Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
Democrats Seize on Wellpoint’s 39% Rate Hike to Renew Reform Effort
Feb 12 2010 // Health insurer WellPoint Inc. defended its rate hike of up to 39 percent for certain California customers as Democrats latched onto the increase to press their case for overhauling the U.S. healthcare system. The...
Italian Auto Insurers’ Shares Could Gain from Price Increases
Feb 12 2010 // Shares in Italy’s top motor insurers could become more attractive this year because of the likely success of tariff [premium] increases in a market where rivalry from online and bank sales is still weak. Fund...
Louisiana Commissioner Denies State Farm’s 19% Rate Increase
Feb 11 2010 // Louisiana Insurance Commissioner Jim Donelon has 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...
California Regulator Wants Anthem Blue Cross To Postpone Rate Increase
Feb 10 2010 // California Insurance Commissioner Steve Poizner, responding to a dramatic proposed rate hike by WellPoint’s California affiliate, Anthem Blue Cross, has called on WellPoint executives to postpone the rate increase,...
Mercury Insurance Sees 3.5% Decrease in Q4 Net Premium
Feb 8 2010 // Mercury General Corp. reported that net income for the fourth quarter of 2009 was $34.2 million compared with net loss of $168.3 million for the same period in 2008. For the year, net income for the Los Angeles-based...
On Average, Texas Homeowners Rates Are Down, Agents Group Says
Feb 7 2010 // Reduction Is in Cost per $1,000 in Property Value There’s a common perception that homeowners insurance rates in Texas go up and up, and never come down. That’s not necessarily true, however, according to the...
