Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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)...
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...
