Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Study: Tort reforms reduce med-mal premiums
May 22 2006 // Tort reforms are the best proven instrument for reducing medical liability insurance premium growth, according to a new study conducted by Stanford University Professor Daniel P. Kessler, JD, PhD, who also serves as a...
Getting tough in a soft market
May 22 2006 // We waited many years for a hard insurance market to get here, and it appears that to a large extent it is already over. While rates and premiums still appear to be at adequate levels, most lines of business appear to have...
Despite catastrophe losses, soft pricing continues in commercial insurance market, buyers report
May 22 2006 // Although property and general liability insurance rates increased in the first quarter of 2006, all indications point to a continuing soft commercial insurance market, according to the Risk and Insurance Management Society...
Minnesota Life Group Claims Double Digit Premium Growth in 2005
May 18 2006 // For the eighth consecutive year, Minnesota Life Group Insurance premium and policy fee income increased by double digits, according to a written statement issued by the St. Paul-based company. The growth rate in 2005 was...
Three Companies Get Homeowners Rate Hikes in La.
May 18 2006 // The Louisiana Insurance Rating Commission has approved rate increases of less than 19 percent for three homeowner insurance companies. The largest of the increases, an 18.7 percent increase for 13,461 policyholders, went...
Insurance Economist Predicts Profitable 2006, Sees Premium Growth Grinding to a Halt
May 18 2006 // The last 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is quite good overall, according to Robert P. Hartwig, Insurance Information Institute senior vice president and chief...
State Farm Seeks Homeowners Rate Increase in Florida
May 15 2006 // State Farm Insurance Co. is seeking to boost premiums by an average of about 70 percent in Florida, the company said Friday. If approved by state regulators, the increase would be effective Aug. 15. The Bloomington,...
Premiums, Income Down for Mich.-based North Pointe in Q1
May 12 2006 // North Pointe Holdings Corporation, Southfield, Mich., reported financial results for the first quarter ended March 31, 2006. According to the company, gross premiums written amounted to $45.6 million in the first quarter...
South Carolina Car Theft Rate Continues to Rise
May 12 2006 // The number of vehicles stolen in South Carolina has risen for the seventh year in a row. According to the National Insurance Crime Bureau’s (NICB) annual report on auto theft rates, Hot Spots, there were nearly...
Despite Hurricane Losses, Soft Insurance Market Continues
May 9 2006 // Although property & general liability insurance rates increased in the first quarter of 2006, all indications point to a continuing soft commercial insurance market according to the Risk and Insurance Management...
Effort Begins to Educate Californians about Pending Auto Insurance Rate Increases
May 8 2006 // A group of local elected officials, chambers of commerce, tax groups and insurance companies announced that Californians to Stop Unfair Rate Increases (CSURI) will begin distributing educational information to Californians...
21%, 91%, 51% Rate Hikes Requested; S. Fla. Hearings Scheduled
May 3 2006 // The Florida Office of Insurance Regulation has scheduled rate hearings in May for three carriers, Hartford Insurance Co. of the Midwest, Florida Peninsula Insurance Company, and United Property and Casualty. Hartford...
James River: 45% Jump in Premiums; Comp Loss; Call Today
May 3 2006 // James River Group, Inc. in Chapel Hill, N.C., announced financial results for the quarter ended March 31, including net income of $6.8 million compared to $4.6 million for the first quarter of 2005; an overall combined...
Miss. Wind Pool to Request Up to 400 Percent Rate Increase
Apr 26 2006 // Administrators of the Mississippi state wind pool, the insurer of last resort for a growing number of Hurricane Katrina victims, will be requesting a 400 percent increase in its rates, an attorney for the Mississippi...
Louisiana Approves Rate Hikes for Allstate, Other Insurers
Apr 20 2006 // Louisiana’s second-largest insurer has received permission to boost homeowners’ rates an average of 20.6 percent for nearly half its customers, while the remainder will see rates rise an average of 9...
W.Va.’s Reversal of Workers’ Comp Policy Could Increase Rates
Apr 17 2006 // The sole workers’ compensation insurer in West Virginia says it will seek a rate increase as a result of Gov. Joe Manchin’s reversal of a state policy that limited benefits to widows and widowers of people who...
Fla. condo owners face possible Citizens rate hike
Apr 17 2006 // Citizens Property In-surance Corp. plans to seek a rate increase for commercial residential associations, primarily condos, to keep up with increasing premiums in the private market. Citizens writes wind coverage for...
Declining rates fuel stand-alone terrorism market
Apr 17 2006 // With the exception of a few notorious hotspots, rates for stand-alone terrorism insurance have dropped by 40 to 50 percent since 2002, according to Aon’s Crisis Management division. The reductions have been driven by...
Nationwide: Survey Shows Fuel Prices Drive Increased Motorcycling
Apr 10 2006 // According to a recent survey, Nationwide Mutual Insurance Co. predicts that 35 percent of motorcyclists will ride their bikes more over the next year as a result of fuel prices. A written release issued by the Columbus,...
Declining Rates, Increasing Demand Fuel Stand-Alone Terrorism Market
Apr 6 2006 // With the exception of a few notorious hotspots, overall rates for stand-alone terrorism insurance have dropped by 40-50 percent since 2002, according to an update on the market by Aon’s Crisis Management Division....
