Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
ProMutual Group Holds Rates Steady
May 17 2011 // Boston-based medical malpractice insurer ProMutual Group said it will not increase rates this year for Massachusetts doctors and will pay a 6 percent dividend for a third straight year. The company insures more than 7,500...
Survey: Commercial Lines Prices Fall 3% in Q1
May 16 2011 // Commercial property/casualty pricing declined again with an average decline of 3 percent in the first quarter of 2011. But according to a new industry survey, the pace of pricing declines may be slowing down. The market...
Hiscox Issues Interim Management Statement; Sees Future Rate Hikes
May 10 2011 // Hiscox Ltd., which operates in the U.S., Bermuda and Europe, as well as the Lloyd’s and UK market, has issued its Interim Management Statement for the first three months of the year to 31 March 2011. Hiscox said its...
Survey: Commercial Lines Prices Fall 3% in Q1
May 4 2011 // Commercial property/casualty pricing declined again with an average decline 3 percent in the first quarter of 2011. But according to a new industry survey, the pace of pricing declines may be slowing down. The market...
Louisiana’s Amerisafe Sees Hike in Written Premiums in Q1 2011
May 3 2011 // DeRidder, La.-based Amerisafe, Inc. a specialty provider of hazardous workers’ compensation insurance, announced that premiums earned during the first quarter ended March 31, 2011, rose 9.1 percent over that of the...
Property Rates Expected to Rise From Catastrophes, Revised Cat Model
May 2 2011 // Property insurance rates could be on the rise thanks to first quarter catastrophe losses, including the earthquake and tsunami in Japan, and a revised catastrophe model. During the second quarter, rates for North American...
Mercury General Reports Modest Increase in Net Premiums
May 2 2011 // Los Angeles-based Mercury General Corp. has reported net income in the first quarter 2011 was $58.2 million, compared with net income of $61.2 million for the same period in 2010. Included in net income are net realized...
Overcapacity in P/C Insurance Keeping Commercial Prices Down
May 2 2011 // Most commercial lines insurance prices continued their downward trend in the first quarter, as underwriters’ efforts to hold the line on premiums buckled under the pressure of a highly overcapitalized market. Three...
P/C Premium Growth Not Enough for Market Turnaround: Conning
May 2 2011 // The property/casualty insurance industry can expect premium growth of between 3 and 4 percent in 2011, and about 5 percent for the following two years, according to a forecast from analysts at Conning Research &...
W.R. Berkley Reports Slight Price Increases in Q1
Apr 26 2011 // Prices were up in nearly all segments at W.R. Berkley Corp. in the first quarter while overall net written premiums grew 10 percent. Net income for the quarter was $116 million, or 79 cents per share, compared to $119...
Overcapacity in P/C Insurance Keeping Commercial Prices Down
Apr 26 2011 // Most commercial lines insurance prices continued their downward trend in the first quarter, as underwriters’ efforts to hold the line on premiums buckled under the pressure of a highly overcapitalized market. Three...
P/C Premium Growth Not Enough for Market Turnaround: Conning
Apr 25 2011 // The property/casualty insurance industry can expect premium growth of between 3 and 4 percent in 2011, and about 5 percent for the following two years, according to a forecast from analysts at Conning Research &...
