Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
Tenn. Commissioner Unveils Bulletin for Insurers on Rate Increase Notification
Apr 5 2004 // Tennessee Insurance Commissioner Paula Flowers has issued a new bulletin cautioning that Tennessee insurers must notify their policyholders about rate or rate factor increases on Commercial Risk policies. The Department of...
I.I.I. Reports Auto Insurance Rate Increases Dropping By More than Half
Mar 30 2004 // The cost of auto insurance is expected to rise by 3.5 percent in 2004, the smallest increase in four years, according to the Insurance Information Institute (I.I.I.). The declining number of auto accidents due to better...
Nevada Rate Increase Sought by Malpractice Insurance Company
Mar 26 2004 // Medical Protective Co., which provides malpractice insurance for 200 doctors located mainly in southern Nevada, has filed for a 24 percent rate increase. The state Insurance Division says MedPro wants the increase to take...
N.D. Shoots for 4% Comp Rate Hike
Mar 22 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...
Auto Club’s Affiliate Files for 5 Percent Rate Reduction
Mar 22 2004 // The Interinsurance Exchange of the Auto Club filed with the state Department of Insurance for an overall 5 percent reduction in its California auto insurance rates. The rate reduction should save Auto Club policyholders an...
PIC Wisconsin Med-Mal Rates to Increase in Nevada
Mar 18 2004 // Nevada Insurance Commissioner Alice Molasky-Arman has approved the request of Physicians Insurance Company of Wisconsin Inc. (PIC) for a 15 percent increase for medical malpractice insurance. In addition to the 15 percent...
Fla. House Says Thumbs Up to Premium Tax Database Bill; Off for Vote in Senate
Mar 16 2004 // A bill creating an electronic database for insurers to use in allocating insurance property and casualty premium taxes was passed Tuesday by Florida’s House and is headed for a vote in the Senate. “We’ve...
MarketScout Chairman Notes Rate Reductions
Mar 10 2004 // MarketScout released its barometer for the month of February, noting rate reductions among other topics. According to Richard Kerr, chairman and CEO, of MarketScout, “The Lloyds and London Companies market is easing....
Commercial Rates Going Down, Reinsurance Rates Holding Firm
Mar 8 2004 // As Costello famously asked Abbott, “Who’s on first?” A new report released by leading independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent...
MO. COMP RATE HIKES ALMOST FLAT:
Mar 8 2004 // Insurers are applying the brakes to workers’ compensation rate increases in Missouri, according to the state’s insurance department. After almost one-third of such insurers filed rate changes in January,...
The Hard Market’s Over … Right’
Mar 8 2004 // Although I’ve been around the specialty industry for more years than I care to reveal and now have seen multiple hard and soft markets, I’m confused. Why such confusion? After reading tea leaves, consulting the...
SLSOT Sees Slowing of Surplus Lines Rate Increases
Mar 8 2004 // The Surplus Lines Stamping Office of Texas was established in 1988 as a result of legislation drafted by a committee that included Texas Surplus Lines Association members, Texas Department of Insurance staff and other...
The Hard Market’s Over … Or Is It’
Mar 8 2004 // Although I’ve been around the specialty industry for more years than I care to reveal (this information is in poor taste, akin to discussing a woman’s age), and now have seen multiple hard and soft markets,...
The Hard Market’s Over … Or Is It’
Mar 8 2004 // Surplus lines company executives and wholesalers at NAPSLO responded uniformly with broad smiles when asked about their 2003 results. Although I’ve been around the specialty industry for more years than I care to...
Fitch: Competition May Brake Auto Rate Increases
Mar 1 2004 // The U.S. auto insurance sector may be approaching a yield sign of increased competition after cruising through favorable pricing conditions for the last three years, according to a special report by Fitch Ratings. Though...
Farmers Cuts N.D. Homeowners Rates Up to 15%
Feb 26 2004 // Captive agency carrier the Farmers Insurance Group of Cos. announced the introduction of the new home/life discount for its North Dakota homeowners customers. Customers who have both a life insurance policy and a...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 23 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
