Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Ohio Bureau of Workers’ Comp Lowers Group Discount Rate
Nov 3 2009 // The Ohio Bureau of Workers’ Compensation (BWC) has lowered the discount available to employers who participate in a group-rating system. Beginning July 1, 2010, the maximum available discount for businesses in a...
Q3 Profit Rises at CNA; CEO Motamed Sees ‘Encouraging’ Rate Trends
Nov 2 2009 // CNA Financial Corp.’s third quarter 2009 results included net operating income of $331 million and net income of $263 million along with a combined ratio for property/ casualty operations of 101.0%. Net operating...
Louisiana Citizens Rate Increase Will Be Less Than Expected
Nov 1 2009 // A projected 10 percent increase in rates for clients of the Louisiana Citizens Property Insurance Corp. will “probably be less than that,” the company’s CEO John Wortman said. Instead, the average...
Texas Windstorm Insurance Proposed Rate Hike Rejected
Nov 1 2009 // The Texas Department of Insurance has rejected a request from the Texas Windstorm Insurance Association for a 10 percent rate increase for both residential and commercial risks. But regulators left open the possibility...
Florida Approves 5.4% Citizens Homeowners Rate Hike
Oct 30 2009 // Florida’s state-backed and largest property insurer will be allowed to raise its rates for homeowners an average 5.4 percent in 2010. The increase is the first one allowed since lawmakers froze the rates of Citizens...
Louisiana Citizens Rate Increase Will Be Less Than Expected
Oct 23 2009 // A projected 10 percent increase in rates for clients of the Louisiana Citizens Property Insurance Corp. will “probably be less than that,” the chief executive officer of the state’s insurer of last resort...
Florida Urged to Hike All Citizens Property Insurance Rates By 10%
Oct 22 2009 // Florida insurance regulators are failing in their duties if they don’t make the state-backed Citizens Property Insurance Corp. raise property insurance rates by 10 percent across the board, a business group lobbyist...
Florida Approves 14.6% Homeowners Insurance Rate Hike for Universal
Oct 22 2009 // Universal Property and Casualty Insurance Co. (UPCIC) reports it has received approval for a premium rate increase for its homeowners program in Florida. The premium rate increase, which will average approximately 14.6...
Texas Windstorm Insurance Proposed Rate Hike Rejected
Oct 21 2009 // The Texas Department of Insurance has rejected a request from the Texas Windstorm Insurance Association for a 10 percent rate increase for both residential and commercial risks. However, regulators left open the...
Florida to Hear Citizens Property Insurance Rate Hikes of 5% to 10%
Oct 20 2009 // Florida regulatory officials will hold a public hearing Nov. 10 on proposed hikes of between 5 and 10 percent in the premiums charged by Citizens Property Insurance Corp., the state-backed property insurer. If approved,...
Marsh: UK Communication, Tech Firms Continue to Secure ‘Price Reductions’
Oct 15 2009 // According to Marsh, the UK’s largest communication and technology firms are continuing to enjoy price reductions on their professional indemnity (PI) insurance during the recession, due to aggressive competition...
Florida Says Medical Malpractice Rates Decline, Market Is Competitive
Oct 8 2009 // A new report shows a continuing trend of recovery for the medical malpractice industry in Florida that had been experiencing double-digit rate increases and lack of availability prior to legislative reforms enacted in...
Mississippi Ruling on State Farm Rate Hike Expected Next Month
Oct 7 2009 // Mississippi Insurance Commissioner Mike Chaney says he will decide soon whether State Farm can boost homeowners’ rates in three coastal counties. Chaney told the editorial board of The Clarion-Ledger newspaper that...
Iowa OKs 2.3% Workers’ Comp Rate Hike
Oct 7 2009 // Iowa Insurance Commissioner Susan Voss has approved a request for a 2.3 percent overall rate increase for workers’ compensation insurance in that state. The filing was submitted by the National Council on...
Insurance Premium Hikes in Oklahoma Double That of Wage Increases
Sep 24 2009 // A report from the White House says health insurance premiums in Oklahoma have risen twice as much as wages since 1999. The report says the cost of premiums is up by 96 percent while wages rose by 47 percent. The 96 percent...
Washington Workers’ Compensation Rates Could Rise 7.6 Percent
Sep 23 2009 // The state of Washington yesterday announced higher workers’ compensation insurance premiums for 2010 than earlier forecasted. In June, the state’s Department of Labor and Industries advised the Workers’...
Southern California Home Prices Up
Sep 16 2009 // Southern California home sales rose for the 11th consecutive month in May as sales of $500,000-plus homes started to come back, according to the real-estate research company MDA Dataquick. The median price paid increased...
Willis Survey Finds UK Commercial D&O Sector Resists Rate Increases
Sep 14 2009 // A new survey by Willis concludes that “the commercial sector continues to resist the sharp rate increases for Directors & Officers insurance seen in the financial institutions sector, with the average premium...
Homeowners Insurance Rates Going Up in Alabama
Sep 14 2009 // Insurance rates are going up for many Alabama homeowners. Officials with three of the four companies that insure the most homes in Alabama say that they are raising rates. The company that sells the most homeowners...
Louisiana Citizens Board OKs Proposed Rate Hike For 2010
Sep 14 2009 // Policyholders of Louisiana’s state-backed property insurance company will see an average statewide rate increase of about 10 percent next year, under a proposal preliminarily approved by the firm’s board on...
