Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
Top 25 Carriers’ First Quarter Results Show Soft Market May Have Finally Hit Bottom
Aug 2 2010 // The American psychologist and philosopher William James once said, “Pessimism leads to weakness, optimism to power.” This may be the adage of the Top 25 Property/Casualty companies based upon the dollar amount...
North Dakota Property Crime Rate Down, but Violent Crimes on Rise
Jul 29 2010 // Attorney General Wayne Stenehjem says North Dakota’s crime rate dropped slightly last year, but the number of violent crimes rose. A new report provides North Dakota statistics for a number of crimes, including...
SeaBright Files California Rate Increase
Jul 29 2010 // SeaBright Holdings Inc. announced that its subsidiary, SeaBright Insurance Co., has filed a 15.3 percent rate increase with the California Department of Insurance. The Company plans to apply the increase to California...
Florida Citizens’ Rate Increases Way Below Actuaries’ Indications
Jul 28 2010 // If insurance actuaries had their way, rates for homeowners insured through Florida’s public insurer Citizens Property Insurance would be going up 55.9 percent on average. But state law caps how much Citizens can...
United Fire & Casualty P/C Unit Sees Decline in Premiums, Claims
Jul 27 2010 // United Fire & Casualty Co., headquartered in Cedar Rapids, Iowa, reported that net premiums written in its property/casualty sector declined in the three-month and six-month periods ended June 30, 2010, as compared...
Risk Managers See More Commercial Lines Premium Decreases in Q2
Jul 22 2010 // Decreases in average renewal premiums continued to show up for commercial clients during the second quarter of 2010, according to risk managers. Premium decreases of between 2.5 and 3.8 percent were reported for property,...
Louisiana Workers’ Comp Rates Decreasing Again
Jul 22 2010 // Rates for workers’ compensation insurance continue to decrease in Louisiana based on a recent report from the National Council on Compensation Insurance (NCCI), according to Louisiana Commissioner of Insurance Jim...
Florida Insurers Need Rate Increases, Says Rating Expert
Jul 21 2010 // Florida’s property/casualty insurers appear to have adequate reinsurance and capital in place to withstand at least two major storms this season but their overall fate could hinge on whether they are allowed to raise...
Ohio Auto, Homeowners Insurance Rates Increase Slightly in 2009
Jul 20 2010 // Ohio Department of Insurance Director Mary Jo Hudson announced that the average rates for the state’s top 10 private passenger auto insurers increased 2.8 percent in 2009. The average rates for the state’s top...
Despite Soft Market, Texas Agencies Manage to Grow
Jul 20 2010 // They’re all different — one’s big city; one’s suburban; one’s country; one’s small-to-medium size town. They operate in different parts of the state and have different mixes of business,...
The Hartford Agrees to Roll Back Homeowner Rate Hikes in Texas
Jul 19 2010 // Under agreements between the Texas Office of Public Insurance Counsel (OPIC), the Texas Department of Insurance, and two subsidiaries of the Hartford Financial Services Group, Texas consumers with homeowner insurance from...
North Carolina Crime Rate Down
Jul 16 2010 // Law enforcement officials say North Carolina’s crime rate in 2009 was the lowest in a quarter-century. The statistics released by the office of Attorney General Roy Cooper show particlar improvements in violent...
Allstate’s Castle Key Insurers Seek 18-33% Rate Hikes in Florida
Jul 13 2010 // Allstate Insurance subsidiaries in Florida are seeking rate increases from 18 percent to 33 percent. Castle Key Insurance Co. has filed with the Florida Office of Insurance Regulation (OIR) to increase homeowners rates by...
