Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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)...
Alabama Regulators Call for Hearing on Proposed Workers’ Comp Rate Decrease
Oct 27 2011 // Alabama regulators are preparing to hold a public hearing on a proposed statewide average 9.3 percent decrease in the state’s workers’ compensation rates. The National Council on Compensation Insurance...
Florida Approves 8.9% Workers’ Comp Rate Increase
Oct 25 2011 // Employers in Florida will be paying more for workers’ compensation coverage next year following the state insurance chief’s approval of an 8.9 percent statewide average rate hike. Florida Insurance Commissioner...
Marsh Says Workers’ Comp Rates Fell 1.1% on Average in Q3
Oct 25 2011 // Workers’ compensation rates decreased an average of 1.1 percent and a median of 1.5 percent at renewal during the third quarter, according to Marsh. The New York-headquartered brokerage firm released the data on Oct....
California’s Temporary Total Disability Rate for 2012 To Increase
Oct 21 2011 // The California Division of Workers’ Compensation announced on Friday that the minimum and maximum temporary total disability rates for 2012 will increase on Jan. 1. The minimum TTD rate will increase to $151.57 and...
Survey: A Few More Years Before Med Liability Market Hardens
Oct 17 2011 // According to a new annual rate survey by Medical Liability Monitor, base-rate premiums for medical professional liability insurance (MPLI) continued their downward trend for a sixth consecutive year. The current soft...
Top 25 P/C Insurers’ Direct Premium Growth Increases 11%, June 30, 2011 Versus June 30, 2010
Oct 17 2011 // Property/casualty insurance companies continued to serve their clients despite the tough economic conditions that have defined the better part of the past decade as well as an increased number of catastrophic events in the...
Florida’s Citizens Approves Rate Hikes Including for Sinkhole Coverage
Oct 14 2011 // Florida residents covered through the state’s largest homeowner insurer will soon pay more for coverage after the insurer ratified a number of rate hikes recently approved by regulators. The Citizens Property...
New Jersey Workers’ Comp Insurers Seek 6.9% Rate Hike
Oct 12 2011 // The New Jersey Compensation Rating & Inspection Bureau has filed a request with regulators to increase workers’ compensation rates by 6.9 percent effective 2012. “It will be reviewed by the Department of...
Commodity Pricing Volatility Increases Under-insurance Risks Says Marsh
Oct 7 2011 // Marsh has issued a report, which highlights the rising gap between insurance coverage amounts and the actual costs that may be incurred in rebuilding and repairing after a loss due to rising commodity...
Survey: A Few More Years Before Med Liability Market Hardens
Oct 6 2011 // According to a new annual rate survey by Medical Liability Monitor, base-rate premiums for medical professional liability insurance (MPLI) continued their downward trend for a sixth consecutive year. The current soft...
Coastal Alabama Rates Going Down
Oct 3 2011 // Alabama homeowners insured by the state’s property insurer of last resort are paying less after the insurer implemented its first rate decrease in three years. The Alabama Insurance Underwriting Association last...
Citizens Goes Along with Reduced Florida Sinkhole Rate Hike Decision
Oct 3 2011 // Florida’s state’s-backed property insurer has indicated it will implement a newly-approved sinkhole rate increase even though it falls far short of what it says it needs. Insurance Commissioner Kevin McCarty...
Workers’ Compensation Rate Hike for Oregon
Sep 30 2011 // The Department of Consumer and Business Services announced the pure premium rate for workers’ compensation will increase 1.9 percent starting in 2012, the first rate hike in Oregon in more than 20 years. The decision...
Florida Regulator Slashes Sinkhole Rate Hike, Lowers Others
Sep 20 2011 // Florida residents who have sinkhole insurance through the state-backed property insurer will not have to pay a proposed statewide average 447 percent increase. Citizens Property Insurance Corp. customers will also be...
Workers’ Comp Rates Advisory Rates Decrease in Illinois
Sep 19 2011 // The Illinois Department of Insurance approved an 8.8 percent decrease in voluntary advisory workers’ compensation rates. The new rate, filed by the National Council on Compensation Insurance, became effective on...
Home Insurers in Georgia Want to Hike Rates
Sep 19 2011 // A year after most Georgia insurers increased homeowners premiums by 9 to 23 percent, a new wave of increase requests is pending. State Farm, Georgia’s largest writer of homeowners policies, is seeking a 7 percent...
Washington Prepares for Workers’ Comp Rate Increase
Sep 19 2011 // A workers’ compensation rate increase may be in store for Washington for 2012. A final decision is expecetd in December. The state’s Department of Labor & Industries (L&I) has asked the Workers’...
Insurance Rates for Coastal Alabama Homeowners Going Down
Sep 15 2011 // Alabama homeowners insured by the state’s property insurer of last resort are paying less after the insurer implemented its first rate decrease in three years. The Alabama Insurance Underwriting Association last...
State Farm Seeks 10% Homeowners Rate Hike in Texas
Sep 14 2011 // State Farm Insurance has filed notice seeking an average 10 percent increase in Texas homeowner rates. But company officials say discounts will be boosted to hold the actual premium hike to 1.4 percent statewide. The...
