Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
D&O liability premiums fall for second straight year, study says
Apr 3 2006 // Directors and officers liability insurance average premium continued to decline in 2005, dropping by 9 percent last year after a 10 percent decline in 2004, according to the “D&O Liability 2005 Survey on Claims...
Aon Global Market Property Tracker Shows Rates Still Falling
Mar 28 2006 // According to Aon’s first “Global Market Property Tracker” the “slide in international property insurance rates” appears to be continuing despite “a number of terrorism incidents around...
California Proposes Decrease in Workers Comp Pure Premium Rates
Mar 24 2006 // The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) Governing Committee has approved the filing of a 16.4 percent decrease in advisory pure premium rates to be effective July 1, 2006, on new and...
The Doctors Company to Reduce Malpractice Premiums in Texas by 18%
Mar 23 2006 // California-based medical malpractice insurance provider, The Doctors Company, reported that premiums for new and renewing policyholders in Texas will drop by an average of 18 percent beginning April 1, 2006, for new...
Texas, Louisiana surplus lines premium decreases in 2005
Mar 20 2006 // Insurance Journal South Central–Arkansas, Louisiana, Oklahoma and Texas–vary widely in the amount of premium written in any given year. Texas has the biggest surplus lines market, followed by Louisiana,...
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...
