Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
State Farm Plans Small Hike in Tennessee Auto Rates
Jan 25 2011 // State Farm Mutual Automobile Insurance Co., the largest insurer of autos in Tennessee, is increasing its overall rate level in the state an average of 0.4 percent effective Feb. 21. After this rate change is implemented,...
Think Soft Market Is Over? Think Again
Jan 24 2011 // Average renewal premiums for commercial lines property/ casualty insurance were largely unchanged during the fourth quarter of 2010 and that may remain the case for awhile. According to the RIMS Benchmark Survey, directors...
North Carolina Insurers Seek Dwelling Rate Hike
Jan 24 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...
Workplace Deaths Rise in North Carolina; Overall Injury Rate Drops
Jan 19 2011 // There were 48 fatal workplace accidents in North Carolina in 2010, a tally that is up from 34 in the previous year but below the five-year average of 53.2. At the same time, the state’s overall injury and illness...
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,...
