Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Medical Protective Decreasing Medical Malpractice Rates in Nevada
Dec 28 2006 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved revised classification relativities filed by the Medical Protective Co. for physicians and surgeons. The revised factors contemplate an average 5.4 percent...
Drunk Driving Death Rates Declined in 23 States Last Year
Dec 26 2006 // Drunken-driving deaths declined slightly across the nation in 2005, and the rate of drunken-driving deaths fell in 23 states, according to transportation officials. The National Highway Traffic Safety Administration...
National Council on Compensation Insurance proposes increase for workers’ comp loss cost rates
Dec 25 2006 // The National Council on Compensation Insurance has submitted a filing for an average increase of 3.4 percent for workers’ compensation voluntary insurance loss costs in Nevada, according to state Insurance...
2006: Soft market offers up many new insurance products
Dec 25 2006 // E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically...
National Council on Compensation Insurance proposes increase for workers’ comp loss cost rates
Dec 24 2006 // The National Council on Compensation Insurance has submitted a filing for an average increase of 3.4 percent for workers’ compensation voluntary insurance loss costs in Nevada, according to state Insurance...
Rating commission also denies rate hikes for La. Citizens
Dec 24 2006 // 10 No rule change for Allstate in La. 11 ID theft warning in Okla. AG cites scam targeting customers of Ketchum bank 11 Agents selling federal flood policies must have training Ark. reminds producers of their...
Report: Growth in Health Premiums Outpaces Earnings in Wyoming
Dec 20 2006 // Health care premiums grew about six times faster than earnings for Wyoming workers from 2000 to 2006, according to a report issued Monday by a consumer group. Families USA found that annual premiums for family health care...
Workers’ Comp Loss Costs, Assigned Risk Rates Going Down in N.H.
Dec 20 2006 // The New Hampshire Insurance Department has approved a workers’ compensation voluntary loss cost decrease of 0.9 percent on average along with a reduction in assigned risk rates of 0.6 percent. The new figures go into...
Insurance Safety Group: Death Rates in Minicars More Than Double Rates in Other Cars
Dec 19 2006 // Driver death rates in minicars are higher than in any other vehicle category and more than double the death rates in midsize and large cars, a new study shows. For the first time, the Insurance Institute for Highway Safety...
CA State Fund files rate decrease
Dec 11 2006 // California’s State Compensation Insurance Fund is calling for a 9 percent average decrease in collectible premium in its latest filing of workers’ compensation rates for 2007. The new rate will affect new and...
Texas commissioner approves TWIA rate hike
Dec 11 2006 // Although not as substantial as those sought by the Texas Windstorm Insurance Associa-tion, Texas Insurance Commis-sioner Mike Geeslin signed an order on Nov. 15 giving TWIA rate hikes of 3.7 percent for commercial property...
A 268% hike in commercial insurance rates from the
Dec 10 2006 // state’s high-risk pool is slowing recovery for small businesses on the Mississippi Gulf Coast.
8 Texas commissioner allows windstorm rate hike
Dec 10 2006 // Although welcome, some think it’s not enough 9 Louisiana’s special session Despite protests, governor calls for 10-day session 10 Judge says water may be covered in New Orleans canal case Ambiguities in...
Typical Auto Insurance Premium to Fall in 2007 Due to Anti-Fraud Efforts, Fewer Claims
Dec 6 2006 // The typical U.S. driver will pay less for auto insurance in 2007 than in 2006, with the average premium expenditure expected to drop by 0.5 percent, reported the industry-backed Insurance Information Institute. The average...
Health Premium Hikes Tied to Costly Specialty Drugs
Dec 6 2006 // Expected health insurance premium increases of between 8 and 13 percent in Massachusetts are being driven more than ever by the costs of expensive specialty drugs, according to officials from some of the state’s...
Calif. State Fund Files Average 9 Percent Premium Decrease
Nov 28 2006 // California’s State Compensation Insurance Fund is calling for a 9 percent average decrease in collectible premium its latest filing of workers’ compensation rates for 2007. The new rate will affect new and...
Delaware Approves Home, Auto Insurance Rate Reductions
Nov 20 2006 // Delaware Insurance Commissioner Matt Denn has approved insurance rate cuts for State Farm homeowner policies as well as for private passenger auto policies from three AIG companies, from Harleysville Insurance and from...
N.Y. workers’ comp trusts: rising prices and broker concerns
Nov 20 2006 // N.Y. workers’ comp trusts: rising prices and broker concerns The inadequate rates that many of New York’s workers’ compensation self-insured trusts charge may increase effective Jan. 1, 2007 due to...
Commercial premiums, except coastal property, continue to fall
Nov 20 2006 // Commercial insurance premiums fell slightly in the third quarter of this year, representing a continuation of the trends that occurred in the past two quarters, according to the RIMS Benchmark Survey, which surveys current...
Commercial lines prices up 7%; carriers reap benefits of higher renewals
Nov 20 2006 // Stock Prices: Commercial lines stock prices were up 7 percent through the first nine months of 2006. In October, insurers reported dramatic changes from 2005 third quarter earnings that were dominated by catastrophe losses...
