Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Workers’ Compensation Market Enters Soft Market: A.M. Best
Sep 14 2016 // The workers’ compensation market has likely entered a soft market phase based on a declining trend in price increases that began in 2013, according to a new report from A.M. Best. The report titled, “State...
SCOR Targets 7% Annual Rise in Gross Premiums During Next 3 Years
Sep 7 2016 // SCOR SE, France’s largest reinsurer, expects gross premiums to rise as much as 7 percent annually over the next three years on increased demand in Asia. SCOR has “significant growth potential” despite a...
Connecticut’s 2017 Health Insurance Rates Expected to Rise
Sep 6 2016 // Tens of thousands of Connecticut health insurance consumers will still see double-digit increases in their 2017 rates, even though the state’s Department of Insurance has denied some rate requests filed by health...
Demotech on Workers’ Comp: Premiums Up 2.3% in First Half of 2016
Sep 6 2016 // Demotech’s review of second quarter 2016 data, as recently reported by insurers to the National Association of Insurance Commissioners, shows that workers’ compensation insurers reported a 2.3 percent increase...
California Commissioner Approves Rate Reductions on State Farm Commercial Policies
Sep 6 2016 // California Insurance Commissioner Dave Jones approved rate reductions for several State Farm commercial policies that he said will bring millions of dollars in premium savings for tens of thousands of small businesses,...
California Commissioner Approves Rate Reductions on State Farm Commercial Policies
Aug 24 2016 // California Insurance Commissioner Dave Jones has approved rate reductions for several State Farm commercial policies that he said will bring millions of dollars in premium savings for tens of thousands of small businesses,...
North Carolina Court Upholds Commissioner’s 25% Rate Increase Rejection
Aug 22 2016 // North Carolina’s insurance commissioner had plenty of justification to reject a 2014 request by insurers to raise homeowners’ premiums by an average of 25 percent, the state Court of Appeals ruled Aug....
Report: Austin Area Car Insurance Rate Hikes Far Above National 5-Year Average
Aug 22 2016 // A recently released report by Austin, Texas-based car insurance comparison firm, The Zebra, shows that car insurance rate hikes in the Austin area over the past five years have far exceeded the national average. Austin car...
Workers’ Comp Rate Reduction Proposed in Iowa
Aug 18 2016 // The Iowa Insurance Division reports that a proposed workers’ compensation rate filing would lower rates by 4.7 percent next year. The National Council on Compensation Insurance Inc. has made a rate filing that...
China’s Ping An Profit Rises 18% in 1st Half on Higher Premiums, Banking Income
Aug 17 2016 // Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit rose 18 percent as growth in premiums and banking revenue helped offset the impact of stock-market declines that have hit...
Report: Austin Area Car Insurance Rate Hikes Far Above National 5-Year Average
Aug 12 2016 // A recently released report by Austin, Texas-based car insurance comparison firm, The Zebra, shows that car insurance rate hikes in the Austin area over the past five years have far exceeded the national average. Austin car...
Sea Level Is Rising, but at Fluctuating Rates due to Volcanic Eruption: Study
Aug 12 2016 // Climate scientists have long warned of a rise in sea level as global warming melts the world’s glaciers. But while the level has been increasing at about 3.5 millimeters a year, the rate of increase itself has...
Chile’s Health Insurers Pushed to Brink of Collapse as Courts Prevent Rate Hikes
Aug 12 2016 // Chile’s private health insurers have a peculiar problem. Every time they try to raise their premiums, thousands of their clients take them to court to stop the increase — and win. Their inability to raise fees...
Court Upholds 25% Rate Increase Rejection for North Carolina Homeowners
Aug 8 2016 // North Carolina’s insurance commissioner had plenty of justification to reject a 2014 request by insurers to raise homeowners’ premiums by an average of 25 percent, the state Court of Appeals ruled August...
West Virginia Workers’ Comp Rates to Decrease by 14%
Aug 4 2016 // The National Council on Compensation Insurance filed a proposed drop of 14.7 percent in workers’ compensation loss cost rates with the West Virginia Insurance Commissioner. In response, West Virginia Gov. Earl Ray...
Premium Hikes of Up to 45% Sought by Illinois Health Insurers
Aug 3 2016 // Health insurance premiums for Illinois residents who buy coverage through the Affordable Care Act’s marketplace could increase by as much as 45 percent according to proposals submitted by insurers and made public on...
California Watchdog Group Wants State Farm to Reduce Rates by 40%
Aug 3 2016 // Consumer Watchdog filed a petition in California challenging State Farm’s proposed rates for its homeowners insurance and wants the insurers to cut its rates by as much as 40 percent. The Santa Monica, Calif.-based...
So. Africa’s Discovery Enters Japan Market with Sumitomo & SoftBank Partnership
Jul 21 2016 // Discovery Ltd., South Africa’s third-largest insurer by market value, said it has set up a partnership with Japan’s Sumitomo Life Insurance Co. and SoftBank Group Corp. to develop and introduce products for the...
Heritage Revokes 14.9% Rate Increase Filing for Florida Homeowners
Jul 13 2016 // After review by the Florida Office of Insurance Regulation (OIR) and much criticism from Florida stakeholders, Florida-based Heritage Property & Casualty Company has withdrawn its request for an overall 14.9 percent...
Market Softening Slows but Rate Stabilization Is Elusive: Willis Re
Jul 6 2016 // The June/July 2016 renewal season has seen a continuation in market softening, though the magnitude of rate reductions is slowing, according to the latest 1st View Renewals report from Willis Re, the reinsurance business...
