Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Rate of School Shootings in U.S. Unchanged Amid Increased Security
Feb 3 2014 // There’s been no real reduction in the number of U.S. school shootings despite increased security put in place after the rampage at a Connecticut elementary school in December 2012 left 20 children and six educators...
Senate Begins Amending Bill to Halt Flood Insurance Rate Increases
Jan 30 2014 // The Senate has begun adopting amendments to the bill (S.1926) that seeks to delay flood insurance premium increases called for under the Biggert-Waters Flood Insurance Reform Act of 2012. The Senate bill would halt premium...
P/C Direct Premium Written Up 4.1% Through 3Q 2013
Jan 27 2014 // Direct premium written (DPW) for property/casualty insurance companies continues to increase. At year-end 2012, more than $523 billion of DPW was reported, an all time high for the industry. For 2012, total DPW for all P/C...
Massachusetts Schedules Hearing on 7.7% WC Rate Hike Request
Jan 27 2014 // The Massachusetts Division of Insurance is scheduled to hold a hearing on Jan. 30 to consider the request of the Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIB). WCRIB is requesting a...
Homeowners Rate Hike Proposed at Louisiana Citizens
Jan 27 2014 // East Baton Rouge Parish homeowners who buy coverage from Louisiana Citizens Property Insurance Corp. would see rates increase an average of 9.9 percent while wind-only policies would jump by 17.1 percent under a proposed...
Louisiana Citizens to File Homeowners Insurance Rate Hike
Jan 21 2014 // East Baton Rouge Parish homeowners who buy coverage from Louisiana Citizens Property Insurance Corp. would see rates increase an average of 9.9 percent while wind-only policies would jump by 17.1 percent under a proposed...
Hike in Auto Insurance Rates Expected in Illinois
Jan 9 2014 // Illinois drivers should get ready to pay more for insurance. Northbrook-based Allstate says in a regulatory filing that rates for customers will climb between 2.5 and 3.5 percent later this month. Esurance rates are rising...
Massachusetts Schedules Hearing on 7.7% Workers’ Comp Rate Hike Request
Jan 9 2014 // The Massachusetts Division of Insurance announced Tuesday a hearing will be held on Jan. 30 to consider the request of the Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIB). WCRIB is a...
North Carolina Regulator ‘Appalled’ at Home Insurers’ Request for 25% Rate Hike
Jan 5 2014 // North Carolina Insurance Commissioner Wayne Goodwin has called upon insurers in his state to withdraw a request for a 25.3 percent rate hike for homeowners insurance, saying he is “appalled” they would seek a...
N.J. Sen. Menendez Calls on Congress to Delay Flood Insurance Rate Hikes
Jan 3 2014 // U.S. Senator Robert Menendez (D-N.J.) on Thursday joined residents and local officials in Brick, N.J., to call on Congress to pass the Homeowner’s Flood Insurance Affordability Act. The bipartisan, bicameral bill,...
Swiss Re Shares Drop as Reinsurance Renewal Prices Fall: Zurich Mover
Jan 3 2014 // Swiss Re Ltd., the world’s second – biggest reinsurer, fell the most in six months in Zurich trading after Willis Re said reinsurance prices slid by as much as 25 percent in the Jan. 1 renewals round. Swiss Re...
Capital Capacity Softens January Renewal Rates up to 25%: Willis Re Report
Jan 2 2014 // According to Willis Re’s January 2014 Reinsurance Renewals Report, “a heady cocktail of converging factors has fuelled a soft buyers’ market in nearly all lines of business at the 1 January 2014...
Commissioner: Louisiana Workers’ Comp Insurance Rates to Decrease
Dec 31 2013 // Louisiana Commissioner of Insurance Jim Donelon announced that rates for workers’ compensation insurance will decrease in Louisiana effective May 1, 2014. Commissioner Donelon recently approved a 5.1 percent decrease...
Reinsurance Rates Down by 11% for January Renewals: Guy Carpenter Survey
Dec 30 2013 // Guy Carpenter & Co. has reported that reinsurance rates-on-line fell at the January 1, 2014 renewal in nearly all classes and regions. The reinsurance broker’s global renewal report pointed to “strong...
Buyers Benefit from Soft Market in Airline Renewal Season: Willis Report
Dec 23 2013 // According to the Q4 Issue of Airline Insight, from Willis Group Holdings, “unprecedented levels of competition, growth in exposures and low loss levels are driving premium reductions for insurance buyers during the...
Rate Hikes in California Workers’ Comp: SNL Financial
Dec 18 2013 // AmTrust Financial Services Inc. hiked rates by 15 percent on its California workers’ compensation business in 2013, and it is not alone. SNL data shows multiple companies took rate during the first half of 2013. The...
Health Care D&O Rates Rise Over Obamacare Antitrust Concerns: Marsh
Dec 16 2013 // Health care organizations paid significantly more for their directors and officers liability insurance in the third quarter of 2013 amid growing concerns over antitrust issues arising from implementation of the Affordable...
Commercial Lines Price Gains Slowing Down
Dec 12 2013 // Price gains are slowing down after commercial insurance prices increased for the 11th straight quarter, rising by 5 percent in aggregate during third-quarter 2013, according to Towers Watson. The professional services...
Commercial Lines Price Gains Slowing Down: Towers Watson
Dec 10 2013 // Even though commercial insurance prices increased for the 11th straight quarter—rising by 5 percent in aggregate during third-quarter 2013—price gains are slowing down, according to Towers Watson. According to The...
Some Flood Insurance Rates to Rise in Kansas’ Douglas County
Dec 6 2013 // Some property owners in Douglas County, Kansas, could soon pay more for federal insurance. The federal government’s decision to phase out subsidized insurance in special flood hazard areas will increase costs for 168...
