Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
NCCI Recommends Conn. WC Loss Costs and Rates Increases
Oct 9 2012 // The National Council on Compensation Insurance recently filed a proposal for workers’ comp loss costs and rates increases in Connecticut. The NCCI is proposing that the Connecticut regulators approve a +7.1 percent...
Kaufman Financial Group Acquires Premium Insurance Auditor
Oct 9 2012 // The H.W. Kaufman Financial Group announced the acquisition of Mertens Enterprises Inc. (DBA Tracz & Associates), a provider of premium insurance audit services headquartered in Lockport, Ill. The transaction closed on...
KBW: ‘No Acceleration of Rates’ Into Traditional Hard Market
Oct 8 2012 // Analysts at investment research firm Keefe, Bruyette & Woods recently published a note recapping KBW’s annual insurance conference, held last month in New York. Analysts observed that while the general tone of...
Florida’s Citizens Defends Proposed 11.2% Rate Increase
Oct 8 2012 // Executives of Florida’s state-backed insurer defended a proposed statewide average 11.2 percent increase in homeowners rates as regulators, consumer advocates and other officials questioned the need for the...
Florida PIP Reforms Reduce Hikes But Not Many Premiums Thus Far
Oct 5 2012 // Florida regulators are optimistic that the state’s no-fault auto reforms are having a positive effect on the market and will eventually cut premiums for drivers. But for now they are telling the public that the...
North Carolina Insurers Seek 17.7% Increase in Homeowners Rates
Oct 4 2012 // North Carolina homeowners could see their first rate increase in four years as the state’s rating bureau called for a statewide average 17.7 percent increase in loss cost rates. The North Carolina Rate Bureau filed...
Florida Approves 10.8% Rate Hike for Citizens; Also 21.4% for Sinkholes
Oct 4 2012 // Florida regulators have approved a 10.8 percent statewide average homeowners insurance rate increase and a 21.4 percent increase in sinkhole rates for the state-backed property insurer. Insurance Commissioner Kevin McCarty...
Health Plan Cost Rate Hikes Lower for Large Employers in 2012: Aon
Oct 3 2012 // In 2012, large U.S. companies and their employees saw the lowest health care premium rate increases in six years, according to an analysis by Aon Hewitt, the global human resources firm. The average health care premium...
Rate Hikes Approved for Florida Citizens
Oct 2 2012 // The Florida Office of Insurance Regulation
Florida Approves State Farm 6.4% Homeowners Rate Increase
Sep 28 2012 // Florida regulators have approved an average 6.9 percent rate hike for State Farm Florida Insurance Co., which is the insurer’s fifth increase in as many years. The insurer had initially sought an average 14.9 percent...
Florida’s Citizens Defends Proposed 11.2% Rate Increase at Hearing
Sep 25 2012 // Executives of Florida’s state-backed insurer defended a proposed statewide average 11.2 percent increase in homeowners rates as regulators, consumer advocates and other officials questioned the need for the...
Rate Hikes Lead to Less Insurance Coverage for Louisiana Parish Schools
Sep 24 2012 // The Livingston Parish School Board will cut the district’s property insurance coverage in half to keep from paying an additional $224,000 in annual premiums. The Advocate reports the board voted unanimously to lower...
Travelers CEO Fishman: Rate Hikes Continuing
Sep 24 2012 // Insurance rates continued to rise in the third quarter for both businesses and individual customers, extending the pricing power that developed late last year, insurer Travelers Cos. Inc. said this month. In a slide...
State Farm Lloyds Files Homeowners Rate Increase in Texas
Sep 13 2012 // State Farm Lloyds says it intends to increase homeowners rates in Texas by an average 20 percent. The company announced it has submitted a rate filing to the Texas Department of Insurance. The actual premium change for any...
Travelers’ CEO Fishman: Rate Increases Continuing
Sep 11 2012 // Insurance rates continued to rise in the third quarter for both businesses and individual customers, extending the pricing power that developed late last year, insurer Travelers Cos. Inc. said on Tuesday. In a slide...
Commercial Lines Pricing Jumps 6% in Q2: Towers Watson
Sep 10 2012 // Commercial insurance prices experienced the largest rise in eight years, a new industry survey reveals. In aggregate, commercial lines pricing jumped by 6 percent during the second quarter of 2012, the sixth consecutive...
Massachusetts Rejects 18.8% WC Rate Hike Proposal
Sep 10 2012 // Massachusetts Division of Insurance announced on Aug. 30 that it has rejected a request to raise the state’s workers’ compensation rates by 18.8 percent. Massachusetts regulators’ decision to strike down...
Top 25 Workers’ Compensation Insurers Grow Premium 29.8% Based on June 30, 2012 Results Versus June 30, 2011
Sep 10 2012 // Demotech’s review of second quarter 2012 data, as reported by insurers to the National Association of Insurance Commissioners, shows that industry workers’ compensation direct written premiums continued to...
Florida Workers’ Compensation Writers Seek Rate Hike Again
Sep 10 2012 // Florida workers’ compensation insurers are seeking a statewide average 6.1 percent rate hike. If approved, the filing by the National Council on Compensation Insurance (NCCI) would mark the third consecutive...
WCIRB May Reduce Rate Increase to 11.6%
Sep 6 2012 // Committees for the Workers’ Compensation Rating Bureau looking at data based on the savings promised by a bill to reform the state’s workers comp system may be recommending an adjustment to WCIRB’s...
