Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
SCPIE 2Q, Six-Months Results Reflect Increase in Premiums
Aug 18 2000 // SCPIE Holdings Inc. reported results for the second quarter and six months ended June 30, 2000. For the second quarter, operating income per share was 47 cents compared to operating income per share of 66 cents in the same...
The Hartford Provides Market for Hard-to-Place New Jersey Business
Aug 9 2000 // The Hartford Financial Services Group is accepting applications from members of the Independent Insurance Agents of New Jersey over the web for tough-to-place business. The applications are part of the Independent...
W/C RATE HIKE PROPOSED
Aug 7 2000 // Following the July 31 submission of its annual pure premium rate filing to the California Insurance Commissioner, the nonprofit Workers’ Compensation Insurance Rating Bureau (WCIRB) proposed an average increase in...
WCIRB Proposes Pure Premium Rate Increase
Aug 1 2000 // Following the July 31 submission of its annual pure premium rate filing to the California Insurance Commissioner, the nonprofit Workers’ Compensation Insurance Rating Bureau proposed an average increase in pure...
Gov. Pataki Announces Workers’ Comp. Rate Reduction
Jul 18 2000 // New York Gov. George E. Pataki has said workers’ compensation rates will be reduced this year by an average of 2.5 percent. The reduction, combined with rate decreases achieved in the past five years, represents an...
Aviation Prices Go Up, Up and Away
Jun 26 2000 // The motives for buying an aircraft are as varied as the uses to which the aircraft can be applied—as are, of course, the risks associated those uses. Some underwriting companies also insure an array of aviation-related...
Survey Predicts Continued Market Hardening
Jun 5 2000 // The CIAB’s Commercial Insurance Markets Index survey found the most significant increases for medium-sized accounts-those generating between $25,000 and $100,000 in commissions and fees-with 87% of the respondents...
Head of Kiln Plc Sees Rate Increases in Lloyd’s Market
May 12 2000 // David Gilchrist, Chairman of Lloyd’s vehicle Kiln Plc, which owns 46 percent of four Lloyd’s syndicates, told Reuters News Agency that despite 1999 losses of £6.7 million ($10.4 million) he “expects to...
Arizona’s Surplus Line Premium Volume up in 1999
May 11 2000 // According to figures released by the Surplus Line Association of Arizona, written surplus line premium volume in the state totaled $106.9 million in 1999, compared with $90.2 million in 1998–an increase of 18.5...
S&P Rates INSCO-Dico Group Cos.
May 1 2000 // Standard & Poor’s (S&P) took rating actions on three Irvine-based stock companies. The “BBpi” financial strength rating on Irvine-based Developers Insurance Company (DICO) was affirmed by...
UPDATE – Euro Interest Rate Hike Fails To Support Exchange Rates
Apr 27 2000 // As expected, the European Central Bank (ECB) raised interest rates on the Euro today, but only by what most analysts considered a paltry 25 basis points. The move, which raised the effective rate to 3.75 percent,...
New Zealand Nonlife Rates To Rise
Apr 4 2000 // Excess capacity, intense competition, inadequate premium rates and a high level of claims resulted in a very poor earnings performance in the New Zealand nonlife insurance market in 1999. So said Ian Thompson, Standard...
Award Increases Cause Rise in U.K. Premiums
Feb 29 2000 // The distinct possibility that damage awards arising from automobile accident claims will substantially increase in the U.K. has prompted the Association of British Insurers (ABI) to warn of possible big increases in...
