Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Louisiana Citizens Insurance Proposes 7.7% Rate Hike
Jan 14 2013 // Louisiana’s property insurer of last resort has proposed raising homeowner’s rates an average of 7.7 percent statewide this year. The Advocate reports the Louisiana Citizens Property Insurance Corp.’s...
P/C Direct Premium Written Up 4% Through Third Quarter 2012
Jan 14 2013 // The direct premium growth for property/casualty insurance companies continues to be encouraging. Overall, P/C insurance companies continued to serve their clients during catastrophic events, difficult economic conditions...
Del. N.J., Conn. Approve Workers’ Comp Rate Hikes
Jan 14 2013 // Delaware Insurance Commissioner Karen Weldin Stewart announced on Jan. 4 the approval of an amended filing submitted by the Delaware Compensation Rating Bureau Inc. (DCRB) which proposed an overall average increase of 14.6...
What To Expect: Premium Growth
Jan 11 2013 // Putting together views on the economy and pricing momentum, analysts who supplied premium growth forecasts for 2013, put them in the 3-5 percent range. Conning: Supporting a 4.6 percent forecast for net premium growth,...
California Insurance Chief Criticizes Anthem Rate Hike
Jan 10 2013 // California Insurance Commissioner Dave Jones called Anthem Blue Cross’ proposed rate hike for some of its small-group members is unreasonable, but the insurer says the increase reflects the rising cost of health...
Willis Re Sees No Rate Increases for Jan. 1 Renewals despite Sandy Impact
Dec 31 2012 // Willis Re’s Jan. 1 renewal report points out that 2012 natural catastrophe losses are estimated to be “50 percent less than last year’s losses of $120 billion.” As a result the report concludes that...
Most Commercial Insurance Buyers Accept Coverage Changes, Price Hikes: Survey
Dec 28 2012 // The vast majority of commercial insurance buyers renewing their policies appear willing to accept coverage adjustments, moderate price increases, or both, according to a new survey. Still, the survey of risk managers and...
Texas Windstorm Insurer: Rates to Increase Jan. 1
Dec 26 2012 // Texas’ property insurer of last resort in coastal counties has issued a reminder to agents that while the maximum limits of liability for residential and commercial properties will remain the same in 2013 as they...
New Jersey OKs 8.3% Hike in Workers’ Comp Rates
Dec 18 2012 // The New Jersey Department of Banking and Insurance has approved an 8.3 percent increase in manual rates and rating values applicable to New Jersey workers compensation and employers liability insurance effective January 1,...
Illinois Work Comp Medical Fee Schedule Rates to Increase 1.69%
Dec 13 2012 // Workers’ compensation medical fee schedule rates in Illinois will increase 1.69 percent in 2013, according to the Illinois Workers’ Compensation Commission (IWCC). The IWCC said the hike is less than half the...
Connecticut Regulators Approve NCCI’s WC Loss Costs, Rates Hike Filing
Dec 10 2012 // The Connecticut Insurance Department recently approved National Council on Compensation Insurance’s workers’ compensation insurance filing for a change in voluntary market advisory loss costs and a change in...
Personal Lines Rates Rise 4% in November: MarketScout
Dec 7 2012 // Homeowners and automobile insurance rates are trending up, according to a new industry survey. The composite rate for insuring personal lines business in the United States increased to plus 4 percent for November 2012 as...
Commercial Lines Rates Up 5% in November: MarketScout
Dec 6 2012 // The overall composite rate for insuring commercial accounts in the United States ticked up 5 percent in November 2012 compared to the same month in 2011. According to MarketScout’s Commercial Lines Market Barometer,...
Surplus Lines Premiums on the Rise in Texas
Dec 3 2012 // The amount of surplus lines insurance premium written in Texas rose by 25 percent as of the end of October compared with the same period the year before, signaling a boost to companies operating in this sector. Texas also...
Surplus Lines Premium on the Rise in Texas
Nov 30 2012 // The amount of surplus lines insurance premium written in Texas rose by 25 percent as of the end of October compared with the same period the year before, signaling a boost to companies operating in this sector. The state...
North Carolina Approves 13.2% Dwelling Fire, Extended Coverage Rate Hike
Nov 27 2012 // North Carolina Insurance Commissioner Wayne Goodwin and insurance companies have come to an agreement that allows for a statewide average increase of 13.2 percent for dwelling fire and extended coverage policies, spread...
Agency E&O Outlook: Competition, Hard Market, Healthcare Effects and More
Nov 27 2012 // Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These same trends, however, are reflected in today’s insurance market for agency errors and...
Florida OKs Allstate’s Castle Key Rate Increases
Nov 21 2012 // Florida regulators have approved a statewide average rate increase of 14.9 percent for Allstate ‘s Florida unit, Castle Key Insurance Co. The change will apply to Castle Key’s existing homeowners, renters and...
Iowa Commissioner Approves Workers’ Comp Rate Hikes
Nov 19 2012 // Iowa’s top insurance regulator has approved a rate filing that increases workers’ compensation premium rates in that state beginning Jan. 1, 2013. Insurance Commissioner Susan Voss OK’d a filing by the...
Iowa Commissioner Approves Workers’ Comp Rate Hikes
Nov 8 2012 // Iowa’s top insurance regulator has approved a rate filing that increases workers’ compensation premium rates in that state beginning Jan. 1, 2013. Iowa Insurance Commissioner Susan Voss on Nov. 6 issued an...
