Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
Homeowner’s Insurance Rates to Rise 10% In Arkansas
Sep 14 2009 // Homeowner insurance premiums in Arkansas are expected to rise this year by an average of 10 percent as the industry works to rebound from 2008’s dual blows of foul weather and nasty financial markets. The Arkansas...
Massachusetts Commissioner Caps Premium Increase for Riskiest Drivers
Sep 9 2009 // Massachusetts Insurance Commissioner Nonnie Burnes has laid out what she sees as the “fair” range of auto insurance premium increases for those drivers insured through the state’s residual market. In a...
Top 25 Workers’ Comp Insurers Show 36% Increase in Average Direct Premium Written
Sep 7 2009 // Results Based on Insurers’ Growth June 30, 2009, versus June 30, 2008 As I write this article, the unemployment rate in the United States was reported to be 9.4 percent as of the end of July. Gross Domestic Product...
Rates, Claim Frequency Still Declining in Workers’ Comp; Medical Costs Rise
Sep 7 2009 // States Are Not Equal in Handling Worker Injuries Prices for workers’ compensation insurance in the United States declined in 2008 and, in general, that trend is likely to continue in throughout 2009, according to the...
Marsh Finds Excess Capacity, Competition Inhibit Premium Increases
Aug 26 2009 // According to figures released by Marsh “insurance premium rate reductions slowed for property and casualty business across Europe, the Middle East and Africa in the first half of 2009.” Marsh also concluded...
South Carolina Flood Insurance Premiums, Deductibles Rising
Aug 26 2009 // Flood insurance premiums and deductibles are increasing by about 8 percent for thousands of homeowners across South Carolina. The National Flood Insurance Program is raising monthly premiums and doubling deductibles...
Survey: Transportation Insurance Market Soft, But Leveling Off
Aug 26 2009 // Transportation insurance rate decreases seem to be moderating and are down on average between 1 percent to 10 percent, according to a recent industry survey on availability and rate trends in the transportation insurance...
Mississippi Insurance Chief Criticizes State Farm’s 45% Coastal Rate Hike
Aug 25 2009 // State Farm is looking to raise coastal homeowners insurance rates in Mississippi an average 45 percent but the state regulator isn’t very receptive to the idea. “I am not going to approve the present...
