Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
New Swiss Re sigma study Reveals Global Premium, Capital Growth
Jul 6 2011 // A new study in Swiss Re’s sigma series concluded that the global insurance industry has returned to a pattern of growth. The study – World insurance in 2010 – reveals growth in global premium volume and...
Commercial Auto Claims on the Rise – Will Rates Come Next?
Jul 4 2011 // An increase in claims from cargo theft and freight physical damage is expected to lead to higher insurance rates in the commercial auto class, a welcome development for some insurers after years of prices going...
Survey Shows Europe’s Top 10 P&C Insurers Grew Premiums by 5.2% in 2010
Jul 1 2011 // Spain’s MAPFRE has published its 7th annual survey of Europe’s non-life insurers, ranking them by gross premiums written. The survey found that “all the companies achieved an increase in premium revenues...
State Farm Wants 8% Homeowners Rate Increase in Louisiana
Jun 22 2011 // State Farm Fire & Casualty Co., Louisiana’s largest insurer of homes, is asking state insurance regulators for permission to boost premiums by an average 8.5 percent. In a filing released by the state insurance...
Calif. Workers’ Comp Total Temporary Disability Rates to Increase
Jun 20 2011 // California workers’ compensation total temporary disability (TTD) rates are likely to rise, thanks to new U.S. Department of Labor data that shows California’s State Average Weekly Wage (SAWW) rose more than...
Commercial Insurance Prices Still Flat But Workers’ Comp Moving Up
Jun 20 2011 // Commercial insurance prices were relatively flat for the ninth consecutive quarter, and new data confirm the deterioration of loss ratios in accident-year 2010. Price reductions continued for commercial property and...
Calif. Temporary Total Disability Rates to Increase
Jun 17 2011 // As predicted by the California Workers’ Compensation Institute, the temporary total disability rate in California for 2012 will increase to $1010.50. The state Division of Workers’ Compensation announced the...
Commercial Insurance Prices Still Flat But Workers’ Comp Moving Up
Jun 13 2011 // Commercial insurance prices were relatively flat for the ninth consecutive quarter, and new data confirm the deterioration of loss ratios in accident-year 2010. Price reductions continued for commercial property and...
Calif. Workers’ Comp Total Temporary Disability Rates to Increase
Jun 8 2011 // New U.S. Department of Labor data shows California’s State Average Weekly Wage (SAWW) rose more than 2.4% from $979.90 to $1003.55 in the 12 months ending March 31, 2011, which the California Workers’...
Massachusetts AG Urges Rate Reduction for Commercial Auto
Jun 6 2011 // Massachusetts Attorney General Martha Coakley claims insurers have overcharged commercial auto customers by a combined $1 billion over the last seven years and has asked the state’s insurance commissioner to force...
USAA Reducing Calif. Homeowners Insurance Rates 15%
Jun 1 2011 // USAA is reducing insurance rates for most of its California policyholders an average of 14.9 percent, the California Department of Insurance announced, noting it had approved the rate filing. “This is good news for...
Ariz. Insurance Premiums Written Decline
May 31 2011 // Property/casualty insurance premiums written in Arizona have declined in 2009 to $7.6 billion, down from $8.1 billion in 2008, according to a recent economic impact report. According to the Arizona Insurance Council, which...
Insurers Eye Rate Increases as Hurricane Season Approaches
May 26 2011 // Property and casualty insurers craving respite from a long-running drop in prices are eyeing the start of the U.S. hurricane season next week in the hope that summer windstorms will finally turn the market. The June 1 to...
South Carolina Beach Pool Rates Going Up 9.8%
May 25 2011 // For the first time in four years, South Carolina residents living along the state’s coastline are going to have to pay more for insurance. The South Carolina Department of Insurance has approved a statewide average...
Massachusetts AG Urges Rate Reduction for Commercial Auto
May 24 2011 // Massachusetts Attorney General Martha Coakley claims insurers have overcharged commercial auto customers by $1 billion over the last seven years and has asked the state’s insurance commissioner to slash premiums for...
Oklahoma Schools Insurance Rates Go Up After Storms
May 23 2011 // More than 400 Oklahoma schools have received notices of expected insurance rate increases averaging 19.5 percent. The notice from the Oklahoma Schools Insurance Group, which provides various types of coverage to 440 of...
Mississippi Limits Home Premium Hikes Tied to Fire Risk Classification
May 20 2011 // Mississippi regulators have moved to limit homeowners’ insurance premium hikes that result from changes in an insurer’s fire grading system. Mississippi Insurance Commissioner Mike Chaney has instructed...
Fidelity National Seeks 27% Florida Homeowners Rate Hike
May 20 2011 // Jacksonville-based Fidelity National Property and Casualty Insurance Co., which covers some 12,000 homeowners in the state, is seeking a statewide average 27 percent rate increase. At a public rate hearing, Fidelity...
Calif. Workers’ Comp Premium Written Edges Up to $7.1B
May 18 2011 // California workers’ compensation insurers’ total direct written premium (DWP) rose 3.1 percent to $7.1 billion last year, according to data from the National Association of Insurance Commissioners (NAIC) posted...
Calif. Surplus Line Premiums Down 4.34%
May 17 2011 // The Surplus Line Association of California Stamping Office announced premiums processed for the first quarter of 2011 of $953.7 million, a decrease of 4.34 percent from the total premiums processed in the same period in...
