Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Ohio Workers’ Comp Board OKs Safety Rules, Rate Decrease
Jun 2 2009 // The Ohio Bureau of Workers’ Compensation (BWC) Board of Directors has approved rule changes associated with the safety standards in the Ohio Administrative Code for several industries. Ohio law allows BWC to adopt...
Florida Reinsurance Rate Hike of 15% Tracks with Global Rates
Jun 1 2009 // Florida property/catastrophe reinsurance rates increased by 15 percent at the June 1, 2009, renewal, compared to a decline of 15 percent a year ago, according to reinsurance specialist Guy Carpenter & Co. In a new...
Premium Growth: Top 25 Premium Gainers in 2008 Versus 2007
Jun 1 2009 // What is the impetus for growth? Why do some insurers emphasize growth and others do not? In his Sept. 25, 1961, address to the United Nations, President John F. Kennedy described conformity as “the enemy of...
California Workers’ Comp Insurer Files for 15% Premium Increase
May 29 2009 // California’s State Compensation Insurance Fund has filed a mid-year rate plan that reflects a 15 percent increase in collectible premium. The revised rates will apply to new and renewal workers’ compensation...
Some Alabama Beach Pool Insurance Rates Going Up July 1
May 29 2009 // Rates for some coastal property owners insured through the residual market insurance organization known as the Alabama Beach Pool are going up July 1. The overall average hike will be 5.5 percent, according to the Alabama...
Florida Gov. Crist Signs Citizens Insurance Rate Hike Bill Into Law
May 28 2009 // Florida Gov. Charlie Crist has signed legislation that will increase property insurance rates by 10 percent annually on more than one million customers of the state-backed Citizens Property Insurance Corp. and gradually...
Marsh Survey Concludes UK Insurance Rates ‘Continue to Fall’
May 28 2009 // According to findings from Marsh, “Insurance rates in the UK continued to fall, but at a slower rate, across all major lines of business in the first quarter of 2009.” The figures are based on business placed...
Medicus Insurance Decreases Rates 6.7% In Nevada
May 26 2009 // The Nevada Division of Insurance has approved an overall rate decrease of 6.7 percent for physicians and medical professionals insured by Medicus Insurance Co. “Our claims experience in Nevada has been...
Coastal Insurance Rates Could Rise if Federal Tax Law is Enacted
May 21 2009 // As it girds for hurricane season, Texas has plenty to worry about. The Texas Windstorm Insurance Association (TWIA) – which provides coverage for high risk coastal properties – has ended up at the brink of...
Florida Agents, Consumer Advocate Agree: Insurance Rates Must Go Up
May 14 2009 // With the start of the hurricane season just a few weeks away, a leading Florida consumer advocate joined independent agents at a press conference today to warn that property insurance rates need to be raised if insurers...
6 Steps For Agents to Take Before Soft Market Hardens
May 11 2009 // Most insurance professionals detest a soft market due to the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the change...
Specialty Underwriters’ Alliance Reports 20% Premium Growth for Q1
May 11 2009 // Chicago-based Specialty Underwriters’ Alliance Inc. reported that although net income was down in the first quarter of 2009 compared to the same period a year ago, gross written premiums rose to $29 million compared...
Aon Survey Finds Slowdown in Q2 UK Premium Increases
May 8 2009 // UK companies renewing insurance in the second quarter “could be paying equal or even less premium with just 50 percent of underwriters predicting an increase in property rates,” according to Aon’s Market...
Florida Gov. Crist to Sign Property Insurance Rate Hike Bill
May 6 2009 // Florida Gov. Charlie Crist says he’ll sign legislation that increases property insurance rates by 10 percent on more than 1 million customers of the state-backed Citizens Property Insurance Corp. Crist said that...
Risk Managers Report ‘Soft Landing’ for Market Pricing
May 4 2009 // Insurance premiums for businesses continued to slide towards a “soft landing” rather than an abrupt reversal resulting in rate increases, according to risk managers. While banks and other financial institutions...
Travelers’ Earnings Fall; Premiums Up Slightly; Combined Ratio at 90.6%
May 1 2009 // The Travelers Companies, Inc. net income for the first quarter of 2009 fell more than 30 percent to $662 million, for the quarter ended March 31, 2009, compared to $967 million, for the quarter ended March 31, 2008....
Oregon Medical Malpractice Insurance Rates Decrease
Apr 29 2009 // Physicians and surgeons in Oregon have seen a decline in medical professional liability insurance rates the past several years, according to a Department of Consumer and Business Services analysis of recent rate...
California Commissioner Asks Workers’ Comp Board to Withdraw Rate Increase
Apr 28 2009 // At a rate hearing on Tuesday, April 28, California Insurance Commissioner Steve Poizner urged the Workers Compensation Insurance Rating Bureau (WCIRB) to withdraw its request for an increase in the workers’...
North Carolina Coastal Insurance Rates to Rise May 1
Apr 23 2009 // Homeowners in 18 coastal North Carolina counties whose homes are insured by a state-backed insurance pool shouldn’t expect a delay of higher rates taking effect May 1. A powerful state legislator said a comprehensive...
Risk Managers Report ‘Soft Landing’ for Market Pricing
Apr 21 2009 // Insurance premiums for businesses continued to slide towards a “soft landing” rather than an abrupt reversal resulting in rate increases, according to risk managers. While banks and other financial institutions...
