Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
Florida Approves Citizens Rate Hikes for Condos, Rentals, Commercial
Oct 12 2010 // Florida Insurance Commissioner Kevin McCarty has approved additional rate increases for state-backed Citizens Property Insurance Corp. The latest round affects condominium associations, commercial buildings, rental...
Best Report on UK PC/: Rates Rising; Operating Environment Still Tough
Oct 6 2010 // A special report from A.M. Best concludes that the UK non-life market will “remain tough this year, with insurers facing diminishing prior-year reserve redundancies, low investment returns and the uncertain effects...
Florida Weighs 8.3% Workers’ Compensation Rate Increase Today
Oct 5 2010 // Workers’ compensation insurers in Florida will be asked to explain their request for an average 8.3 percent rate hike today before the Florida Office of Insurance Regulation (OIR). The OIR is holding a public hearing...
Learn the Secrets of Building Your Insurance Business in a Soft Market
Oct 4 2010 // The Remarkable Story of Travel Guard International in a Conversation with John Noel. The September 11th tragedy and the ensuing global economic and travel downturn made the years 2001-2004 some of the worst in the history...
Florida Approves 10.3% Average Rate Hike for State-Backed Citizens
Oct 4 2010 // Florida Insurance Commissioner Kevin McCarty has approved a statewide average homeowners insurance rate increase of 10.3 percent for policies written by state-backed Citizens Property Insurance Corp. The actual rate...
Surplus Lines Premiums Down in 2009; But Brokers Say Market is Stabilizing
Oct 4 2010 // The surplus lines industry continues to experience a decline in direct premiums written (DPW). For a third consecutive year in 2009, the surplus lines industry’s DPW fell 4.1 percent, an improvement over 2008 where...
Surplus Lines Premiums Fall, Again, But Brokers Remain Optimistic
Sep 28 2010 // The surplus lines industry continues to experience a decline in direct premiums written (DPW). For a third consecutive year in 2009, the surplus lines industry’s DPW fell 4.1 percent, an improvement over 2008 where...
Lloyd’s Sees Record Claims, Continued Pricing Decline; Considers Russia Office
Sep 28 2010 // The Lloyd’s of London insurance market revealed that record claims from disasters including the Chilean earthquake and U.S. oil spill halved its profits, and said it saw no respite from a steady decline in...
Florida Approves 10.3% Rate Hike for Citizens Property
Sep 23 2010 // Florida Insurance Commissioner Kevin McCarty has approved a statewide average homeowners insurance rate increase of 10.3 percent for policies written by the state-backed Citizens Property Insurance Corp. Citizens had filed...
Arkansas’ Jobless Rate Increases to 7.5%
Sep 22 2010 // Arkansas’ unemployment rate rose by one-tenth of a percentage point last month to 7.5 percent, the first increase since March. The state Department of Workforce Services says the state’s nonfarm payroll jobs...
Mississippi Denies Allstate’s 44% Homeowners Rate Hike Request
Sep 21 2010 // Mississippi Insurance Commissioner Mike Chaney has denied Allstate Property and Casualty Insurance Co.’s requested 44 percent statewide homeowners rate increase. “Based on our internal reviews and that of our...
Florida’s Citizens Says Sinkhole Claims Require Rate Hike
Sep 20 2010 // At a hearing before the Florida Office of Insurance Regulation, Citizens Property Insurance Corp. officials blamed sinkholes as the major reason the public insurer needs a rate increase. Testifying at the public hearing in...
