lowest Highway Fatality Rate Ever Recorded
Jul 24 2007 // The number of people who died on the nation’s roads fell last year, leading to the lowest highway fatality rate ever recorded and the largest drop in total deaths in 15 years, U.S. Transportation Secretary Mary E....
State Rejects Fla. Farm Bureau Home Insurance Rate Increase
Jul 23 2007 // The state will deny a planned home insurance rate increase by Florida Farm Bureau’s two property insurance companies, which have about 140,000 homeowners policies, the Office for Insurance Regulation said. Florida...
S.C. ‘Wind pool’ Insurance Rates Likely to Rise
Jul 23 2007 // Insurance rates for people along the South Carolina coast who can’t find regular coverage for hurricane and wind damage will likely be going up this fall, although the amount of the increase has not been...
Premium Growth: Top 25 P/C premium gainers for first quarter 2007
Jul 23 2007 // I am certain that Erik Erikson, Stella Chess and Jane Whitbread were not thinking of the insurance industry when they wrote this but they could have been. The 25 property/casualty insurers with the largest increase in...
Farmers Pulls Plan for Homeowners Rate Hike in Texas
Jul 18 2007 // Farmers Insurance will revise its plan for an increase in homeowners rates because Texas regulators indicated they would turn down its initial proposal, officials said. Farmers, the third largest home insurer in Texas,...
Willis Index Shows Soft Market in U.K. for Financial and Professional Lines
Jul 17 2007 // Rates continued to decrease in the second quarter of 2007 across all financial, executive and professional lines of insurance, according to a survey of London market insurers by Willis Group Holdings (NYSE: WSH), the...
Calif. workers’ comp written premiums down 17%
Jul 2 2007 // The Workers Compensation Insurance Rating Bureau of California has released the results of its report summarizing insurer loss and premium experience through March 31, 2007. According to the report: “California...
Calif. workers’ comp written premiums down 17%
Jul 2 2007 // The Workers Compensation Insurance Rating Bureau of California has released the results of its report summarizing insurer loss and premium experience through March 31, 2007. According to the report: “California...
Crist: Fla. Home Insurance Rates Haven’t Fallen as much as Hoped
Jun 28 2007 // Gov. Charlie Crist knows a new law hasn’t cut home insurance rates as much as he and consumers had expected. Crist said some insurance companies have not filed for rates as low as he had hoped after lawmakers changed...
State Farm Announces Rate Decrease for W. Va. Homeowners
Jun 25 2007 // Just weeks after announcing an automobile insurance rate decrease, State Farm Insurance, the largest insurance provider in West Virginia, says it also will lower rates statewide for home insurance. The average West...
Calif. Workers’ Comp Written Premiums Down 17% in Q1
Jun 20 2007 // The Workers Compensation Insurance Rating Bureau of California has released the results of its report summarizing insurer loss and premium experience through March 31, 2007. According to the report: “California...
Calif. State Fund files 11% premium decrease
Jun 18 2007 // California’s State Compensation Insurance Fund announced it filed for an 11 percent average decrease in collectible premium for its July 1, 2007, workers’ compensation insurance rates. The new rates will affect...
Brokers’ stock prices up 8%; 23 M&As posted in April and May
Jun 18 2007 // Stock Prices: Overall, brokers’ stocks have performed well year-to-date, up 8 percent. A strong contributor to the stock price increase is the merger and acquisition premium related to the high prices private equity...
Nevada Doctors Exchange Proposes 15 Percent Rate Reduction
Jun 8 2007 // The Independent Nevada Doctors Insurance Exchange has proposed a 15 percent rate decrease for medical professional liability in Nevada, according to the state’s Insurance Division. If approved by the DOI, the rate...
