Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
RATE HIKES IN LOUISIANA:
Oct 11 2004 // Some southern Louisiana residents will see average rate hikes of 27 percent for homeowners insurance and some may pay 50 percent more, as a result of the Louisiana Insurance Rating Commission’s approval of a new...
N.J. Eyes Reducing Urban Auto Rate Subsidies – East – Sept. 17, 2004
Oct 11 2004 // When each company is permitted to develop its own area rating maps, slicing the state into as many as 50 unique pieces, it seems likely that chaos will follow. Yes, the rating territories need some serious tweaking to...
Fla. Homeowners’ Policies to be Reassessed, Double-Digit Rate Hikes Possible
Oct 4 2004 // The year ahead could be a shocker for homeowners in Florida, a state accustomed to skyrocketing insurance rates, due to the recent barrage of hurricanes that hit the state. To keep insurance companies in town and writing...
South Louisiana Homeowners Face Steep Rate Hikes
Oct 4 2004 // Homeowners in southern Louisiana who cannot obtain private insurance face average rate hikes of 27 percent to get coverage, although some may pay 50 percent more, according to reports from The Advocate and the Associated...
MarketScout: Property Market Halts Rate Reductions
Oct 1 2004 // MarketScout recently released its market barometer update for the month of September. According to Richard Kerr, chairman and CEO of MarketScout: “Estimated total insured losses for the 2004 hurricane season will...
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...
