Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Commercial lines prices up 7%; carriers reap benefits of higher renewals
Nov 19 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...
Commercial premiums, except coastal property, continue to fall
Nov 19 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...
Texas Commissioner Agrees to Windstorm Rate Hikes
Nov 16 2006 // Although not as substantial as those sought by the Texas Windstorm Insurance Association, Texas Insurance Commissioner Mike Geeslin signed an order on Nov. 15 giving TWIA rate hikes of 3.7 percent for commercial property...
La. State Insurance Program to Seek rate Increases
Nov 15 2006 // Louisiana Citizens Property Insurance Corp., the state’s insurer of last resort, wants to increase homeowners rates by an average 31.7 percent for its 135,000 policyholders. Citizens, the third-largest insurer in the...
Ohio Department Says Malpractice Insurance Rates Decrease for Docs
Nov 10 2006 // Four of the state’s five largest medical malpractice insurers have revised their rates to produce an average decrease of almost 2 percent for Ohio doctors this year, following years of increases, the Ohio Department...
Allstate Floridian Reduces Rate Increase Request
Nov 10 2006 // Allstate Floridian Insurance, the state’s third largest home insurer, is lowering its proposed rate increase in the face of resistance from state regulators. The company said that it was still seeking a rate...
Commercial Premiums, Except Coastal Property, Continued Falling in 3Q
Nov 7 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...
Consumer group says property-casualty rates drop ‘irrespective’ of tort reform enactment
Nov 6 2006 // There is continuing evidence that the skyrocketing insurance rates of 2000 to 2003 have led to record industry profits, but commercial insurance rates have stabilized or dropped in almost every sector, including medical...
Calif. auto body regulations would increase rates
Nov 6 2006 // California policyholders would see their automobile insurance premiums increase, under proposed Department of Insurance regulations that mandate payments to auto body shops for insured repair work, according to three...
Survey: Commercial market softens, insurer appetite increases
Nov 6 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...
Survey: Commercial market softens, insurer appetite increases
Nov 5 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...
Consumer group says property-casualty rates drop ‘irrespective’ of tort reform enactment
Nov 5 2006 // There is continuing evidence that the skyrocketing insurance rates of 2000 to 2003 have led to record industry profits, but commercial insurance rates have stabilized or dropped in almost every sector, including medical...
Consumer Group Says P/C Rates Drop ‘Irrespective’ of Tort Reform Enactment
Oct 26 2006 // The latest insurance industry data show continuing evidence that the skyrocketing insurance rates of 2000 to 2003 have led to record industry profits but commercial insurance rates have stabilized or dropped in almost...
Rate Reductions Approved for MiniCo Self-Storage Program
Oct 26 2006 // MiniCo Insurance has received approval for rate reductions in seven states for self-storage risks eligible for the MiniCo self-storage specialty insurance program. The seven states are Idaho, Indiana, Iowa, Kansas,...
Rate Reductions Approved in Midwest for MiniCo Self-Storage Program
Oct 25 2006 // Mike Schofield, president of Phoenix, Ariz.-based MiniCo Insurance, recently announced that the company has received approval for rate reductions in seven states for self-storage risks eligible for the MiniCo self-storage...
Pricing plays catch-up with evolving homeowners market
Oct 23 2006 // Many single-family homes today look more and more like grand estates than the simple boxy houses with attached garages that were abundant not so long ago. Homes are much larger and more customized compared to 20 or 30...
Survey: Commercial Market Softens, Insurer Appetite Increases
Oct 19 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...
S.C. Workers’ Comp Said to be in Crisis as Rates Rise Again
Oct 13 2006 // Workers compensation loss costs may increase by 18.4 percent for businesses in South Carolina effective Dec. 1, 2006. Robert Herlong, vice president and regional manager for Property Casualty Insurers of America, said...
Soft Market, Globalization Spurs Need for Well-Educated D&O Underwriter
Oct 6 2006 // “Today it’s a tough time to be a director and officer, and that means it’s a tough time to be a D&O underwriter,” according to Doug Poetzsch, senior vice president, head of specialty claims for...
