Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
California Department of Insurance: $20M Rate Reduction for Homeowners
Jan 31 2013 // Insurance Commissioner Dave Jones on Thursday announced today a 35 percent rate reduction for lender-placed homeowner’s insurance coverage offered by QBE Insurance Corp. The rate reduction will result in an estimated...
Florida Senate Democrats to Oppose Property Insurance Rate Hikes
Jan 31 2013 // With Florida lawmakers expected to consider formal changes to the state’s property insurance market next week, state Democrats are signaling that they will likely oppose any measure that results in higher...
State Farm Homeownes Rate Increase Denied in Louisiana
Jan 28 2013 // Louisiana Insurance Commissioner Jim Donelon has declined to approve a recent homeowners rate request filed by State Farm Fire and Casualty Co. (State Farm). State Farm submitted the request for the +16.6 percent rate...
Travelers Insurance Finds Customers Stay Despite Rising Prices
Jan 23 2013 // Travelers Cos. Inc.’s quarterly profit handily beat Wall Street expectations as it charged more for insurance coverage while holding on to its customers, sending its shares up as much as 5 percent to an all-time...
Rising Premiums Do Not Curtail Insurance Spending: Survey
Jan 14 2013 // More than a third of Americans spent more on insurance during the past year, according to a new survey. Some 37 percent of people responding to the survey spent more on insurance over the past year while only 7 percent...
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...
