Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
The Invisible Hard Market
Jan 25 2009 // The events of the past six months — and those of the past several years — are some of the most dramatic in the history of financial services and risk management. From Sept. 11 to the 2005 hurricanes to the...
Insurers Propose Decrease for Nevada Workers’ Compensation Rates
Jan 22 2009 // Nevada Insurance Commissioner Scott Kipper announced that the industry’s National Council on Compensation Insurance Inc. (NCCI) has submitted a filing for an average decrease of 4.9 percent for Nevada workers’...
Liberty Mutual Increases Nevada Auto Insurance Rates
Jan 21 2009 // The Liberty Mutual Fire Insurance Co. received approval for a 6.9 percent rate increase, Liberty Insurance Corp. received approval for a 7 percent rate increase and First Liberty Insurance Corp. received approval for a 7.6...
Survey: Risk Managers Report Modest Premium Decreases in Q4
Jan 21 2009 // Insurance premiums for businesses continued a five-year trend of falling rates during the fourth quarter of 2008, but recent data suggest a reversal of this trend may soon be underway. Rates for property, general...
North Carolina Auto Rate Hike In Escrow Until Court Rules
Jan 11 2009 // Auto insurers may increase premiums on North Carolina drivers by up to 9.4 percent starting Jan. 1, but a court ruling will determine whether they can keep the extra money. The North Carolina Rate Bureau, which represents...
North Carolina Agrees to 4% Home Rate Hike
Jan 11 2009 // North Carolina Insurance Commissioner Jim Long has agreed to permit homeowners insurance companies to hike their rates an overall statewide average of 4.05 percent beginning May 1. This is below the statewide increase than...
California Workers’ Compensation Premiums Down in 2008
Jan 11 2009 // The Workers’ Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through Sept. 30, 2008. WCIRB said: “California written premium (gross of...
Washington Workers’ Comp Insurance Premiums Increasing 3%
Jan 11 2009 // Washington’s Department of Labor and Industries (L&I) said premiums for workers’ compensation insurance will go up, on average, 3 percent in 2009. Individual employers could see their rates go up or down,...
California Workers’ Compensation Insurers File for Rate Increases
Jan 11 2009 // The California Department of Insurance has approved rate increases for several workers’ compensation insurers. California Insurance Commissioner Steve Poizner had recommended a 5 percent increase in his rate...
Florida Panel Backs Rate Hikes, Stricter Rules for Citizens
Jan 9 2009 // A special task force is recommending that Florida’s state-backed property insurer – Citizens Property Insurance — be permitted to raise its rates beginning in 2010 and that restrictions on what homeowners...
New Jersey Workers’ Comp Rates Drop, Benefits Rise
Jan 5 2009 // New Jersey’s workers’ compensation insurance premiums will drop by roughly 1 percent in 2009, saving the state’s employers an estimated $33 million. “There are a number of factors that affect...
Rates Fall for Mine Subsidence Insurance in Pennsylvania
Dec 31 2008 // Staring tomorrow, homeowners and commercial building owners in Pennsylvania can take advantage of substantially lower rates for mine subsidence insurance, making it more affordable to protect against catastrophic damage...
Workers’ Comp Assigned Risk Rate to Rise in Minnesota
Dec 31 2008 // Minnesota’s Commerce Commissioner has issued a rate order approving a 2.6 percent increase in the overall level of the assigned risk rates for workers’ compensation insurance. The increase is effective April 1,...
North Carolina Auto Insurance Rate Hike In Escrow Until Court Rules
Dec 29 2008 // Auto insurers may increase premiums on North Carolina drivers by up to 9.4 percent starting Jan. 1, but a court ruling will determine whether they can keep the extra money. The North Carolina Rate Bureau, which represents...
Mississippi Approves Alfa Auto Insurance Rate Decrease
Dec 18 2008 // Mississippi Insurance Commissioner Mike Chaney says Alfa Insurance customers are about to pay less for their automobile coverage. Chaney has approved Alfa’s plan to decrease auto rates by as much as 2.1 percent,...
North Carolina Agrees to 4% Home Insurance Rate Hike
Dec 18 2008 // North Carolina Insurance Commissioner Jim Long today signed a settlement agreement with homeowners insurance companies allowing an overall statewide average increase of 4.05 percent in rates beginning May 1. This is below...
Willis Sees Hardening in Airline Insurance Market
Dec 17 2008 // Willis Group Holdings has said that it “expects aviation insurance prices to rise and the insurance market to harden further through the end of 2008 and into 2009,” according to the latest report issued by the...
Florida Hears 18.6% Workers Comp Rate Hike Bid Today
Dec 16 2008 // The Florida Office of Insurance Regulation has scheduled a hearing today to consider a proposed 18.6 percent workers compensation rate increase. The proposal made by the National Council on Compensation Insurance (NCCI) on...
California Workers’ Compensation Premiums Down in 2008
Dec 16 2008 // The Workers’ Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through Sept. 30, 2008. WCIRB said: “California written premium (gross of...
State Farm Loses Second Bid for 47% Rate Hike in Florida
Dec 15 2008 // An administrative law judge in Florida on Friday rejected a 47.1 percent average rate increase sought by State Farm Florida, the state’s largest privately owned property insurer. The Florida-only affiliate of...
