Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
Florida Approves Rate Hikes for ‘High Risk’ Coastal Properties
Nov 22 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...
Marsh Report Forecasts ‘Softening’ in Energy Market in 2010
Nov 20 2009 // A new intelligence report from Marsh concludes that “energy firms are set to enjoy a softening insurance market in 2010, as a result of increasing competitiveness among insurers and capacity being at its highest...
Florida Approves 5.4% Citizens Homeowners Rate Hike for 2010
Nov 15 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...
Pollution Insurance: Peace of Mind or Smart Soft Market Marketing?
Nov 15 2009 // In today’s competitive insurance industry and struggling economy, agents are hard pressed to sell anything more than the bare coverage necessities. But while this challenge may seem daunting, it is not without...
Greenland Ice Melting at Faster Rate, Increasing Sea Level Rise
Nov 13 2009 // A new study, published in the journal Science, concludes that the massive Greenland ice sheets are losing mass more rapidly than previous studies had indicated. The ice sheets of Greenland and Antarctica contain the bulk...
California’s SCIF Announces Five Percent Rate Increase
Nov 11 2009 // California’s State Compensation Insurance Fund today announced it has filed a 5 percent rate increase in collectible premium. The revised rate will apply to new and renewal workers’ compensation policies...
Florida Weighs Citizens’ Rate Hikes for High-Risk Accounts
Nov 10 2009 // Owners of nearly 420,000 high risk properties in Florida could see their insurance premiums rise next year. State-backed Citizens Property Insurance Corp. has requested an average 7.5 percent hike for homeowners with...
Rate of Workplace Nonfatal Injuries, Illnesses Down in Texas for 2008
Nov 10 2009 // Private industry workplaces in Texas reported a total of 234,559 nonfatal injuries and illnesses during 2008. The incidence rate of 3.1 cases per 100 equivalent full-time workers marks the sixth consecutive year that the...
Political Risk Premiums Rising in Response to Resource Nationalism
Nov 5 2009 // Political risk insurance premiums have risen across emerging markets in the last year, fuelled by rising resource nationalism and unrest linked to the financial crisis as well as a renewed concern over risk amongst...
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...
