Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
N.Y. Regulators Launch Audit of Rising Health Insurance Rates
Feb 16 2012 // The New York State Department of Financial Services has launched a wide-ranging probe of the accuracy of the data used by insurers and health maintenance organizations (HMOs) to request health insurance rate...
Selective Posts $16M Q4 Profit; Jan. Commercial Renewal Rates Up 4.5%
Feb 7 2012 // Selective Insurance Group, based in Branchville, New Jersey, reported $16.1 million for its 2011 fourth-quarter net income, down 32 percent from one year ago when the insurer posted $23.8 million profit. For the 2011 full...
Mercury General Corp.’s 4Q Net Premiums Up Slightly; Declares Quarterly Dividend
Feb 6 2012 // Mercury General Corp. announced on Monday that net premiums written were $618.6 million in the fourth quarter of 2011, a 0.2 percent increase compared from the fourth quarter of 2010, and net premiums were $2.6 billion for...
Conning: P/C Premiums to Grow 3% to 4% in 2012
Feb 6 2012 // Property/casualty insurers are facing a difficult environment in 2012, according to a forecast from analysts at a Hartford, Conn., insurance consulting firm. The difficult environment will include volatility in the...
Mass. AG Calls Proposed Homeowners Premium Hike ‘Illegally Excessive’
Feb 6 2012 // Massachusetts Attorney General Martha Coakley is opposing a recently proposed home insurance rate request for 150,000 consumers, calling it illegally excessive. She made her remarks during her testimony before the...
Workers’ Comp Rate Hike Irks Florida Businesses
Feb 6 2012 // Florida small businesses seeing their second workers’ compensation rate increase in as many years are calling on the state to reduce the increase because they fear it will harm the economy. A small business group is...
Six Northeastern States Saw Average Auto Premium Rates Fall, NAIC Says
Feb 6 2012 // Six Northeastern states saw their annual average auto premium fall, according to the latest data from the National Association of Insurance Commissioners. They are: Massachusetts, New Hampshire, Pennsylvania, Rhode Island,...
Travelers’ Commercial Renewal Rates Up 8% in Q4
Feb 6 2012 // Travelers Companies Inc.’s business insurance had renewal premium rate gains of 8 percent for the fourth quarter 2011 and 10 percent for December, said CEO Jay Fishman. He offered his remarks during the earnings call...
Farmers Insurance Rate Hike in Texas Set for March
Feb 3 2012 // Farmers Insurance will raise homeowner premiums by nearly 10 percent after Texas regulators declined to object to the increase. The Dallas Morning News reported that the rate hike, set for mid-March, will apply to about...
W.R. Berkley Posts Q4 Profit of $118M; Average Renewal Rates Up 4.2%
Feb 1 2012 // W.R. Berkley Corporation reported net income of $117.9 million for its 2011 fourth quarter, a 7 percent decline compared to the same period one year ago when the company reported $126.9 million net income. The Greenwich,...
Chubb Says Commercial Renewal Rates Rose 6% in Q4, Up From 4% in Q3
Jan 30 2012 // Chubb Corporation said its commercial insurance renewal rates were up 6 percent in the 2011 fourth quarter, as the pace of renewal rate increases continues to accelerate. Chubb also said it secured renewal rate hikes in...
Mass. AG Calls Proposed Homeowners Premium Hike ‘Illegally Excessive’
Jan 25 2012 // Massachusetts Attorney General Martha Coakley is opposing a recently proposed home insurance rate request for 150,000 consumers, calling it illegally excessive. Mass. Attorney General Martha Coakley. Photo credit: Attorney...
Travelers CEO: Business Insurance Renewal Price Up 10% in December
Jan 25 2012 // Travelers Companies Inc.’s business insurance had renewal premium rate gains of 8 percent for the fourth quarter 2011 and 10 percent for December, said CEO Jay Fishman. He offered his remarks during the company...
Allstate Wants a Rate Increase in Louisiana
Jan 25 2012 // Allstate Corp. is asking to raise rates for 144,000 Louisiana homeowners who get their insurance coverage from two Allstate companies. According to the state insurance department, Northbrook, Ill.-based Allstate wants an...
Travelers: Q4 Profit Down But Pricing Rebounds Sharply
Jan 24 2012 // Travelers Companies Inc. reported a smaller profit for the fourth quarter, as it released less money from its reserves than a year earlier, though it also reported its biggest rate increases in eight years as the industry...
Conning: P/C Premiums to Grow 3-4% in 2012
Jan 23 2012 // Property/casualty insurers are facing a difficult environment in 2012, according to a forecast from analysts at a Hartford insurance consulting firm. The difficult environment will include volatility in the economy, the...
Florida Workers’ Comp Rate Hike Irks Businesses
Jan 23 2012 // Florida small businesses seeing their second workers’ compensation rate increase in as many years are calling on the state to reduce the increase because they fear it will harm the economy. A small business group is...
Despite Heavy Catastrophe Losses, Top 25 P/C Insurers Report Premium Growth, Net Income Through Third-Quarter 2011
Jan 23 2012 // Amid the continued difficult economic conditions, a heightened frequency of catastrophic events in 2011 has resulted in nearly $40 billion of losses to insurers. The losses associated with these catastrophes have been...
Texas-Based CAA Sees Nearly 20% Premium Growth in Q3 2011
Jan 20 2012 // Combined Agents of America LLC (CAA), headquartered in Austin, Texas, reported 19.5 percent growth in written property/casualty premiums in the third quarter of 2011, compared with the same period in 2010. CAA, whose 47...
Ohio Property Insurance Rates Expected to Rise After Storms
Jan 20 2012 // Ohio’s relatively low rates for property insurance are expected to rise in 2012 due to the damaging storms of recent years. An insurance agent in Middletown in southwest Ohio says Mother Nature has had her way with...
