Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Workers’ Compensation Rates in Delaware Decrease for Third Year in a Row
Oct 15 2019 // Delaware is set to see a decrease in workers’ compensation insurance rates for the third year in a row, effective December 1, 2019. “I am delighted to approve a decrease in workers’ compensation rates in...
London Company Market Premiums Rise by 8.1% in 2018 to £28.4B ($34.7B)
Oct 10 2019 // Gross written premiums written by the London company market have increased by 8.1% to £28.437 billion ($34.7 billion) in 2018, according to a report published by the International Underwriting Association (IUA) Gross...
Workers’ Compensation Rates to Decrease in Idaho for 2020
Oct 7 2019 // The Idaho Department of Insurance has approved a proposal for a 6.2 percent overall rate decrease to Idaho workers’ compensation insurance effective Jan. 1, 2020. The proposed rate change was recommended by the...
U.K. Personal Lines Insurers May Face Curbs on Price Hikes Slapped on Renewal Policies
Oct 7 2019 // U.K. home and car insurers could be stopped from jacking up prices when customers’ policies come up for renewal as the country’s financial-markets watchdog clamps down on an industry that’s not giving a...
North Carolina Homeowners, Mobile Home Rates Going Up
Oct 7 2019 // The North Carolina Department of Insurance and the North Carolina Rate Bureau have settled a legal dispute over a proposed premium increase for homeowners insurance rates, according to a statement from NCDOI. NCDOI has...
Workers’ Compensation Premiums Up 2.2% in First Half of 2019
Oct 7 2019 // In the aggregate, workers’ compensation insurers reported a modest increase in direct written premiums in the U.S. for the first six months of 2019 versus the same period 2018, up 2.2%. However, the 25 carriers with...
Texas Surplus Lines Premium Up 16% Over 2018
Oct 3 2019 // Reported Texas surplus lines premium through the first three quarters of 2019 reached $5.35 billion, a 16.15% increase over the same period in 2018, according to the Surplus Line Stamping Office of Texas...
North Carolina Homeowners, Mobile Home Rates Going Up
Sep 30 2019 // The North Carolina Department of Insurance and the North Carolina Rate Bureau have settled a legal dispute over a proposed premium increase for homeowners insurance rates, according to a statement from NCDOI. NCDOI has...
Strong E&S Premium Growth in Response to Weak Results; Top 15 E&S Writers: Fitch
Sep 30 2019 // Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11% and representing the eighth consecutive year of premium growth, according to...
Profitability Returning to D&O Liability as Rate Hikes Take Hold: Fitch
Sep 25 2019 // After being down, the U.S. directors and officers (D&O) liability insurance sector is looking up. Carriers are raising rates and restoring profitability, according to Fitch Ratings, after several years of flat premium...
Aviation Industry Braces for Double-Digit Premium Hikes After 737 MAX Groundings
Sep 20 2019 // The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding of Boeing Co.’s...
Texas Auto Insurer of Last Resort Files for Rate Increases
Sep 19 2019 // The Texas Department of Insurance has extended the period in which recent rate increase request by the Texas Automobile Insurance Plan Association (TAIPA) may be approved. TAIPA, the state’s auto insurer of last...
California Workers’ Comp 2020 Temporary Total Disability Rates to Rise
Sep 17 2019 // The California Division of Workers’ Compensation has announced that the 2020 minimum and maximum temporary total disability rates will increase on Jan. 1, 2020. The minimum TTD rate will increase from $187.71 to...
California Workers’ Comp Written Premium Falling, Report Shows
Sep 16 2019 // The Workers’ Compensation Bureau of California on Monday its latest quarterly report on insurer experience as of June 30. The WCIRB report shows written premium for 2018 is 4% below that for 2017 and 6% below that...
Startup Agency Zeguro Helps Businesses Manage Cyber Risk and Insurance Premiums
Sep 16 2019 // Insurtech Zeguro has launched its platform designed to help small and midsize companies manage cyber threats in multiple ways. The San Francisco-based managing general agency describes itself as an “end-to-end cyber...
Another Hard Market Harbinger: U.S. Commercial Lines Prices Up 4% in Q2
Sep 12 2019 // In yet another sign of a hardening market, U.S. commercial insurance prices grew at an accelerated rate compared to a year ago, according to Willis Towers Watson’s latest Commercial Lines Insurance Pricing...
NCCI Proposes 5.4% Decrease in Florida Workers’ Comp Rates
Sep 11 2019 // Florida businesses will see another workers’ comp rate decrease next year if the latest filing by the National Council on Compensation Insurance (NCCI) is approved by Florida regulators. Carrier results continue to...
Loss Creep Spells End to Soft Reinsurance Market: Guy Carpenter
Sep 10 2019 // Extended development from North American hurricane losses and losses from non-peak perils like California wildfires have finally jolted reinsurers out of a soft reinsurance market, according to a report from reinsurance...
Analysts See 2020 Reinsurance Price Hikes Due to Catastrophes
Sep 4 2019 // Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said. After falling for several years due to...
New Hampshire Workers’ Comp Rates Decrease for Eighth Year in a Row
Aug 29 2019 // New Hampshire employers will pay less for their workers’ compensation insurance next year because of an approved filing that lowers the loss costs insurers use to develop prices. The New Hampshire Insurance...
