Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Florida Home Insurance Rates Rising
Jan 10 2011 // Florida regulators have approved $718 million in rate increases that will affect 4 million policyholders — even though there have been no hurricanes for five years. The insurance industry says the increases are needed...
Calif. Commissioner Asks Blue Shield to Delay Rate Increases
Jan 7 2011 // California Insurance Commissioner Dave Jones has called on Blue Shield of California to delay its implementation of a new round of substantial individual health insurance premium increases that would impact tens of...
North Carolina Insurers Seek Rate Hike on Dwelling Fire Policies
Jan 5 2011 // North Carolina insurers are looking to raise rates from 7 percent to 25 percent, or an average 20.9 percent statewide, for 2011 on dwelling fire and extended coverage policies. If approved the higher rates would affect...
Iowa to Allow Broad Public Access to Wellmark Rate Increase Hearing
Jan 4 2011 // Iowa’s Insurance Commissioner Susan Voss announced that she has made arrangements for unprecedented access to a Jan. 6, 2011, hearing that will be held at the Iowa Insurance Division, 330 Maple Street, Des Moines,...
Willis Re: Overcapacity Keeps Renewal Rates in Reinsurance Down
Dec 31 2010 // “Overcapitalization in the reinsurance market continues to gradually push rates downwards with price reductions at the January 1, 2011 reinsurance renewals averaging between 5 percent and 10 percent, according to the...
Idaho Workers’ Comp Insurance Rates To Increase 3.7%
Dec 31 2010 // Idaho workers’ compensation insurance rates will be increasing an average of 3.7 percent in 2011, according to the state Department of Insurance. The average rate increase is based on National Council on Compensation...
2011 Outlook: Too Much Capacity + Stagnant Demand = a Soft Market
Dec 31 2010 // A quick, and as yet incomplete, survey of re/insurance industry leaders indicates that the main concern they will have to deal with in the coming year isn’t climate change, or Solvency II, but the insurance...
Reinsurance Renewal Rates On the Decline, Reports Claim
Dec 30 2010 // Reinsurance rates for 2011 are falling at the same or greater pace than traditional insurers and further softening of the market is to come, according to two industry reports. For the second year in a row, global...
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...
