Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Progressive: Investment Income Slips; Premiums and Auto Policies Up
Oct 10 2013 // Progressive Corp., the fourth-largest U.S. auto insurer, said profit dropped 16 percent as investment income declined for a 12th straight quarter. Third-quarter net income decreased to $232.4 million, or 39 cents a share,...
Florida to Hear State Farm Rental Dwelling Rate Hike Bid
Oct 8 2013 // Florida insurance officials will hold a public hearing tomorrow on State Farm Florida Insurance Co.’s proposed double-digit rate increase for its rental dwelling line of business in the state. State Farm Florida is...
Commercial Rates Up 5% in September: MarketScout
Oct 7 2013 // U.S. businesses buying property/casualty insurance in September saw a five percent rate increase on average, according to the latest index from MarketScout. MarketScout said the composite rate for was up from plus 4...
Rising Flood Insurance Rates Frustrate Homeowners
Oct 7 2013 // As homeowners in the Northeast continue to rebuild nearly one year after Superstorm Sandy, they are now bracing for another obstacle: higher National Flood Insurance Program (NFIP) premiums. In accordance with the...
Bill to Delay Flood Insurance Rate Hikes Stymied by Shutdown Politics
Oct 2 2013 // A bipartisan proposal to delay federal flood insurance rate hikes that took effect Tuesday is being stymied by a bitter congressional dispute over President Barack Obama’s signature health care law, Sen. Bill Nelson...
Flood Insurance Premiums Rising Along New Jersey Coast
Sep 30 2013 // Hundreds of New Jersey flood insurance policyholders will soon be facing higher premiums spurred by sweeping changes to the federal law that will take effect Tuesday. The increases stem from legislation passed in June 2012...
Mississippi Insurance Chief Sues to Halt Flood Insurance Rate Hikes
Sep 29 2013 // The Mississippi Department of Insurance has filed a lawsuit against the federal government to try to block rates from increasing Oct. 1 in the National Flood Insurance Program. State Insurance Commissioner Mike Chaney said...
Mass. Congressional Delegation Seeks Delay of Flood Insurance Rate Hikes
Sep 27 2013 // Massachusetts’ congressional delegation is urging fellow lawmakers in Washington to delay implementation of the Biggert-Waters National Flood Insurance Reform Act provisions. The Massachusetts lawmakers said this...
Willis’ Report Sees Energy Market ‘Softening’
Sep 27 2013 // “Too much capacity chasing an insufficient amount of premium in both the downstream and upstream energy markets will cause a general softening of the energy market in the remainder of 2013,” according to to...
Ex-CEO of NYC Charity Allegedly Conspired to Inflate Insurance Rates Paid by Group
Sep 25 2013 // The former CEO of a prominent New York City charity who apologized for what he called “mistakes” when he was fired last month has been charged with stealing from the organization. Attorney General Eric...
N.J. Group to Rally Against Rising National Flood Insurance Premiums
Sep 23 2013 // Toms River, N..J., homeowner George Kasimos wants to make sure that lawmakers in Washington, D.C., hear the growing concerns of his shore community and other communities across the country. Kasimos started a grassroots...
Capital Insurance Group to Offer Premium Credits for Apartment Buildings, Condos
Sep 23 2013 // Capital Insurance Group (CIG), a regional property and casualty insurer serving the Western U.S., has released three new 2 percent total premium credits for commercial apartment and condominium lines. The Stovetop...
Insurance Prices Continued Up in Q2: Towers Watson
Sep 23 2013 // Commercial insurance prices rose by 6 percent in aggregate during the second quarter of 2013, marking the 10th consecutive quarter of price increases, according to the latest Commercial Lines Insurance Pricing Survey...
After Suggested Workers’ Comp Rate Hike California Employers Hope Reform Kicks In
Sep 23 2013 // The reaction from an employers’ group to a suggested hike in California’s advisory workers’ compensation rates of nearly 7 percent was – surprisingly – cautiously optimistic. The insurer and public...
Mississippi Insurance Chief Wants to Sue to Stop Flood Insurance Rate Hikes
Sep 20 2013 // Mississippi Insurance Commissioner Mike Chaney is prepared to sue the federal government to stop the flood insurance rate hikes triggered by a recent reform law, but it remains to be seen if he can move forward because the...
After Suggested Workers’ Comp Rate Hike California Employers Hope Reform Kicks In
Sep 13 2013 // The reaction from an employers’ group to a suggested hike in California’s advisory workers’ compensation rates of nearly 7 percent was – surprisingly – cautiously optimistic. The insurer and public...
Texas Windstorm Insurance Rates to Rise Again in January
Sep 12 2013 // The board of Texas insurer of last resort for wind and hail along the Texas coast voted at its August meeting to raise premium rates beginning in January 2014. The Texas Windstorm Insurance Association board of directors...
Oregon Looks At Beefing Up Health Insurance Premium Reviews
Sep 12 2013 // Oregon health officials are considering whether to use the state’s authority to approve or reject health insurance premiums as a tool to drive down health care costs. The idea is one of several suggestions for...
Florida Approves 6.3% Increase In Citizens Homeowners Rates
Sep 11 2013 // Florida homeowners who secure coverage through the state-backed property insurer will see their rates increase by a statewide average 6.3 percent based on a ruling by state regulators. Homeowners with multiperil policies...
Commercial Insurance Prices Continued Up in Q2: Towers Watson
Sep 10 2013 // Commercial insurance prices rose by six percent in aggregate during the second quarter of 2013, marking the 10th consecutive quarter of price increases, according to the latest Commercial Lines Insurance Pricing Survey...
