Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Cyber Prices Drop, While Demand, Supply, Awareness Continue to Grow: Marsh
May 20 2019 // The message about the need to take cyber risk and insurance seriously is getting through to companies and boardrooms. “As risk awareness has grown, more organizations, particularly those focused on their business...
Commercial Insurance Prices Were Up 3% Globally, 1.1% in U.S. in Q1: Marsh
May 16 2019 // Average global commercial insurance prices increased 3% in the first quarter of2019, according to broker Marsh. This represents the sixth consecutive quarter of average commercial insurance pricing increases, Marsh said in...
Oil, Gas Shippers Brace for Rise in Insurance Premiums After Saudi Ship Attacks
May 16 2019 // Asian shippers and refiners have put ships heading to the Middle East on alert and are expecting a possible rise in marine insurance premiums after recent attacks on Saudi oil tankers and pipeline facilities, industry...
Milliman: Hurricane Katrina Litigation Could Hike Mississippi Homeowners Rates
May 16 2019 // Mississippi homeowners could see premiums rise up to 25 percent thanks to Hurricane Katrina-related subrogation litigation being brought by the Mississippi attorney general, according to a recent report by Milliman. The...
Michigan Edges Toward Showdown Over Auto Insurance Rates
May 13 2019 // The state with the highest car insurance premiums in the country is on the verge of a political showdown over long-running efforts to cut rates by reining in generous medical benefits. Auto-friendly Michigan, which is...
W.R. Berkley Q1 Results Show Rate Increases Working
Apr 25 2019 // W.R. Berkley Corp. enjoyed solid premium growth in the 2019 first quarter and its reinsurance arm booked encouraging results, with the carrier crediting “further rate improvement” for the positive trend. The...
Catastrophe Insurer Palomar Announces IPO Pricing, Shares Rise 1st Day of Trading
Apr 17 2019 // La Jolla, Calif.-based Palomar Holdings Inc. this week announced the pricing of its initial public offering of its common stock at a price of $15 per share and in its first day of trading on Wednesday it had at one point...
P/C Direct Premium Written Up 4% in 2018
Apr 15 2019 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2018, nearly $670 billion of DPW was reported, a record high for the industry. For 2018, total DPW...
California Written Workers’ Comp Premium Down, Quarterly Report for Last Year Shows
Apr 11 2019 // California written premium for 2018 was 4 percent below 2017 and 6 percent below 2016 as recent declining premium rates have more than offset payroll growth, according to a report from the Workers’ Compensation...
North Carolina Personal Auto Rates to Increase by 1.6%
Apr 1 2019 // The North Carolina Rate Bureau has reached a settlement with the North Carolina Department of Insurance to raise personal auto insurance rates by 1.6 percent, according to a statement by NCDOI. The NCRB, which is not a...
Some Data Indicates Increasing Accident Rates in Marijuana States
Apr 1 2019 // Preliminary research indicates that the legalization of recreational marijuana in 10 states has increased accident rates, the Insurance Information Institute said. The group cited an October 2018 study by the Highway Loss...
U.S. Commercial Insurance Prices Inched Up in Q4
Mar 18 2019 // U.S. commercial insurance carriers again earned price increases in the 2018 fourth quarter, but the growth was slight. Premiums during the quarter grew just under 2 percent on average compared to the same period in 2017,...
P/C Direct Premium Written Up 5.9 Percent
Mar 18 2019 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2017, over $636 billion of DPW was reported, a record high for the industry. For 2017, total DPW...
Workers’ Comp Subscription Rate in Texas Fell From 2016 to 2018
Mar 18 2019 // Between 2016 and 2018, the percentage of private sector employers participating in the workers’ compensation system in Texas fell from 78 percent to 72 percent, according to a report released in February by the state...
New Forms, Rate Hikes Likely in 2019 Texas Homeowners Insurance Market
Mar 15 2019 // Texas independent insurance agents might want to warn their homeowner insurance customers that premium hikes and/or increases in deductibles could be on the horizon this year. Homeowners insurers have been filing for rate...
Florida Regulator to Hold Public Hearing on Citizens Rate Increase
Mar 13 2019 // The Florida Office of Insurance Regulation (OIR) will conduct a rate hearing to receive public comment on the proposed rate changes from Citizens Property Insurance Corp. for its business in the Coastal Account (CA),...
Federal Flood Insurance Premiums Could Rise in Flood-Prone Areas Under Trump Plan
Mar 12 2019 // Flood insurance premiums could rise and property values fall in the most deluge-prone areas under a plan the Trump administration intends to roll out in coming weeks to change the way risk is calculated under the National...
U.S. Commercial Insurance Prices Inched Up in Q4
Mar 11 2019 // U.S. commercial insurance carriers again earned price increases in the 2018 fourth quarter, but the growth was slight. Premiums during the quarter grew just under two percent on average compared to the same period in 2017,...
The Lowdown: Renewals Rates & Client Strategies – Date & Time Change
Mar 5 2019 // Notice: There has been a date and time change since the original publishing. If making use of market insights is not among your strong suits, you’re not alone. So where do you obtain the latest rate information to...
Highway Fatalities Level Off After Years of Increasing Rates: National Safety Council
Mar 4 2019 // For the first time since the Great Recession, the U.S. has experienced three straight years of at least 40,000 automobile-related deaths, according to estimates from the National Safety Council. In 2018, an estimated...
