Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
U.S. Group Health Premiums Rose 3% in 2009; Individual Up 15%
Sep 17 2010 // U.S. health insurers took in 7 percent more revenue from premiums from individual, group and other policies in 2009 than in the previous year, even as the number of those people with coverage fell, according to a report...
Feds to Insurers: Don’t Blame Health Reform for Rate Hikes
Sep 13 2010 // President Barack Obama’s top health official is vowing “zero tolerance” for insurers that blame premium increases on the new health overhaul law. In a strong letter to the insurance lobby, HHS Sec....
North Carolina Rate Bureau Requests Workers’ Comp Increase
Sep 9 2010 // North Carolina Insurance Commissioner Wayne Goodwin has received the 2010 workers compensation rate filings from the North Carolina Rate Bureau, the organization that represents the state’s workers compensation...
Florida’s Citizens Says Sinkhole Claims Forcing Proposed Rate Hike
Sep 8 2010 // At a hearing yesterday 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...
Florida Plans Hearing on Citizens’ Rate Increases
Sep 7 2010 // Florida’s Office of Insurance Regulation will hold a hearing on proposed rate increases for several lines of insurance from Citizens Property Insurance Corp. at 1 p.m. on Sept. 7, 2010, in Tallahassee. The lines of...
Iowa to Assess for Second Injury Fund; Workers’ Comp Rate Hike Proposed
Sep 6 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 Chief Favors Gradual Rate Hike
Sep 6 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. Workers’ Comp Insurance Rating Bureau Wants 30% Rate Increase
Sep 6 2010 // As expected, the Workers’ Compensation Insurance Rating Bureau of California has submitted a pure premium rate filing to the California Insurance Commissioner recommending a 29.6 percent increase in pure premium...
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...
