Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Storms Drive Iowa Homeowner Rate Increases
Sep 6 2001 // Iowa’s hail, wind and ice storms over the past few years are driving up homeowners’ insurance rates as much as 20 percent, according to the Des Moines Register. Like many other states, Iowa homeowners are...
NV MED-MAL RATES TO RISE
Aug 27 2001 // Continental Casualty Company; America Casualty Company of Reading, Penn; and Transportation Insurance Company (collectively CNA) received approval from Nevada Insurance Commissioner Alice A. Molasky-Arman to increase its...
Mercury Requests Additional Auto Rate Hike
Aug 24 2001 // According to the Los Angeles Times, Mercury General Corporation has made filings with the California Department of Insurance requesting an additional 4.9 percent to 6.9 percent increase in auto rates, depending on the type...
Hardening Market Heralds Rush to Alternatives
Aug 20 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
Nevada Commissioner Approves Increase in Med-Mal Rates
Aug 16 2001 // Continental Casualty Company; America Casualty Company of Reading, Penn; and Transportation Insurance Company (collectively CNA) received approval from Nevada Insurance Commissioner Alice A. Molasky-Arman to increase its...
Rating Bureau Suggests Premium Increase to Combat Costs
Aug 13 2001 // Noting rising costs and a trend toward insolvencies, the Workers’ Compensation Insurance Rating Bureau’s governing committee voted to suggest an 8.5-percent gain in the average pure premium rate as part of its...
HO PREMIUMS UP SLIGHTLY
Aug 13 2001 // Overall, the industry reported a 6.6 percent increase in direct premiums for homeowners multiperil insurance from 1999 to 2000, according to a new A.M. Best Statistical Study. The top 10 writers of homeowners multiperil...
HO Premiums Up Slightly
Aug 6 2001 // Overall, the industry reported a 6.6 percent increase in direct premiums for homeowners multiperil insurance from 1999 to 2000, according to a new A.M. Best Statistical Study. The top 10 writers of homeowners multiperil...
WCIRB Makes Case for 8.5 Percent Increase in Workers’ Comp Rates
Aug 2 2001 // The Workers Compensation Insurance Rating Bureau of California has put on the table a plan for an 8.5 percent increase in pure premium for workers’ compensation rates in the state. The WCIRB submitted its plan July...
Q1 Results: P/C Industry Premiums Up; Net Income, Surplus Down
Jul 16 2001 // The U.S. property/casualty industry’s net income after taxes dropped 5.4 percent to $5.6 billion in first-quarter 2001 from $5.9 billion in first-quarter 2000, according to Insurance Services Office Inc. (ISO) and...
A.M. Best Study Reports P/C Premiums Show Strong Growth, Earnings Remain Depressed During 1Q 2001 J
Jul 5 2001 // According to an A.M. Best Co. special-report excerpt published in the July 2 issue of BestWeek, property/casualty net premiums written showed the strongest growth since the tail end of the last hard market in the second...
Q1 Results: P/C Industry Premiums Up; Net Income, Surplus Down
Jun 27 2001 // The U.S. property/casualty industry’s net income after taxes dropped 5.4 percent to $5.6 billion in first-quarter 2001 from $5.9 billion in first-quarter 2000, according to Insurance Services Office Inc. (ISO) and...
PROPERTY CATASTROPHE RATES UP
Jun 18 2001 // U.S. property catastrophe rates increased at January 2001 renewals for the first time since 1994, according to Paragon Reinsurance Risk Management Services, Inc. a wholly owned subsidiary of Benfield Blanch Holdings, Inc....
RATES ON THE RISE
Jun 11 2001 // A recent Conning & Company survey of insurance agents and brokers across the U.S. indicates that price increases have continued to accelerate and are in double-digit territory for most commercial lines. In addition,...
U.K. Commercial Premiums Will Continue to Rise
Jun 7 2001 // Delegates at the annual meeting of the U.K.’s Association of Insurance and Risk Managers in Birmingham were told by insurance industry representatives that commercial insurance rates would continue to rise, with...
Allianz Posts 6% Q1 Rise in Gross Premiums to $17.6 Billion
May 31 2001 // Germany’s Allianz posted a 6 percent rise in gross premiums written in the first quarter of 2001 to € 20.6 billion ($17.6 billion), reflecting contributions from acquisitions and a 7.9 percent increase in p/c...
Munich Re Posts 9% Q1 Premium Growth to $3.7 Billion
May 30 2001 // Munich Re, the world’s largest reinsurer, reported that premium income for the the first quarter reached €4.3 billion ($3.7 billion), a solid 9 percent increase over last year’s figures. N et profits...
Further Increases Seen in U.K. Auto Rates
May 25 2001 // According to a survey conducted by Datamonitor, a U.K-based consulting firm, automobile premiums in the U.K. and Ireland, which have already risen by around 20 percent in the last year, are set to increase further. The...
ALLSTATE GAINS CALIF. RATE HIKE APPROVAL
May 13 2001 // Allstate Corp. got the go-ahead from state regulators May 2 to make increases in both auto and homeowner insurance rates, according to the Los Angeles Times. California’s third largest insurer had requested a...
PartnerRe Q1 Net Income Dips as Premiums Rise
May 8 2001 // Bermuda’s PartnerRe Ltd. reported net operating earnings of $55.6 million for the first quarter, a slight decrease from the $57.1 million recorded last year. Net premiums written, however, increased to $597.8 million...
