Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
Report: Louisiana Homeowners Insurance Rates Rising More Slowly
Jan 16 2012 // Homeowners insurance premiums in Louisiana remain among the nation’s highest, but are rising much more slowly than they did in the first two years after Hurricane Katrina, new data from by the National Association of...
Florida Workers’ Compensation Rate Hike Irks Businesses
Jan 16 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...
Consumer Group Hammers Mercury Rate Increase Filing in California
Jan 9 2012 // A California consumer group is challenging a rate hike bid by Mercury Insurance because the group claims the company is trying to pass along the costs of its political campaigning. But the insurer says those costs are not...
Kansas Commissioner Rebuffs Proposed Workers’ Comp Rate Hike
Jan 9 2012 // Kansas’ top insurance regulator refused a proposed workers’ compensation rate increase and actually got the rate to drop slightly, the state insurance department announced. Insurance Commissioner Sandy Praeger...
Abram Interstate Adds a Market for Hard-to-Place Risks
Jan 6 2012 // Abram Interstate Insurance Services has added a new carrier that will provide competitive pricing and flexibility for hard-to-place accounts in California. Some of the products the new market will cover include roofing,...
Consumer Group Hammers Mercury Rate Increase Filing in California
Dec 22 2011 // A California consumer group is challenging a rate hike bid by Mercury Insurance because the group claims the company is trying to pass along the costs of its political campaigning. But the insurer says those costs are not...
Kansas Insurance Regulator Rebuffs Proposed Workers’ Comp Rate Increase
Dec 22 2011 // Kansas’ top insurance regulator has refused a proposed workers’ compensation rate increase and actually got the rate to drop slightly, the state insurance department announced. Insurance Commissioner Sandy...
Florida’s Citizens Pulls Back on Condominium Rate Hikes for Now
Dec 20 2011 // Florida condominium buildings that rent out 25 percent of their units will see no rate increase for now despite playing a key role in the state’s largest property insurer’s plan to reduce its policy...
Allstate Rates for Texas Homeowners Could Go Up
Dec 19 2011 // Allstate Insurance has asked Texas regulators to allow the company to raise homeowner rates by nearly 10 percent for some customers. Allstate spokesman Joe McCormick told the Dallas Morning News that the industry is...
Property Rates on the Rise
Dec 16 2011 // Nearly half of the U.S. property insurance policies renewed in the current quarter have been at higher prices, brokerage Marsh said, adding fuel to an industry turnaround after years of declining rates. Marsh said 48...
State Farm Gets 7.8% Homeowners Rate Hike in Louisiana
Dec 9 2011 // Louisiana has allowed its largest insurer of homes to raise its rates by an average 7.8 percent. State Farm Fire and Casualty Co. spokeswoman Molly Quirk told The Associated Press that the $32.2 million increase goes into...
