Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Farmers to Reduce Rates for Family Home Policy in Texas
Jan 12 2010 // The Texas Department of Insurance, the Office of Public Insurance Counsel and Farmers Insurance Company have reached a settlement in a dispute over a homeowners insurance rate increase filed by Farmers in June...
State Farm Seeking 19.1 Percent Statewide Rate Hike in Louisiana
Jan 11 2010 // State Farm Fire and Casualty Co., Louisiana’s largest homeowners insurer, has asked insurance regulators for a rate increase that would average 19.1 percent statewide with coastal residents taking the brunt. The...
Auto Premiums Decline in Ohio; Homeowners Rates Rise
Jan 10 2010 // The Ohio Department of Insurance reports that auto insurance rates in that state declined for the third consecutive year but homeowners rates have risen slightly. The department based its assessments on data released by...
Most Property Reinsurance Rates Down at January Renewal As Capital Rebounds
Jan 10 2010 // Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co. LLC. Guy Carpenter’s World Catastrophe Rate on Line (ROL)...
Mississippi Rejects Allstate Rate Hike
Jan 8 2010 // Mississippi’s insurance regulator, as he earlier indicated he would do, has denied a request from Allstate Property and Casualty Insurance Co. for a statewide home insurance price hike of about 60 percent. The...
Most Property Reinsurance Rates Down at January Renewal As Capital Rebounds
Jan 5 2010 // Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co., LLC. Guy Carpenter’s World Catastrophe Rate on Line...
Car Insurance Premiums to Rise for Many Louisiana Drivers
Dec 31 2009 // A law that goes into effect Jan. 1, 2010, increasing the required minimum liability auto insurance coverage is expected to increase insurance rates for more than 1 million Louisiana motorists. Though the change was...
Willis Re January Renewal Report Finds ‘Disciplined Softening’ in Market
Dec 31 2009 // “Orderly Softening” is the title of the latest edition of Willis Re’s “1st View.” The reinsurance division of Willis Group Holdings publishes the market review three times each year, examining...
Homeowners Average Insurance Premiums Up Slightly in Ohio
Dec 30 2009 // Ohio Department of Insurance Director Mary Jo Hudson announced that on average Ohioans paid slightly more for homeowners insurance in 2007 than in 2006, according to a report issued by the National Association of Insurance...
Washington Keeps Auto Rate Down $26 Million
Dec 22 2009 // Rate reviews by the Washington State Insurance Commissioner’s office reduced proposed automobile insurance rates by $26 million over the first 10 months of this year, a reduction of about 1 percent. In 2008, the rate...
Willis Concludes Financial Institutions’ Hard Market May Soften in 2010
Dec 15 2009 // The hard market for financial institutions (FI) insurance, which has seen insurers push premiums up at renewal by a minimum of 10 to 15 percent, is unlikely to last until the end of 2010, according to the latest Willis FI...
State Farm Rate Hike Not Easy But Necessary, Says Mississippi’s Chaney
Dec 11 2009 // Mississippi Insurance Commissioner Mike Chaney said he was not happy about granting a 19.5 percent homeowners rate increase to State Farm, but he had little choice. “Would you want me to have 26,000 policies canceled...
Drunk Driving Death Rates Decline in 40 States
Dec 9 2009 // Drunken driving fatality rates have fallen in 40 states and the District of Columbia, an encouraging sign that crackdowns are improving highway safety. The Transportation Department said that 11,773 people were killed in...
Online Agency Says Auto Insurance Rates Fell 3.5% in 2009
Dec 8 2009 // Online insurance agency insurance.com said its records show that car insurance rates across the nation declined 3.5 percent in 2009 to $1,803 per year. The company said the decline followed a rate increase of 8 percent in...
State Fund Announces 5% Rate Increase
Dec 6 2009 // California’s State Compensation Insurance Fund announced it has filed a 5 percent rate increase in collectible premium. The revised rate will apply to new and renewal workers’ compensation policies effective on...
Rate Hikes for Florida Citizens’ ‘High Risk’ Properties Approved
Dec 6 2009 // Florida Insurance Commissioner Kevin McCarty has approved rates hikes for about 330,000 of Citizens Property Insurance Corp.’s so-called high-risk coastal property accounts. The statewide average increases include a...
Auto Premiums in Ohio Decline for Third Consecutive Year
Dec 4 2009 // The Ohio Department of Insurance reports that auto insurance rates in that state have declined for the third consecutive year, according to the 2006/2007 Auto Insurance Database Report just released by the National...
New Jersey Car Insurance Prices Down But Still Rank Second Highest
Dec 3 2009 // New Jersey is No. 2 when it comes to the nation’s highest auto insurance rates. Data in the National Association of Association of Insurance Commissioners’ annual report shows the average Garden State resident...
Marsh Says Corporate UK Insurance Rates Could Fall by up to 10% in 2010
Dec 2 2009 // Marsh has forecasted that insurance rates for both UK property and casualty risks could fall by up to 10 percent in 2010. Speaking to a gathering of over 200 clients at the Marsh UK Annual Client Conference, Tim Pritchard,...
Mississippi Allows 19.5% State Farm Coastal Rate Hike
Dec 1 2009 // Insurance rates for about 26,000 State Farm homeowners in three Mississippi coastal counties will rise 19.5 percent beginning in February. Mississippi Insurance Commissioner Mike Chaney announced the rate increase, noting...
