Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
MarketScout: Robust Competition Across the Board with Reductions in Premiums, Brokers Compensation
Jun 10 2004 // Dallas-based MarketScout recently released its Market Barometer for May. Market Barometer for May MarketScout’s Market Barometer According to Richard Kerr, chairman and CEO, “The composite premium increase for...
Wyoming Med-Mal Rates on the Rise
Jun 7 2004 // Medical malpractice insurance rates are on the rise in Wyoming, and lawmakers anticipate being called into a special legislative session this summer to address the issue. The Doctors Co., which insures about 30 percent of...
WCIRB SUBMITS EVALUATION OF SB 899 AND PROPOSED REDUCTION IN PURE PREMIUM RATES:
Jun 7 2004 // At the California Department of Insurance (CDI) public hearing on May 13, the WCIRB submitted its July 1, 2004 regulatory filing reflecting the WCIRB’s analysis of the provisions of Senate Bill 899 and the impact of...
Insurance Commissioner Approves Rate Decrease for Auto Club Policyholders
Jun 4 2004 // Insurance Commissioner John Garamendi approved the Automoblie Club of Southern California’s filing to reduce its insurance affiliate’s policy premiums by five percent. The filing, officially made by the...
N.D. Comp Board Approves 6% Premium Hike
Jun 1 2004 // The North Dakota Workforce Safety and Insurance (WSI) board of directors has authorized a premium increase for workers’ compensation coverage beginning July 1, 2004, according to a WSI statement. The rate increase is...
California Commissioner Recommends 20.9 Percent Decrease in Workers’ Comp Rates
May 28 2004 // California Insurance Commissioner John Garamendi has recommended that California workers’ compensation insurers lower their rates by 20.9 percent for policies issued or renewed on or after July 1, 2004....
Zenith Files 10% Reduction in Calif. Workers’ Comp Rates
May 27 2004 // Zenith National Insurance Corp. reported that its wholly-owned subsidiary, Zenith Insurance Company, has filed with the California Department of Insurance its workers’ compensation rates for use on or after July 1,...
First Premium Insurance Group Unveils ‘Supplemental Natural Disaster Protection’
May 21 2004 // First Premium Insurance Group (FPIG) has introduced its new Supplemental Natural Disaster Protection (SNDP) program. The program pays directly to your insureds the monthly sum they select should their home become...
N.Y. Businesses ‘Stunned’ by 29% Comp Rate Hike Bid
May 21 2004 // A recommendation from the New York Compensation Insurance Rating Board (CIRB) to increase employers’ average workers’ compensation premiums by 29 percent is “stunning and frightening,” according to...
PIA Calls on All State Departments to Protect Returning U.S. Soldiers from Rate Hikes, Coverage Denials
May 19 2004 // The National Association of Professional Insurance Agents (PIA) on Wednesday called on the commissioners of insurance in all 50 states to immediately make it clear that no insurance company should deny auto coverage to...
Malpractice Rates Rise for Many Wyoming Doctors
May 17 2004 // One of Wyoming’s major malpractice insurance providers has been granted an 11.9 percent increase in rates charged to doctors. The Doctors Co., which is based in Napa, Calif., and serves 31 percent of the...
WCIRB Submits Evaluation of SB 899 and Proposed Reduction in Pure Premium Rates
May 14 2004 // At the California Department of Insurance (CDI) public hearing on May 13, the WCIRB submitted its July 1, 2004 regulatory filing reflecting the WCIRB’s analysis of the provisions of Senate Bill 899 (SB 899) and the...
WCIRB to Propose a Reduction in Pure Premium Rates
May 12 2004 // The California Workers’ Compensation Insurance Rating Bureau’s (WCIRB) Governing Committee approved the submission of a proposed reduction in pure premium rates to be effective on policies incepting on or after...
Argonaut’s Earned Premiums Up, Combined Ratio Down for Q1 2004
May 6 2004 // San Antonio-based Argonaut Group Inc. announced financial results for the three months ended March 31, 2004, reporting that earned premium rose and its combined ratio decreased from the same quarter in 2003. Net income was...
Fisher Approves Rate Hike for Med-Mal Insurer
Apr 22 2004 // Insurance Commissioner Carroll Fisher recently announced that a request for a rate hike by Oklahoma’s third largest writer of medical malpractice insurance has been approved. The Oklahoma Insurance Department...
Study Shows Commercial Property, GL Rates Falling
Apr 21 2004 // The costs for two major commercial lines insurance fell in the first quarter of 2004, according to a RIMS Benchmark Survey. In the first quarter of 2004, premium prices for property insurance fell by about 1.5 percent....
High Houston Crash Rate Drives Up Insurance Costs
Apr 20 2004 // The Houston area far exceeds the national average in the number of serious traffic collisions, contributing to skyrocketing medical costs and giving Harris County the most expensive auto insurance rates in Texas, according...
Texas Med-Mal Insurer Plans Rate Hike
Apr 13 2004 // A large medical malpractice insurer plans to bypass Texas regulators in order to raise insurance rates for doctors, the Associated Press reported. GE Medical Protective will increase the cost of premiums 10 percent on June...
State Farm Condo Insurance Rates to Increase in Nev.
Apr 13 2004 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved the request of State Farm Fire and Casualty Company for an overall statewide average increase of 28.8 percent for rental condominium unitowners insurance,...
N.D. SHOOTS FOR 4% COMP RATE HIKE:
Apr 5 2004 // To counteract the steep rise in medical and prescription drug costs, the North Dakota Workforce Safety and Insurance’s (WSI) board of directors authorized the agency to go forward with a proposal for a slight premium...
