Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Farm Bureau gets OK to Hike Homeowners Rates in La.
Mar 17 2006 // Roughly 70,000 homeowners in areas hard hit by Hurricane Rita will face insurance hikes of 49 percent that were approved by Louisiana state regulators. The increase affects Louisiana Farm Bureau policyholders. The increase...
Hearings Slated in Davie, Fla. on Two Companies Requests for Rate Hikes
Mar 13 2006 // The Florida Office of Insurance Regulation will conduct public hearings in Davie concerning rate filings by Liberty Mutual Fire Insurance Company and Tower Hill Select Insurance Company. Liberty Mutual is proposing a...
SCOR Premium Income up 25%
Mar 6 2006 // France’s SCOR Group noted a 25 percent rise in worldwide premium income follwing the January renewal season. Non- life and credit & surety treaties totaled €1.041 billion ($1.256 billion). The reinsurer said...
Colo. wants industry to account for rising rates
Mar 6 2006 // The insurance industry came out strongly against a Colorado measure that would require it to disclose claims, payouts and rates, telling lawmakers a plan to increase regulation of their industry would drive up costs and...
Reinsurance treaty renewals show some premium increases
Mar 6 2006 // With the January renewal season now behind them, the world’s global reinsurers are collectively breathing a small sigh of relief. While premium increases in the U.S. met or exceeded expectations, especially along the...
S&P: Insurer Reserving For Soft Market Years Remains Problematic
Feb 24 2006 // Confidence in the reserve adequacy of U.S. insurers increased modestly for accident years 2003 and 2004, according to Standard & Poor’s, but the rating agency said insurers’ ability to attain adequate...
Reduced rates and renewed competition in Calif.
Feb 20 2006 // California workers’ compensation insurance rates are taking a turn for the better. Thanks to reform legislation, employers should have more access to reasonable rates. In fact, rates are roughly equivalent to 1995...
Munich Re January Reinsurance Treaty Renewals Show Rate Increases
Feb 15 2006 // Munich Re followed Swiss Re’s announcement yesterday (See IJ Web site Feb. 14) with its own upbeat report on the January reinsurance treaty renewal season. The world’s largest reinsurer said that as of Jan. 1...
Hearings Slated in Orlando, Fla. on American Strategic’s Rate Increases
Feb 13 2006 // The Florida Office of Insurance Regulation will conduct public hearings Monday in Orlando, Fla. concerning rate filings by American Strategic Insurance Corporation/ASI Assurance Corporation. American Strategic is proposing...
Insurers Reduce Rates for D.C. Taxis Under 6-Month Policies
Feb 8 2006 // Insurance rates for taxicabs in the Distrcit of Columbia are being reduced as the result of a more competitive market sparked by a change in policy duration. Acting Commissioner Thomas Hampton of the District of Columbia...
Ohio insurance department says malpractice premiums going down
Feb 6 2006 // The Ohio Department of Insurance recently said that years of escalating premiums for medical malpractice insurance for the state’s doctors may be coming to an end. For the first time in six years, an insurer is...
D&O EXCESS LIMITS UP BUT PREMIUMS DOWN
Feb 6 2006 // Directors and officers liability insurance capacity leveled off at about $1.5 billion in 2005, about where it was in 2004, while coverage restrictions continued to ease, according to D&O Liability 2005 Survey...
D&O excess limits up but premiums down
Feb 5 2006 // Directors and officers liability insurance capacity leveled off at about $1.5 billion in 2005, about where it was in 2004, while coverage restrictions continued to ease, according to D&O Liability 2005 Survey...
N.C. Auto Rates Decrease 2.5 Percent
Feb 3 2006 // An agreement has been reached between the North Carolina Rate Bureau and the Department of Insurance in which Commissioner Jim Long ordered a 2.5 percent decrease in auto rates. The approved rate level change for each...
New Orleans Levee Board Questions Premium Increase from St. Paul
Feb 1 2006 // The New Orleans Levee Board said this week it would review other options for its excess general liability coverage from St. Paul Travelers when it discovered the insurer wants to charge almost eight times more than the...
Hearings, Town Hall Meetings Slated to Discuss Citizens Rate Hikes
Feb 1 2006 // During two public hearings today South Florida homeowners will have a chance to voice their concerns about Citizens Property Insurance Corp.’s rising insurance rates. One hearing began at 10 a.m. Wednesday morning...
N.C. Case to Result in $404M Savings, 2.5 Percent Overall Auto Rate Decrease
Feb 1 2006 // North Carolina Insurance Commissioner Jim Long has signed an order requiring a 2.5 percent reduction in private passenger auto rates and a 6 percent reduction in motorcycle liability rates, effective May...
D&O Liability Premiums Fall for Second Straight Year, Tillinghast Survey Says
Jan 26 2006 // Directors and officers liability insurance average premium index dropped another 9 percent in 2005 after dropping 10 percent in 2004, while half of all public and private companies have received D&O inquiries from...
EPI Study Says Premium Jumps Mean Job Loss for Low-Skilled Employees
Jan 24 2006 // A study released Tuesday by the Employment Policies Institute (EPI) reveals that as the cost of insurance premiums rise, pressure on businesses to keep labor costs in check results in job loss and involuntary part-time...
Ohio Insurance Dept. Announces Malpractice Premiums Going Down
Jan 23 2006 // The Ohio Department of Insurance recently announced that years of escalating premiums for medical malpractice insurance for the state’s doctors may be ending. For the first time in six years, an insurer is lowering...
