Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
CONNING PREDICTS RATES HIKES
May 7 2001 // A recent Conning & Company study, “Property-Casualty Forecast and Analysis,” showed personal automobile rates on the rise by 4 to 8 percent. In some areas, recent filings may bring the increase up to 16...
ProMutual to Increase Malpractice Insurance Rates
May 3 2001 // Beginning July 1 of this year, ProMutual, Massachusetts’ largest provider of malpractice insurance for physicians, will raise its rates for malpractice insurance an average of 14 percent across specialties. According...
Conning Predicts Rise in Premium Rates for All P/C Lines
Apr 30 2001 // Conning Corporation, a provider of asset management services to insurance companies and institutional investors based in Hartford, Conn., has predicted an increase in auto insurance premiums next year, reversing a trend in...
Conning Predicts Rise in Premium Rates for All P/C Lines
Apr 28 2001 // Conning Corporation, a provider of asset management services to insurance companies and institutional investors based in Hartford, Conn., has predicted an increase in auto insurance premiums next year, reversing a trend in...
Farmers, 21st Century Request Premium Increases
Apr 21 2001 // According to California Department of Insurance (CDI) filings, Farmers Insurance and 21st Century Insurance have requested premium hikes averaging 6.9 percent for their property policies. Farmers Insurance and 21st Century...
ALLSTATE HIKES UP RATES
Mar 26 2001 // Allstate Insurance, which insures 2.1 million drivers in California, plans to raise premiums by 6.9 percent-a move that could force other companies to do the same. The increase is scheduled to take effect May 18. Rate...
Swiss Re Study Finds Lower Cat Losses, Rising Rates
Mar 16 2001 // A recent study released by Swiss Re, confirms that insured catastrophe losses for 2000 totaled $10.6 billion, falling significantly below those in 1999, which reached $32.9 billion.The survey also concluded that p/c...
Homeowners Premiums in Ireland to Increase
Feb 26 2001 // Home insurance premiums are expected to increase by as much as 30 percent this year as building costs push up underwriting losses from weather-related claims. Royal and Sun Alliance, with a 28 percent market share in...
Rise in Reinsurance Rates Propelled By a More Cautious Approach
Feb 26 2001 // The long-awaited hardening of reinsurance rates may finally be occurring, as companies reassess their capacity commitments and take a more critical look at their risk exposures, particularly concerning natural...
More Cautious Approach Propels Reinsurance Rate Rise
Feb 19 2001 // The long awaited hardening of reinsurance rates may finally be occurring, as companies reassess their capacity commitments and take a more critical look at their risk exposures, particularly concerning natural...
Rate of Hurricanes Will Increase, Expert Warns
Feb 16 2001 // Hurricane forecaster William Gray predicted Wednesday during the Windstorm Insurance Conference in Orlando, that the nation’s East Coast, particularly Florida, was at the beginning of a period of more frequent...
SCOR 2000 Premium Volume Up
Feb 13 2001 // French reinsurer SCOR S.A. has reported a 14.5 percent increase in premium volume to 3.5 billion euros ($3.30 billion) in 2000. Prior to publication of its complete annual results in March, the Paris-based group announced...
CIAB REPORTS P/C RATES UP
Feb 12 2001 // Through its fourth quarter 2000 Commercial Insurance Market Index, The Council reported commercial property/casualty premium rates across all lines of the business and group medical coverage rose significantly over the...
AGF Premium Income Up For 2000
Feb 7 2001 // France’s AGF, 51 percent of which is owned by Germany’s Allianz, posted strong growth in premium income in all sectors for the year 2000. Overall premium income rose 17.8 percent in 2000 to €15.74 billion...
New Jersey Workers’ Comp Rates to Decline 2.3 Percent in 2001
Dec 8 2000 // Workers’ comp premiums will be reduced by an overall 2.3 percent next year, New Jersey Banking and Insurance Commissioner Karen L. Suter announced yesterday. At the same time, weekly benefits to injured workers for...
