Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
McCarty Denies Bill Means Automatic Rate Hikes; Urges Crist to Sign It
May 12 2010 // Florida Gov. Charlie Crist may have just received an important nod he needs to be able to sign a homeowners insurance bill headed towards his desk. In a letter, Florida Insurance Commissioner Kevin McCarty is urging Crist...
Buffett’s Berkshire Q4 Profit Highest Since 2007; Geico Premiums Up 6%
May 10 2010 // Warren Buffett’s Berkshire Hathaway Inc. Friday reported its largest quarterly profit since 2007, helped by an improving economy, investment and derivative gains, and the takeover of Burlington Northern Santa Fe...
State Farm Gets 9.9% Homeowners Rate Hike in Louisiana
May 10 2010 // State Farm Fire and Casualty Co., Louisiana’s largest residential insurer, has been approved for an average 9.9 percent rate increase for homeowners’ coverage in Louisiana. However, coastal areas vulnerable to...
Montana State Fund Decreasing Rates 4%
May 7 2010 // Montana State Fund said its workers’ compensation insurance rates are going down by an average of 4 percent. The fund, which provides the insurance to more than 28,000 employers around the state, says the rate...
E&S Direct Premiums Written Fall 7.5% From Prior Year
May 4 2010 // Excess and surplus insurers endured another year of declining premiums in 2009, writing 7.5 percent fewer direct premiums versus the prior year, according to SNL Financial’s analysis of the U.S. E&S market. The...
Judge Sides with State Farm in Rate Hike Information Case
May 3 2010 // A judge in Austin has blocked regulators from posting on the Texas Department of Insurance Web site certain documents on two rate filings by State Farm Insurance Cos. that would increase homeowners insurance premiums for...
Florida’s 21st Century Drops Bid to Acquire HomeWise; Gets Rate Hike
Apr 28 2010 // Florida’s 21st Century Holding Co. has dropped its bid to acquire domestic property insurer HomeWise Holdings at the same time it reported that its own Florida property insurance unit it has received approval to...
Anthem Blue Cross Postponing Rate Hike Again
Apr 26 2010 // Anthem Blue Cross has again put a planned rate hike on hold. The Los Angeles-based health insurance company said this week that policyholders will not see a rate change beginning May 1. A spokeswoman for Anthem’s...
United Fire & Casualty Earned Premiums Down in Q1, Net Income Up
Apr 26 2010 // Cedar Rapids, Iowa-based insurance company United Fire & Casualty Co. reported a dip in premiums earned in the first quarter of 2010 compared with that in the same period in 2009, but total revenues and net income...
Zenith Affected by Declining Premium, Lower Investment Income
Apr 22 2010 // Zenith National Insurance Corp. based in Woodland Hils, Calif., has reported a net loss for the first quarter 2010 of $0.8 million, or $0.02 per share, compared to net income for the first quarter 2009 of $2.6 million, or...
Why Economic, Market Risks of Ash Cloud Are Hard to Measure
Apr 21 2010 // Policymakers and markets trying to react to the volcanic gas cloud paralyzing air travel in Europe face a host of variables, unknowns and hard-to-measure risks that make modelling almost impossible. No one can accurately...
North Carolina Court Upholds 2008 Rate Hikes Opposed by Coastal Towns
Apr 20 2010 // The North Carolina Court of Appeals has declined to upset a 2008 agreement between the state’s former insurance commissioner and insurers that hiked insurance rates for some coastal homeowners up to 30 percent and...
State Farm Sues TDI; Files to Increase Homeowners Rates in Louisiana
Apr 19 2010 // State Farm Fire and Casualty Co. filed a lawsuit against the Texas Department of Insurance after the state agency took the unprecedented move of publicizing on its Web site recent rate hike proposals by the...
Louisiana Citizens OKs 7% on Average Residential Rate Hike
Apr 19 2010 // Homeowners who are dependent on Louisiana’s property insurer of last resort will see rates increasing by an average 7 percent statewide. Rate increases — as well as decreases — will vary widely, especially in...
Judge Says Texas Can’t Post Some State Farm Rate Hike Information
Apr 19 2010 // A judge in Austin has blocked regulators from posting on the Texas Department of Insurance Web site some documents on two rate rate filings by State Farm Insurance Cos. that would increase homeowners insurance premiums for...
Lockton: Soft Market Pricing Continues to Benefit Insurance Buyers
Apr 19 2010 // Commercial insurance buyers continue to benefit from lower prices and steady or increasing insurance capacity in property/casualty markets, reports the nation’s largest insurance broker. In its newly published...
Oregon Medical Malpractice Rates Decline
Apr 16 2010 // For the fourth year in a row, most physicians and surgeons in Oregon will see a decline or no change in medical professional liability insurance rates, according to rate changes reviewd by the state Department of Consumer...
Risk Managers Continue to Report Soft Market Pricing
Apr 15 2010 // Seven years and running, the soft market shows few signs of loosening its grip on commercial insurance pricing, according to a new industry study. Average premiums in every line tracked by the RIMS Benchmark Survey, fell...
North Dakota Workers’ Comp Agency Proposes 3% Rate Increase
Apr 9 2010 // North Dakota’s workers compensation agency is proposing a 3.3 percent average increase in its rates, starting in July. Agency director Bryan Klipfel says most of the increase is because of North Dakota’s rising...
Louisiana Citizens Insurance OKs 7% on Average Rate Hike
Apr 5 2010 // Homeowners who are dependent on Louisiana’s property insurer of last resort will see rates increasing by an average7 percent statewide. However, rate increases – as well as decreases – will vary widely,...
