Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
AIG Shares Fall Below Government Breakeven Price
May 17 2012 // Shares in bailed-out insurer American International Group dipped below the government’s breakeven price on its 61 percent stake in the company, just days after the U.S. Treasury completed another offering of its...
Massachusetts Drivers See Insurance Rates Rise
May 16 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...
Louisiana-Based Amerisafe Sees Premium Growth in Q1 2012
May 11 2012 // Amerisafe Inc., a specialty provider of hazardous workers’ compensation insurance headquartered in DeRidder, La., saw a 19 percent growth in premium written during the first quarter ended March 31, 2012, compared...
Mass. Regulators Reject FAIR Plan’s Rate Hike Request
May 11 2012 // Massachusetts insurance regulators on Friday 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...
Catlin Group Records 12% Increase in Gross Premiums in Q1 2012
May 11 2012 // The Bermuda-based Catlin Group Limited’s interim management statement for the first quarter of 2012 highlighted a 12 percent increase in gross premiums written to $1.642 billion for the period, compared to $1.465...
Duplicate Regulation Drives Up Commercial Premiums, Says Iowa Researcher
May 8 2012 // Buyers of commercial liability insurance pay as much as 31 percent more in insurer compliance costs if their insurance company has to comply with regulations from multiple states instead of just a single regulator,...
Travelers Reports $806M Q1 Income; Renewal Rates Are Up
May 7 2012 // The Travelers Companies Inc. reported $806 million in net profit for the 2012 first quarter. The first-quarter profit was down 4 percent when compared to one year ago, but the result during the year-ago period was boosted...
West Insurance Employment: California Job Market to Stay Soft
May 7 2012 // The phrase “Go west young man,” may not apply so well to the insurance industry in the nation’s most populous state. An examination of Bureau of Labor Statistics and Economic Development Department data...
Farmers Rate Hike Request
May 7 2012 // Farmers Insurance Exchange has requested an average 39 percent statewide increase for its 25,500 insured homeowners in Louisiana. Details on which areas would receive the largest increases – or decreases – are...
Rate Hike Proposal Goes to TWIA Board
May 7 2012 // In advance of the June 1 start of hurricane season, the actuarial underwriting committee of Texas’ property insurer of last resort for coastal counties is recommending a rate increase. The committee on April 20...
