Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
KPMG Survey Says Executives Less Optimistic On Premium Growth, Industry’s Ability to Grow Margins
Sep 29 2004 // Even before the full impact of the recent hurricane activity is known, the majority of the 150 senior insurance executives surveyed are less optimistic about premium growth and the industry’s ability to increase...
N.H. Insurers Seek 2.5% Comp Rate Hike
Sep 22 2004 // Workers’ compensation writers in New Hampshire want an average 2.5 percent hike for voluntary market advisory loss costs and a 12.7 percent average increase for residual market premiums, according to the most recent...
Best Reports 28% Increase in Direct Premium Volume for Surplus Lines Industry By End of 2003
Sep 21 2004 // A special report released by A.M. Best Co. concludes that at the end of 2003, direct premium volume for the surplus lines industry increased by approximately 28 percent over the prior year, which followed an estimated 62...
Mass. Insurers’ Rate and Agents’ Commission Bids Add Up to 9.3%
Sep 20 2004 // A request by Massachusetts agents for a 32 percent boost in commissions brings the overall private passenger auto insurance rate hike sought by the industry for 2005 to 9.3 percent, up from the original 5.8 percent figure,...
WORK COMP RATE HIKE NOT NEEDED:
Sep 20 2004 // Oklahoma Gov. Brad Henry urged state regulators to reject a proposed increase in workers’ compensation insurance rates, citing a new actuarial report that indicates a rate hike is not necessary. Oklahoma Attorney...
WASH. L&I PROPOSES SMALL INCREASE IN WORKERS’ COMP RATES IN 2005:
Sep 20 2004 // Workers’ compensation premiums would increase an average of only 3.7 percent next year under a proposal issued by the Washington Department of Labor and Industries (L&I). The increase is the lowest in three...
N.J. Eyes Reducing Urban Auto Rate Subsidies
Sep 17 2004 // New Jersey urban residents may see their car insurance premiums rise under a state proposal that would give insurance companies more freedom to hike rates. The state Department of Banking and Insurance is considering a...
Washington L&I Sees Dramatic Increase in Recovery of Unpaid Work Comp Premiums
Sep 14 2004 // Three years after it launched an initiative to level the playing field among employers in the construction industry, the Department of Labor and Industries (L&I) has seen a dramatic increase in the amount of unpaid...
Wash. L&I Proposes Small Increase in Workers’ Comp Rates in 2005
Sep 9 2004 // Workers’ compensation premiums would increase an average of only 3.7 percent next year under a proposal issued by the Washington Department of Labor and Industries (L&I). The increase is the lowest in three...
NEW MEXICO’S MED-MAL RATES UP 9.8 PERCENT:
Sep 6 2004 // The Associated Press reported New Mexico medical malpractice insurance premiums have increased an average 9.8 percent this year, according to R. Kevin Clinton, president of American Physicians Capital Inc. Last year, rates...
YUMA HOMEOWNERS INSURANCE RATES COULD GO UP:
Sep 6 2004 // Insurance Services Office has lowered its rating on Yuma, Ariz.’s family home building codes, a move that could result in higher homeowners rates, according to the Associated Press. Yuma received a grade six grades...
Okla. Gov. Henry: Work Comp Rate Hike Unnecessary
Sep 2 2004 // Oklahoma Gov. Brad Henry is urging state regulators to reject a proposed increase in workers’ compensation insurance rates, citing a new actuarial report that indicates a rate hike is not necessary. The report in...
W. Va. Okays Rate Hike for Medical Malpractice Insurer
Aug 31 2004 // The Associated Press reported that an insurance company that had threatened to stop offering medical malpractice coverage to doctors in West Virginia has been granted a 9.5 percent rate increase, according to Gov. Bob...
Yuma Homeowners Insurance Rates Could Go Up
Aug 25 2004 // A national insurance organization has lowered its rating on Yuma, Arizona’s family home building codes, a move that could result in higher home insurance rates here. The Insurance Services Office reviewed the codes...
New Mexico’s Med-Mal Rates Up 9.8 Percent
Aug 16 2004 // The high cost of medical care just got higher. R. Kevin Clinton, president of American Physicians Capital Inc., told leaders of the New Mexico Medical Society that medical malpractice insurance premiums have increased an...
COMMISSIONER SAYS CALIF. WORK COMP RATES ARE GOING DOWN:
Aug 9 2004 // California Insurance Commissioner John Garamendi announced that workers’ compensation rate filings illustrate a downward trend, but still fall short of his pure premium rate advisory of minus 20.9 percent issued on...
NCCI Requests Work Comp Rate Hikes in Okla.
Aug 5 2004 // Worker’s compensation insurers operating in Oklahoma want a significant increase in the premiums they charge for coverage, the Associated Press and The Oklahoman reported. An industry group representing the companies...
WCIRB to Propose Increase in Pure Premium Rates in January 2005
Jul 22 2004 // The Workers’ Compensation Insurance Rating Bureau will propose a 3.5 percent average increase in the advisory pure premium rates for policies incepting on or after Jan. 1, 2005, based on an analysis of loss and loss...
Survey: Market Index Shows Continued Softening for Commercial P/C Market
Jul 21 2004 // The commercial property/casualty insurance market showed signs of continued softening in the second quarter of 2004, with one-third of the small accounts and more than half the medium and large accounts experiencing...
W.Va. Auto Rates Rising
Jul 20 2004 // West Virginians paid more for auto insurance in 2001 than people in all but 15 other states, according to statistics from the National Association of Insurance Commissioners, the Associated Press and the Charleston Gazette...
