Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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,...
Soft Market, Weak Economy Will Challenge Insurers, Brokers in 2010
Apr 2 2010 // The recession may be over, but recovery is not happening quickly enough for insurers and brokers. From unemployment rates hovering at about 10 percent to still rising business bankruptcies, the lingering effects of the...
State Farm Files to Increase Homeowners Rates in Louisiana
Mar 31 2010 // State Farm Fire and Casualty Co. has filed an average 9.9 percent rate increase request for homeowners coverage in Louisiana, according to the Associated Press. State Farm is Louisiana’s largest home insurer with...
‘Poor’ Albuquerque Levees Could See Insurance Premium Hikes
Mar 30 2010 // Questions about aging river levees in metro Albuquerque, N.M., could mean insurance premium hikes as high as $2,000 annually for thousands of property owners. The U.S. Army Corps of Engineers has rated the condition of the...
Mobile Expects Homeowners Premium Hike After ISO Fire Downgrade
Mar 18 2010 // Mobile’s fire-rescue chief says a downgrade in fire protection rating is likely to boost insurance premiums the most for homeowners just outside the city limits. Fire-Rescue Chief Steve Dean said that while city...
U.S. Traffic Fatality Rate Fell to Lowest Ever Recorded in 2009
Mar 11 2010 // The number of overall traffic fatalities reported at the end of 2009 reached the lowest level since 1954, declining for the 15th consecutive quarter, the U.S. Department of Transportation reported. According to early...
Letter from Iowa Governor Prompts Wellmark to Delay Rate Hike
Mar 10 2010 // Iowa’s largest health insurance provider will delay a planned premium increase after Gov. Chet Culver raised questions about the higher rates to the state insurance commissioner. Culver sent a letter to Insurance...
Mass. AG Coakley Opposes Proposed Workers’ Compensation Rate Hike
Mar 3 2010 // Massachusetts Attorney General Martha Coakley said she opposes an insurance industry request to raise workers’ compensation premiums by about four percent this year. She said the hike would put an “additional...
Amerisafe Net Income Rises Despite Premium Decreases in Q4 2009
Mar 3 2010 // DeRidder, La.-based workers’ compensation insurer Amerisafe Inc. reported net income of $6.6 million in the fourth quarter of 2009, an increase of 15 percent over the $5.7 million recorded in the fourth quarter of...
Massachusetts Worker’s Compensation Premium Rates Could Rise
Mar 2 2010 // Massachusetts workers’ compensation insurance rates would rise an average of 4.5 percent under a new rate proposal submitted by the Workers’ Compensation Rating and Inspection Bureau. The bureau is the licensed...
California AG Subpoenas Health Plans Over Claims Denials and Rate Hikes
Feb 26 2010 // Los Angeles-Attorney General Edmund G. Brown Jr., who has an ongoing investigation into possibly illegal practices by some California health insurers, has subpoenaed financial records and other documents from...
Arizona Auto Rates Increased 2% in Past 6 Months
Feb 26 2010 // The median six-month auto insurance rate in Arizona has increased approximately 2 percent over the past six months to reach $829 according to InsWeb, an online insurance comparison provider. Among the other statistics the...
State Farm Homeowners Rate Increase Denied in Louisiana
Feb 21 2010 // Louisiana Insurance Commissioner Jim Donelon declined to approve a rate request filed by State Farm Fire and Casualty Company that would have raised homeowners insurance rates by a statewide average of 19.1 percent. State...
Combined Agents Group Premiums Grow to $410M in 2009
Feb 18 2010 // Austin, Texas-based Combined Agents of America LLC (CAA) announced it achieved more than $410 million in combined property and casualty premiums and more than $53 million in revenue for 2009. The group, which recorded...
Anthem Blue Cross Agrees to Delay Rate Increase
Feb 16 2010 // Anthem Blue Cross has agreed to a Feb. 8 request by California Insurance Commissioner Steve Poizner to delay its individual health insurance rate increase until May 1 to allow an independent actuary to review their rates,...
Increase in Commercial Rates Proposed for Louisiana Citizens
Feb 16 2010 // The board of Louisiana Citizens Property Insurance Corporation will vote in March on a proposed increase for commercial policy holders that will average 4.57 percent. Insurance Commissioner Jim Donelon told The...
