Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Rates Rising But Florida Home Insurers Report Still Losing Money
Dec 28 2010 // Many Florida homeowners expected relief from the higher property insurance bills that followed the busy 2004 and 2005 hurricane seasons. But more than 4 million homeowners are about to get hit by rate hikes and...
Health Insurers Face New Scrutiny Over Price Hikes
Dec 22 2010 // U.S. health insurance companies that want to increase premiums by 10 percent or more next year would face tougher government scrutiny under new rules proposed Tuesday. The rules, called for under the sweeping healthcare...
Top 25 Carriers’ Q3 Premiums Rise Nearly 11.5% in 2010 Versus Q3 2009
Dec 20 2010 // Alexander Hamilton once said, “I never expect to see a perfect work from an imperfect man.” Despite an imperfect marketplace, the Top 25 property/casualty companies continued to improve. Their continued...
Commercial Pricing Stays Flat, Management Liability Declines
Dec 20 2010 // Overall commercial insurance prices were flat for the seventh consecutive quarter, declining less than 1 percent, according to a survey of third quarter activity. Commercial property, directors and officers liability, and...
Overall Commercial Pricing Stays Flat, Management Liability Declines
Dec 13 2010 // Overall commercial insurance prices were flat for the seventh consecutive quarter, declining less than one percent, according to a survey of third quarter activity. Commercial property, directors and officers liability...
U.S. Life/Health Sector’s Premiums Rise 2.6%; First Increase Since 2008
Dec 10 2010 // U.S. life/health industry’s nine-month net premiums written rose 2.6 percent to $424.2 billion, reflecting the first increase since year-end 2008, according to a new report. In its nine-month financial review of the...
Texas Unemployment Insurance Tax Rates to Rise for 2011
Dec 9 2010 // The standard minimum unemployment insurance (UI) tax rate paid by Texas employers in calendar year (CY) 2011 will be 0.78 percent, up from 0.72 percent in CY 2010, the Texas Workforce Commission (TWC) announced. The taxes...
First Home Seeks 39% Rate Hike in Florida
Dec 7 2010 // Florida officials will hold a hearing today on a proposed statewide average home insurance rate hike of 39.3 rate increase for First Home Insurance Co., a Florida domiciled insurance company based in Maitland,...
Farmers Insurance Files for Homeowners Rate Hike in Texas
Dec 5 2010 // Farmers Insurance has filed for a 3.9 percent rate increase for homeowners insurance coverage in Texas. The Dallas Morning News reports that Farmers’ filing with the Texas Department of Insurance will affect about...
Farmers Insurance Files for Homeowners Rate Hike in Texas
Nov 29 2010 // Farmers Insurance has filed for a 3.9 percent rate increase for homeowners policies in Texas. The Dallas Morning News reports that Farmers’ filing with the Texas Department of Insurance will affect about half the...
Property/Casualty Insurance Premiums Grew Modestly in Q3
Nov 18 2010 // The U.S. property and casualty industry continued to experience modest growth in premiums written while essentially breaking even on underwriting with a calendar year combined ratio of approximately 100 percent, according...
Blue Cross Rate Increase Temporarily Blocked in Michigan
Nov 18 2010 // An Ingham County Circuit judge has stopped Blue Cross Blue Shield of Michigan from implementing rate increases as high as 66 percent for some seniors. Tuesday’s preliminary injunction also requires a public meeting...
Soft Commercial Lines Market to Persist: Marsh
Nov 17 2010 // Soft U.S. commercial insurance market conditions are expected to persist through the fourth quarter of 2010, according to preliminary rate information published by Marsh. So far in the fourth quarter, Marsh said its...
Rate of Nonfatal Injuries, Illnesses for Texas Private Industries Declines
Nov 16 2010 // Private industry workplaces in Texas reported a total of 213,507 nonfatal injuries and illnesses during 2009. The incidence rate of 2.9 cases per 100 equivalent full-time employees is 6 percent lower than in 2008, when the...
Hearing on Florida Peninsula Rate Hikes Today
Nov 16 2010 // Florida insurance regulators today will review proposed rate increases for one of the state’s largest property insurers. Florida Peninsula Insurance Co., ranked seventh largest property insurer, is seeking rate...
Allstate to Fight Denial of Mississippi Rate Hike
Nov 10 2010 // Allstate Property and Casualty Insurance Co. wants a public hearing on the Mississippi Insurance Commissioner Mike Chaney’s denial of its request for a 44 percent home insurance rate hike. The company also wants...
Rates for High Risk Drivers in Texas Falling; Coverage Minimums to Rise
Nov 9 2010 // Insurance rates for high-risk drivers insured through the Texas Automobile Insurance Plan Association (TAIPA) will decrease overall by 7.6 percent from 2010 rates effective Jan. 1, 2011. According to TAIPA, Texas Insurance...
Soft Market Persists; Fierce Competition to Continue into 2011: Marsh
Nov 1 2010 // Soft commercial insurance market conditions persisted through the third quarter of 2010, with lower rates on average across major coverage lines, according to a new report from broker Marsh. Intense competition and...
Florida Approves 7.8% Workers’ Compensation Rate Increase
Oct 15 2010 // Florida workers’ compensation insurers have been given the green light to raise rates an average 7.8 percent starting Jan. 1, 2011. Florida Insurance Commissioner Kevin McCarty has told the insurers’ rating...
Soft Market Persists; Fierce Competition to Continue into 2011: Marsh
Oct 14 2010 // Soft commercial insurance market conditions persisted through the third quarter of 2010, with lower rates on average across major coverage lines, according to a new report from broker Marsh. Intense competition and...
