Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
AZ Court Decision Could Increase Agent E&O Premiums
Sep 6 2010 // The Arizona Supreme Court is weighing in on the state’s uninsured/underinsured motorist coverage selection form – a decision that could dramatically increase insurance agency’s errors and omissions...
Top 25 Workers’ Compensation Insurers Show 34% Increase in Premium Growth
Sep 6 2010 // Results Based on Premium Growth June 30, 2010, Versus June 30, 2009 Approximately one year ago, I discussed the premium growth reported by insurers with the top 25 gains in workers’ compensation insurance premium...
P/C Industry Shows Slight Premium Growth in Q2, But No Gain in Profits
Sep 6 2010 // The U.S. property/casualty industry experienced modest growth in premiums written but overall the industry saw deterioration in underwriting profitability in second-quarter 2010, fueled by trends among personal lines...
U.S. P/C Reinsurers’ Premiums Decrease $12.8B in First Half of 2010
Sep 1 2010 // A group of 19 U.S.-based property/casualty reinsurers wrote $12.3 billion of net premiums during the six-months ended June 30, 2010, a decrease from the $12.8 billion net premiums written in the first six months of...
Texas Windstorm Insurance Assoc. Chief Favors Gradual Rate Hikes
Aug 26 2010 // The Texas Windstorm Insurance Association recently filed for 5 percent increases in both its residential and commercial rates, effective Jan. 1, 2011. While indications are those hikes won’t bring the rates for the...
Calif. Bill Would Limit Insurance Rate Hikes to Once a Year
Aug 25 2010 // California health insurance providers would be prohibited from raising their rates more than once a year under a bill moving through the state Legislature. The state Senate voted 21-13 in favor of AB2042. The bill now...
Iowa to Assess for Second Injury Fund; Work Comp Rate Hike Proposed
Aug 25 2010 // Sufficient funds are not available to meet the liabilities of Iowa’s Second Injury Fund, so the state is imposing a $4 million assessment on insurers and self-insured employers in Iowa. Notices were mailed from the...
Texas Windstorm Insurance Association Seeks 5% Rate Increase
Aug 20 2010 // The Texas Windstorm Insurance Association has filed for 5 percent increases in both its residential and commercial rates, effective Jan. 1, 2011. The state’s insurer of last resort provides wind and hail coverage in...
Allstate Companies Get Louisiana Homeowner Rate Hikes
Aug 20 2010 // Louisiana homeowners who get their insurance coverage from five companies owned by Allstate Corp. will start paying higher rates in either November or December. Insurance Commissioner Jim Donelon recently approved rate...
Calif. Workers’ Comp Insurance Rating Bureau Wants 30% Rate Increase
Aug 20 2010 // As expected, the Workers’ Compensation Insurance Rating Bureau of California has submitted a pure premium rate filing to the California Insurance Commissioner recommending among other things a 29.6 percent increase...
P/C Industry Shows Slight Premium Growth in Q2, But No Gain in Profits
Aug 19 2010 // The U.S. property and casualty industry experienced modest growth in premiums written but overall the industry saw deterioration in underwriting profitability in second-quarter 2010, fueled by trends among personal lines...
U.S. Gives States Cash to Police Health Insurance Rate Hikes
Aug 17 2010 // A $46 million round of grants will help U.S. states boost oversight of health insurance premium hikes and keep down costs, the U.S. Department of Health and Human Services said on Monday. All but a few states will receive...
Florida Citizens’ Rate Increases Way Below Actuaries’ Indications
Aug 16 2010 // If insurance actuaries had their way, rates for homeowners insured through Florida’s Citizens Property Insurance would be going up 55.9 percent on average. But there’s a cap on how much state-backed Citizens...
Despite Claims, Utilities’ Insurance Market Still Softening
Aug 16 2010 // Insurance rates in the power sector are expected to soften further in 2010, despite the existence of many of the conditions that would normally presage a hardening market, according to the latest Power Market Review from...
AZ Court Decision Could Increase Agent E&O Premiums
Aug 13 2010 // The Arizona Supreme Court is weighing in on the state’s uninsured/underinsured motorist coverage selection form — a decision that could dramatically increase insurance agency’s errors and omissions...
Rising Price of Gold Leaving Jewelry Collections Underinsured
Aug 11 2010 // Many affluent consumers lack adequate insurance coverage for their jewelry because they haven’t considered the impact of the decade-long rise in the prices of gold, platinum, and silver. That’s according to...
Oklahoma Unemployment Insurance Tax Rates to Jump in 2011
Aug 6 2010 // The Oklahoma Employment Security Commission (OESC) has issued a notice to business owners that most Oklahoma employers can expect to see increases in their state unemployment insurance (UI) tax rates for 2011. Funds...
Employers Holdings Q2 Net Premiums Written Declined 15.5%, Reducing Workforce
Aug 5 2010 // Reno, Nev.-based Employers Holdings Inc. has reported second quarter 2010 net income of $16.5 million compared with $20.3 million in the second quarter of 2009, a decrease of $3.8 million or $0.05 per share. Net income for...
Utilities Market Still Softening Despite ‘Mega’ Claims: Willis
Aug 4 2010 // Insurance rates in the power sector are expected to soften further in 2010, despite the existence of many of the conditions that would normally presage a hardening market, according to the latest Power Market Review from...
Mercury General Reports Q2 Net Premiums Written Down 1 percent
Aug 2 2010 // Mercury General Corp. reported it spent $12.1 million in the second quarter of 2010 supporting Proposition 17, a California ballot initiative that did not pass. Nevertheless, the Los Angeles-based insurer reported net...
