Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Florida’s Citizens to Weigh Rate Hikes Today
Jul 16 2012 // The new president of the state-backed Citizens Property Insurance Corp. meets with the insurer’s governing board for the first time, looking for consensus on finalizing the insurer’s rate request for next...
Texas Home Insurance Premiums Up Since 2009
Jul 12 2012 // A report from the Texas Department of Insurance says that homeowners insurance premiums in Texas have gone up 21 percent since 2009. The report that state Insurance Commissioner Eleanor Kitzman presented to a Senate...
Vermont Flood Insurance Customers Could See Rate Hikes of Up to 20%
Jul 9 2012 // Some of Vermont’s estimated 3,700 flood insurance customers could see their premiums increase by up to 20 percent. Since Hurricane Katrina in 2005, the National Flood Insurance Program has been operating at a loss...
Ohio Storm Victims Could Get Interest Rate Reduction
Jul 3 2012 // Small business owners, farmers and other Ohioans affected by severe weather this weekend might be eligible for interest rate reductions on loans to recover or rebuild from the storm damage. Ohio Treasurer Josh Mandel said...
Willis Re Reports Some Reinsurance Rate Increases, but No Market Turn
Jul 3 2012 // “Rate increases in the North American and International reinsurance markets are due to modest losses and poor results – not a hardening market,” according to a newly release report from Willis Re, the...
P/C Industry Should Not Expect Traditional Hard Market Soon: Hartwig
Jul 2 2012 // Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the traditional hard market this year or next, an insurance expert told reinsurance...
City Drivers’ Rates Too High, Too Variable, Says Consumer Group
Jul 2 2012 // The Consumer Federation of America (CFA) says that most good drivers — those with no accidents or moving violations — who live in moderate-income areas in 15 cities are being quoted what the group maintains are high...
State Farm Seeks 14.9% Jump in Florida Property Insurance Rates
Jun 28 2012 // Florida’s third largest property insurer is seeking a statewide average 14.9 percent increase in property rates as part of a plan to shore-up its fiscal condition while revamping the deductibles and discounts it...
Marsh Reports Global Insurance Prices up 1.4% in Q2; Sees Further Increases
Jun 28 2012 // Global insurance prices are set to rise for a third consecutive quarter as the industry strives to bolster its finances after paying near-record catastrophe claims last year, insurance broker Marsh said on...
P/C Industry Should Not Expect Traditional Hard Market Soon: Hartwig
Jun 26 2012 // Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the traditional hard market this year or next, an insurance expert told reinsurance...
Swiss Re Chief Economist Sees Rising Rates by Year End
Jun 22 2012 // On the heels of the decision by the U.S. Federal Reserve to maintain the target fed funds rate at zero to 25 basis points Swiss Re’s Chief Economist, Kurt Karl, commented: “The US economy has been weak...
Rates for Good Drivers in Cities Too High, Too Variable, Says Consumer Group
Jun 19 2012 // The Consumer Federation of America (CFA) says that most good drivers — those with no accidents or moving violations — who live in moderate-income areas in 15 cities are being quoted what the group maintains are...
Commercial Insurance Prices Continue to Rise: Towers Watson
Jun 18 2012 // Commercial insurance prices in aggregate increased by nearly 5 percent during the first quarter of 2012, the fifth consecutive quarter that prices rose. In addition, commercial insurers’ loss ratios stabilized for...
Commercial Insurance Prices Continue to Rise: Towers Watson
Jun 11 2012 // Commercial insurance prices in aggregate increased by nearly five percent during the first quarter of 2012, the fifth consecutive quarter that prices rose. In addition, commercial insurers’ loss ratios stabilized for...
N.Y. Comp Insurance Rating Board Seeks 11.5% Rate Hike
Jun 4 2012 // The New York Compensation Insurance Rating Board (NYCIRB) submitted to the Department of Financial Services on May 17 a loss-cost filing for an overall average loss cost change of +11.5 percent. The change in loss cost...
Massachusetts Drivers See Insurance Rates Rise
Jun 4 2012 // Massachusetts drivers are starting to see higher auto insurance rates, four years after they tumbled when the state opened the market to more competition. Many of the state’s largest auto insurers have raised rates...
Home Insurance Rates Rising
Jun 4 2012 // Homeowners insurance premiums went up 19 percent on average nationwide, according to a report from an online insurance provider. Homeinsurance.com said the typical premium for a new policy in December 2011 was $810...
Massachusetts Regulators Reject FAIR Plan’s Rate Hike Request
May 21 2012 // Massachusetts insurance regulators on May 11 rejected FAIR Plan’s request to raise rates by an average of more than 7 percent. FAIR Plan, whose official name is Massachusetts Property Insurance Underwriters...
Staying Positive: Premium Growth Levels Not Seen Since 2006
May 21 2012 // Property/Casualty Direct Premium Growth – Year-End 2011 Versus Year-End 2010 Despite the economic uncertainties, for the year ending Dec. 31, 2011, property/casualty insurance companies in total increased direct...
N.Y. Compensation Insurance Rating Board Seeks 11.5% Rate Hike
May 18 2012 // The New York Compensation Insurance Rating Board (NYCIRB) has submitted to the Department of Financial Services on Thursday a loss-cost filing for an overall average loss cost change of +11.5 percent. The change in loss...
