Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Nev. Health Premiums to Increase for Some Married Workers; Decreases for Others
Aug 13 2002 // Approximately 2,000 married Nevada State workers will see their health insurance premiums take a hike by nine percent in January, according to an Associated Press report. Some 3,000 State employees however, whose policies...
CNA Moves to 2ndQ profit on rising premiums
Aug 9 2002 // CNA Financial Corp. reported it swung to a second-quarter profit, able to raise prices on many of its policies. CNA, which is 87 percent-owned by holding concern Loews Corp., posted net income of $35 million, or 16 cents a...
SCOR Reports 16 Percent Rise in Premium Income
Aug 8 2002 // For the first six months of the year French reinsurer SCOR registered a robust 16 percent rise in premium income at constant exchange rates. The company attributed the rise to improving non-life reinsurance rates and the...
Marine Market Sees Favorable Future Despite Hard Market
Aug 5 2002 // While many markets in the insurance industry continue to see adverse effects due to the hard market and recourse from 9/11, the marine market is one of the few that has a good view of the light at the end of the tunnel....
WCIRB Votes to Increase Workers’ Comp Rates 11.9 Percent
Aug 5 2002 // California Workers’ Compensation Insurance Rating Bureau’s (WCIRB) Governing Committee approved the filing of a proposed 11.9 percent increase in pure premium rates effective Jan. 1, 2003 for new and renewal...
RATE HIKES EXPECTED
Aug 5 2002 // Multiple rate hike requests from insurers and consumer concerns prompted Louisiana Governor Mike Foster to hire an advisor to assist him and the Louisiana Insurance Rating Commission (LIRC) in considering the rate...
Louisiana Governor Expects Rate Hikes
Jul 29 2002 // Louisiana Governor Mike Foster hired an advisor to assist him and the Louisiana Insurance Rating Commission (LIRC) in their consideration of rate hike requests from insurers and consumer concerns. The Times-Picayune...
AIG Says P/C Rates Likely to Continue Rising
Jul 26 2002 // AIG chairman M.R. Greenberg says that property and casualty rates are likely to continue their upward climb in 2003. Greenberg reported in a conference call with analysts that insurers are rebuilding their capital base,...
WCIRB Votes to Increase Workers’ Comp Rates 11.9 Percent
Jul 26 2002 // California’s Workers’ Compensation Insurance Rating Bureau’s (WCIRB) Governing Committee approved the filing of a proposed 11.9 percent increase in pure premium rates effective January 1, 2003 for new and...
La. Auto Rates Rising
Jul 22 2002 // Citing increasing medical and repair costs, a weak stock market, and the effects of state laws enacted in 1998, Louisiana insurance regulators anticipate a rise in auto rates in their state. The Times-Picayune reports that...
La. Auto Rates Rising
Jul 22 2002 // Citing increasing medical and repair costs, a weak stock market, and the effects of state laws enacted in 1998, Louisiana insurance regulators anticipate a rise in auto rates in their state. The Times-Picayune reports that...
CIAB Survey Indicates Trend in Increased Rates
Jul 19 2002 // A survey by the Council of Insurance Agents & Brokers (CIAB) that was answered by more than 130 agents and brokers, notes that commercial insurance rates continued an upward climb for the second quarter of this year....
Closed Temporarily by Rising Rates, Nev. Trauma Center Back in Business
Jul 16 2002 // Ten days after shutting down due to fast-rising malpractice insurance rates, Nevada’s lone top-level trauma center reopened its doors July 14, according to the Las Vegas Review-Journal. The county-run trauma center...
Ontario Approves Kingsway’s Private Passenger Rate Hikes
Jul 16 2002 // Toronto-based Kingsway Financial Services Inc. has obtained approval from the Financial Services Commission of Ontario (FSCO) to implement increased rates and to eliminate certain rating classes for Private Passenger...
Report Rate Increases for Child Care Centers in Conn.
Jul 12 2002 // According to a report from the Hartford Courant insurance premiums on child care centers, including summer camps and day care facilities, have recently risen between 10 and 20 percent in Connecticut and other states. The...
Mo. Sees 2002 Workers’ Comp Rate Hikes in Private Market
Jul 9 2002 // Missouri workers’ compensation rates for most businesses have risen an average of 6.7 percent this year, based on data through mid-June, according to the Missouri Department of Insurance. Filings with that agency...
As Hard Market Persists, E&S Brokers Wait For The Right Opportunity
Jul 8 2002 // Last January separate panels of analysts who follow the insurance industry and CEO’s of insurance companies predicted a “foreshortened” cycle, a brief hard market that would give insurers little relief...
S&P Says ‘Wait ’til Next Year’ for Hard Market to Ease
Jul 8 2002 // At its Insurance 2002 conference in New York recently, Standard and Poor’s offered little consolation to insurance agents and brokers who are looking for quick relief from the pressures of the current hard...
As Hard Market Persists, E&S Brokers Wait for the Right Opportunity
Jul 8 2002 // Last January separate panels of analysts who follow the insurance industry and CEO’s of insurance companies predicted a “foreshortened” cycle, a brief hard market that would give insurers little relief...
SP’s Says ‘Wait ’til Next Year’ for Hard Market
Jul 8 2002 // At its Insurance 2002 conference in New York recently, Standard and Poor’s offered little consolation to insurance agents and brokers who are looking for quick relief from the pressures of the current hard...
