Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Increasing Retentions: The Hidden Premium Increase
Nov 4 2013 // Is the market hardening? A Google search shows that most experts think it is, and it is nearly impossible to find a professional journal without an article discussing the topic. The premium increases that are being...
Bipartisan Deal Reached to Delay Flood Insurance Premium Hikes: Waters
Oct 28 2013 // Key House and Senate members have reached a bipartisan deal to delay changes to the federal flood insurance program that are raising premiums for many homeowners. The bill would require regulators to address affordability...
P&I Club Steamship Mutual Plans Rate Hikes
Oct 28 2013 // Following a Board of Directors meeting, London-based Steamship Mutual announced that it has “reviewed the Club’s open policy years, as well as claims in earlier years, and considered the premium ratings...
Louisiana Lawmakers Urged to Act on Flood Insurance Rate Hikes
Oct 24 2013 // Louisiana lawmakers are being urged to reach out to their colleagues in other states, to draw more attention to dramatic rate increases in flood insurance costs around the nation. Don Cravins, chief of staff for U.S. Sen....
Flood Insurance Price Increases Affecting Home Sales
Oct 24 2013 // Rangel Dockery and her husband bought a waterfront house in Florida four months ago, assuming their $2,000-a-year flood-insurance premium would remain about the same. After reading recently about a change in the federal...
Florida Regulators Disapprove NCCI’s 1% WC Rate Increase Proposal
Oct 23 2013 // Florida Insurance Commissioner Kevin McCarty today issued an order notifying the National Council on Compensation Insurance (NCCI) that its 1-percent proposed annual rate filing increase in Florida’s workers’...
Europe a Reinsurance Buyer’s Market Says Willis Re; Rates Down 5-10%
Oct 22 2013 // In a report from Baden-Baden, Willis Re, the reinsurance arm of Willis Group Holdings plc, notes that “increased capacity, competition and changing market dynamics have created a buyer’s market for European...
W.R. Berkley Q3 Profit Rises 36% to $137M; Rates on Renewed Policies Up 6.4%
Oct 22 2013 // W.R. Berkley Corp. reported $136.97 million net income for its 2013 third quarter, up 36 percent from $100.95 million income posted during the same period in 2012. For the first nine months of this year, net income came in...
Aon Benfield 1st Half 2013 Lloyd’s Report: Premiums up; Profits Down
Oct 17 2013 // Aon Benfield’s Analytics’ Market Analysis team has updated its report on Lloyd’s to reflect the latest financial figures for the first half of 2013 and business position going into 2014. Key figures in...
With Rate Hikes Looming, Florida Weighs Private Flood Insurance Options
Oct 11 2013 // With thousands of Florida homeowners facing significant increases in their federal flood insurance premiums, state lawmakers are considering ways to open up the market to private insurers. Industry experts, however, say...
D&O Liability Insurance Rates Fell in Q2: Marsh
Oct 10 2013 // U.S. publicly-traded clients paid 4.9 percent more on average for their primary directors and officers liability (D&O) coverage in the second quarter, according to global broker Marsh. However, Marsh said, when...
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...
