Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
Louisiana Citizens Considering Commercial Property Rate Increase
Nov 7 2012 // Louisiana Citizens Property Insurance Corp.’s board is expected to approve increasing its commercial coverage rates by an average of 45.1 percent statewide this week. Almost all of Citizens’ roughly 5,700...
Conn. Regulators Weigh Workers’ Comp Rate Hike Proposal
Nov 5 2012 // Connecticut Insurance Commissioner Thomas Leonardi announced a 30-day public comment period on the National Council on Compensation Insurance (NCCI) voluntary loss cost and assigned risk rate filing. The comment period,...
Florida Workers’ Comp Rates Going Up
Nov 5 2012 // Florida Insurance Commissioner Kevin McCarty said he will approve a 6.1 percent rate increase to become effective January 1, 2013 for workers’ compensation. The decision was based on a filing submitted for insurers...
Marsh: Excess Casualty Rates Continue to Rise
Nov 5 2012 // Excess casualty insurance rates continued to rise in the third quarter of 2012, as insurers sought higher prices amid increasing claims and litigation trends, and a low interest rate environment, insurance broker Marsh...
Marsh: Excess Casualty Rates Continue to Rise
Nov 5 2012 // Excess casualty insurance rates continued to rise in the third quarter of 2012, as insurers sought higher prices amid increasing claims and litigation trends, and a low interest rate environment, insurance broker Marsh...
Q2 Direct Premium Written Up Nearly 5% for P/C Companies
Nov 5 2012 // Overall, property/casualty insurance companies continued to serve their clients during an increased number of catastrophic events in 2011 as well as the tough economic conditions that have defined the better part of the...
AIG Profit Gains on Investments; P/C Earnings Fall But Pricing Improves
Nov 1 2012 // American International Group Inc. earned a larger-than-expected profit during the third quarter, due in part to big gains on its investment holdings. Questions about the sustainability of those profits, and uncertainty...
Southern California-based Mercury Corp.’s 3Q Net Premiums Up 3.4%
Oct 29 2012 // Mercury General Corp.’s net premiums written for the third quarter rose 3.4 percent to more than $684 million, the Los Angeles, Calif.-based company reported on Monday. Mercury reported third-quarter net income of...
