Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
New York Agents See Hard P/C Insurance Market Lingering
Dec 20 2004 // Independent agents and brokers in New York see premium rates continuing to increase and coverage choices failing to improve for most lines of property casualty insurance in the state despite industry and press reports to...
HOMEOWNER PREMIUMS TO RISE:
Dec 20 2004 // Florida homeowners can expect an 8.3 percent statewide increase in the cost of homeowner’s insurance according to Bob Lotane, spokesman for the Florida Office of Insurance Regulation. He said worst hit areas will...
Mich. Gov. Granholm Says Business Climate to Benefit From Reduction in Workers’ Comp Rates
Dec 17 2004 // Michigan Gov. Jennifer Granholm on Friday announced that Michigan’s business climate will benefit from an expected drop in the Workers’ Compensation insurance rates by an average 11.2 percent in 2005. Granholm...
PCI Praises Flex-Rating Law for Reducing S.C. Homeowner’s Rates
Dec 17 2004 // South Carolina’s new flex-rating law for personal lines property insurance is already helping to bring lower premiums to many homeowners, according to the Property Casualty Insurers Association of America...
State Farm to Reduce Tenn. Auto Rates
Dec 16 2004 // Almost a million motorists in the volunteer state will soon pay less for their car insurance. State Farm has announced they it will lower insurance rates for drivers in Tennessee by an average of 2 percent in 2005. Overall...
Analysts Predict Slowing of P/C Premium Growth in 2005
Dec 10 2004 // Each year the Insurance Information Institute (I.I.I.) invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the current and coming year. The survey reveals...
N.Y. Agents’ Survey Sees Lingering Hard Market
Dec 9 2004 // Independent agents and brokers in New York see premium rates continuing to increase and coverage choices failing to improve for most lines of property casualty insurance in the state despite industry and press reports to...
D&O Premiums Decline for First Time Since 1999; Hard Market to Return by 2006 Predicts Tillinghast
Dec 7 2004 // Tillinghast’s Directors & Officers (D&O) liability insurance premium index dropped 10 percent from 2003 to 2004, the first decline since 1999, according to the 2004 Directors & Officers Liability...
Nov. Composite Rate Increase for P/C Stays at 2%
Dec 6 2004 // According to MarketScout, the November composite rate increase for property and casualty insurance remained at 2%. Richard Kerr, chairman and CEO of MarketScout (www.marketscout.com) commented, “We expect the market...
STATE FARM HIKES FLA. HOMEOWNER RATES 5 PERCENT:
Dec 6 2004 // State Farm Florida Insurance Co. has requested permission from the State Insurance Commission to increase rates 5 percent on all its homeowner and condominium policies due to what it calls, the higher costs of doing...
Garamendi Recommends 2.2% Reduction in WC Pure Premium Rates
Dec 6 2004 // California Insurance Comm-issioner John Garamendi called for a 2.2 percent reduction in pure premium rates for workers’ compensation insurance in a Nov. 17 conference call to the media. “My current advice to...
IIAT Reports Homeowners Rates Down in Texas, Coverage Improved
Dec 3 2004 // Homeowners who buy insurance from independent insurance agents in Texas should be seeing lower premiums and better coverages, according to the Independent Insurance Agents of Texas. The claim is based on results of a...
Swiss Re Insurance Review Sees Continued Profits; Slower Premium Growth
Dec 2 2004 // Swiss Re held its annual review and outlook on insurance markets in London yesterday, Dec.1. Looking to the future, the company predicted that the life and non-life industry’s 2004 return to profitability would...
Floridians Can Anticipate State-wide Premium Hikes
Nov 30 2004 // Florida homeowners can expect an 8.3 percent statewide increase in the cost of homeowner’s insurance, Bob Lotane, spokesman for the Florida Office of Insurance Regulation told the Bonita News. He said worst-hit areas...
California’s SCIF Files an Average 5% Rate Decrease
Nov 29 2004 // State Compensation Insurance Fund announced it has filed with the California Department of Insurance an average rate decrease of 5 percent on new and renewal workers’ compensation policies with renewal dates on or...
TDI Takes Moves Against State Farm Lloyds, Farmers Insurance Group to Update Rates
Nov 24 2004 // The Texas Department of Insurance (TDI) is reportedly taking steps to initiate new actions against State Farm Lloyds and Farmers Insurance Group in an effort to bring those insurers’ homeowners insurance rates into...
Wash. L&I Adopts 3.7% Workers’ Comp Rate Increase
Nov 23 2004 // The Washington Department of Labor and Industries finalized an average 3.7 percent rate increase for workers’ compensation insurance in 2005. The increase takes effect Jan. 1 and will raise an additional $52 million...
Texas Judge Strikes Down Rate Rollbacks for State Farm, Farmers
Nov 22 2004 // TDI, Lt. Governor vow to continue efforts on behalf of homeowners. A state district judge in Texas on Nov. 8, 2004, overturned mandated rate rollbacks in homeowners insurance for State Farm and Farmers insurance companies,...
OKLA. OKs MED-MAL RATE HIKE:
Nov 22 2004 // The Oklahoma Insurance Department approved a rate increase for medical professional liability carrier NCMIC Insurance Co. NCMIC applied for a rated increase in August 2004. It sought a rate increase of 23.2 percent with an...
PXRE Group Prices $125 Million Equity Offering
Nov 19 2004 // Bermuda-based PXRE Group Ltd. announced that it has priced a public offering of 5,251,686 shares of common stock at $23.75 per share, consisting of 3,724,803 shares offered by the Company and 1,526,883 shares offered by...
