Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Deaths from Nevada Car Crashes Down in June from 2018 Rates
Jul 18 2019 // Fewer people died in car crashes on Nevada roads in June than they did a year earlier, according to state data. The Nevada Department of Public Safety reported 16 deaths from 16 crashes in June, which is almost half as...
Texas Surplus Lines Premium Up 13% Over Last Year
Jul 16 2019 // Surplus lines premium in Texas has increased to $3.48 billion at the 2019 mid-year point, up 13.4% over 2018’s mid-year total of $3.06 billion, according to data reported to the Surplus Lines Stamping Office of Texas...
Causey: More Time Needed to Review North Carolina Homeowners’ Rate Increase
Jul 16 2019 // North Carolina’s Insurance Commissioner has extended the hearing scheduled for the proposed statewide average 17.4% homeowners’ insurance rate increase by one month from Sept. 4, 2019, to Oct. 2, 2019, saying...
Harden Expands into South Florida; Taps Beller as Market Leader
Jul 16 2019 // Harden, an insurance, risk management and employee benefits firm in the Southeast, has formally expanded into the South Florida market with the opening of an office in Fort Lauderdale. The firm currently serves many...
Auto Insurance Rates Going Down in Louisiana
Jul 1 2019 // Two more carriers are planning to lower their auto insurance rates in Louisiana, the state’s insurance department reported in June. Both Progressive Security Insurance Co. and Louisiana Farm Bureau have filed to...
Florida’s Citizens Revises 2019 Rate Filing; Will Request 2.3% Statewide Rate Increase
Jun 20 2019 // Citizens Property Insurance Corporation’s Board of Governors has approved a revised 2019 rate proposal that the company said reflects recent legislative changes that targets the ongoing abuse of assignment of benefit...
P/C Direct Premium Written Up 4.2% in Q1: Demotech
Jun 17 2019 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2018, total DPW for all P/C insurers aggregately increased approximately 4% from 2017, an increase...
Commercial Insurance Prices Up Again in Q1; Auto, D&O Lead the Pack
Jun 17 2019 // Commercial insurance prices in the U.S. increased in the first quarter about 2%, according to insurance broker and advisor Willis Towers Watson. The company’s Commercial Lines Insurance Pricing Survey (CLIPS) survey...
Insurance Rates for Crude Oil Tankers to Jump After Gulf Attacks
Jun 14 2019 // Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the latest round of attacks on vessels. Both owners and the companies that charter their...
Progressive Approved for 2.2% Auto Insurance Rate Decrease in Louisiana
Jun 13 2019 // Louisiana Insurance Commissioner Jim Donelon has approved a filing by Progressive Security Insurance Co. for a 2.2% rate decrease on new and renewal auto insurance business in the state. The decreases will take effect in...
Direct Written Premium Fell in California Workers’ Comp System in 2018
Jun 3 2019 // Total direct written premium in the California workers’ compensation system fell for the second consecutive year in 2018, declining 3.8 percent to less than $12.3 billion as nine of the 10 largest insurer groups in...
Texas Windstorm Insurer Withdraws 10% Rate Increase Filing
Jun 3 2019 // By Stephanie K. Jones Texas’ property insurer of last resort for wind and hail along the Texas coast voted at a May 24, 2019, meeting of its board of directors to withdraw a 10% rate increase filed last year that was...
Increasing Physician Prices Doesn’t Produce Better Results for Injured Workers
May 29 2019 // When the price of physician services increases relative to group health rates, injured workers report fewer problems getting the care they want but no significant improvement in physical function or speedier return to...
Texas Windstorm Insurer Withdraws 10% Rate Increase Filing
May 28 2019 // Texas’ property insurer of last resort for wind and hail along the Texas coast voted at a May 24, 2019, meeting of its board of directors to withdraw a 10% rate increase filed last year that was subsequently put on...
Direct Written Premium Fell in California Workers’ Comp System in 2018
May 20 2019 // Total direct written premium in the California workers’ compensation system fell for the second consecutive year in 2018, declining 3.8 percent to less than $12.3 billion as nine of the 10 largest insurer groups in...
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...
