Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Florida’s Citizens Plans Condo Rate Hike
Dec 5 2011 // Florida residents in high-value condominium buildings insured by the state-backed insurer could see their premiums rise 19 percent. Rates charged by Citizens Property Insurance Corp. for its commercial residential...
State Farm Hikes Homeowner Policy Rates, Deductibles in Texas
Dec 2 2011 // A new insurance commissioner has allowed State Farm to charge higher rates and deductibles in Texas. State Farm Insurance on Dec. 1 was authorized to switch many of its 1.2 million homeowner policies to a higher...
Property Insurance Rates on the Rise: Marsh
Dec 2 2011 // Nearly half of the U.S. property insurance policies renewed in the current quarter have been at higher prices, brokerage Marsh said on Friday, adding fuel to an industry turnaround after years of declining rates. Marsh...
Swiss Re Economists See Weak Growth; Some Market Hardening; EU Peril
Dec 2 2011 // Swiss Re presented its latest analysis of the global economic outlook and its potential impact on the insurance industry at an economic forum in London yesterday, December 1. Chief Economist Kurt Karl began the discussion...
Lockton Market Update Sees Signs of End to Executive Risks Soft Market
Nov 23 2011 // A new updated report from insurance broker Lockton concludes that the “prolonged buyer’s market in the executive risks insurance market may be ending.” Lockton’s William Boeck, in the U.S. executive...
Ohio Rolls Out Rating Plan Aimed at Increasing Return to Work Rates
Nov 21 2011 // The Ohio Bureau of Workers’ Compensation (BWC) has introduced a new rating plan that encourages employers to maintain safe workplaces and to work with injured workers to speed their return to work. The new rating...
AIG Says Commercial Line Rate Hike Is Accelerating
Nov 21 2011 // American International Group said recently its U.S. commercial line rates are increasing at an accelerated pace. A number of other major insurers have offered similar observations in the latest earnings season. “In...
Citizens Rate Hikes
Nov 21 2011 // Louisiana Citizens Property Insurance Corp. plans a 22.1 percent rate increase for its 5,734 commercial policyholders, which could mean an increase of about $700 in the average policy premium. The new rates would take...
Maine Workers’ Comp Rates to Go Down Next Year
Nov 18 2011 // Maine Insurance Superintendent Eric Cioppa said the Bureau of Insurance has approved the National Council on Compensation Insurance’s request to decrease workers’ comp loss costs in the state by an average of...
Property Catastrophe Market to See Price Hikes: Lockton
Nov 17 2011 // Large catastrophe losses and the prospect of poor investment returns are paving the way for much tougher market conditions for commercial property insurance buyers, according to a new report The new report — the Lockton...
Fast Growth in Price for Non-hospital Services in Indiana Work Comp
Nov 17 2011 // The price for non-hospital services in Indiana’s workers’ compensation system in 2010 was the third highest of the 25 states in a study conducted by the Workers Compensation Research Institute (WCRI). The price...
Soft Market Has Hit Bottom for Commercial Lines, New RIMS Survey Says
Nov 16 2011 // Risk and Insurance Management Society’s latest survey found average renewal premium rates rising in three out of the four business lines it tracked. This “strongly suggests” that an eight-year period of...
Florida’s Citizens Plans 19% Rate Hike on High-Value Coastal Condos
Nov 16 2011 // Florida residents living in high-value condominium buildings insured by the state’s government-run homeowners’ insurer could see their rates increase by 19 percent on average. Citizens Property Insurance Corp.,...
Florida’s Citizens Seeks Lawmakers’ Help to Raise Rates, Shrink Size
Nov 16 2011 // Florida’s largest property insurer wants sweeping changes — including the ability to charge higher rates — in the coming year. It may be a hard sell during a contentious election year, but the board that governs...
Louisiana Citizens Increases Commercial Premiums
Nov 14 2011 // The board of the Louisiana Citizens Property Insurance Corp. has given final approval to a 22.1 percent rate increase for its 5,734 commercial policyholders, a move that could mean an increase of about $700 in the average...
Florida Workers’ Comp Rates to Rise; Doctor-Dispensed Drug Costs Eyed
Nov 7 2011 // Employers in Florida will be paying more for workers’ compensation next year following the state insurance chief’s approval of an 8.9 percent statewide average rate hike. Florida Insurance Commissioner Kevin...
AIG Says Commercial Line Rate Hike Is Accelerating
Nov 4 2011 // American International Group said its U.S. commercial line rates are increasing at an accelerated pace. A number of other major insurers have been offering similar observations in this earnings season. “In U.S....
Steamship Mutual Sets 5% Premium Increase for 2012
Nov 3 2011 // The Directors of the London-based Steamship Mutual P&I Club “recently reviewed the Club’s open policy years, as well as claims in earlier years, and considered the premium ratings required for the 2012...
Colorado Workers’ Compensation Rates to Rise in 2012
Nov 2 2011 // Colorado employers will see an increase in workers’ compensation insurance premiums in 2012. The Colorado Division of Insurance announced that the “loss costs” component of workers’ compensation...
Ohio Public Employer Workers’ Comp Rates Falling
Oct 28 2011 // Ohio’s 3,900 public employer taxing districts will pay an estimated $22 million less for workers’ compensation coverage next year following tadecision by the Ohio Bureau of Workers’ Compensation (BWC)...
