Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
New Catastrophe Bonds on Hold Pending Reinsurance Market Hardening
Nov 30 2008 // Disaster insurance bonds are one of the few assets to make any money this year but new supply is on hold pending expected price rises in the underlying reinsurance market. Market players say demand remains buoyant for the...
S&P Says Global Reinsurers Need Price Rises To Rebuild Capital
Nov 26 2008 // Standard & Poor’s Ratings Services said in a report published today that reinsurers have had sufficient excess capital available to absorb the shocks of the past year, but much of that cushion has now been...
State Farm, Farmers To Increase Homeowners Insurance Rates
Nov 24 2008 // California Insurance Commissioner Steve Poizner has approved homeowners insurance rate increases for State Farm and Farmers, increasing premiums by a combined $115 million. State Farm customers will soon face an average...
New Catastrophe Bonds on Hold Pending Reinsurance Market Hardening
Nov 24 2008 // Disaster insurance bonds are one of the few assets to make any money this year but new supply is on hold pending expected price rises in the underlying reinsurance market. Market players say demand remains buoyant for the...
Has the Declining Economy and Soft Market Affected Your Marketing Plans for 2009?
Nov 19 2008 // Beacon Marketing – “Helping to guide your prospecting needs to new destinations” Orange, CA – November 19, 2008: With the current economic conditions, a lot of agencies have had to reduce and/or cut...
Florida Workers’ Compensation Insurers Seek 8.9% Rate Hike
Nov 17 2008 // A Florida Supreme Court ruling has resulted in a request to raise workers compensation rates by 8.9 percent. The National Council on Compensation Insurance filed it Friday, citing last month’s ruling. The justices...
Soft Market Challenges
Nov 16 2008 // Relationships, Recruiting, Training Key to Survival Soft market conditions could last for another nine months to five years, predict representatives from the agent, broker, carrier, reinsurance, and excess and surplus...
Even Best Practices Agencies Struggle To Grow in Soft Market
Nov 16 2008 // Revenue Growth Proves Challenge, Hiring New Producers Remains Priority The Independent Insurance Agents and Brokers of America (the Big “I”) last month released its annual Best Practices Study. The independent...
Even Best Practices Agencies Struggle to Grow in Soft Market
Nov 16 2008 // Revenue Growth Proves Challenge; Hiring New Producers Remains Priority The Independent Insurance Agents and Brokers of America (the Big “I”) in October released its annual Best Practices Study. The independent...
Soft Market Challenges
Nov 16 2008 // Relationships, Recruiting, Training Key to Survival Soft market conditions could last for another nine months to five years, predict representatives from the agent, broker, carrier, reinsurance, and excess and surplus...
Storms Blamed for Increase in Kansas Homeowner Insurance Premiums
Nov 14 2008 // Kansas appears to be seeing the effects of tornadoes in June in its insurance rates and not even Dorothy’s red shoes can click this bad news away. The Kansas Insurance Department says that since July 1, premiums for...
California State Fund Files an 8.9 Percent Premium Increase for 2009
Nov 13 2008 // California’s State Compensation Insurance Fund announced it filed a Jan. 1, 2009 revision to its rating plan, which it anticipates will result in an average 8.9 percent increase in collectible premium. Premiums for...
Neb. Education Board Seeks to Make Up Insurance Premium Tax Shortfall
Nov 11 2008 // A shortfall in the state’s insurance premium tax receipts has prompted the Nebraska Board of Education to submit a budget deficit request to the legislature that calls for an additional $1.53 million for...
Group Rates States on Consumer Insurance Information on Web
Nov 11 2008 // A national consumer group says state insurance departments vary in the quality of the information they provide consumers online, with only six states doing an excellent job. State insurance department websites in 6 states...
National Study Says Michigan Average Auto Premiums Decline
Nov 10 2008 // Michigan’s average auto insurance premiums decreased in 2006, compared to 2005, a recent study released by the National Association of Insurance Commissioners (NAIC) shows. For the two-year period 2004-6, Michigan...
South Carolina Auto Insurance Rates up Slightly in 2006
Nov 7 2008 // South Carolina auto insurance rates increased slightly in 2006, but remained on average lower than most national rates. A study by the National Association of Insurance Commissioners showed that South Carolina drivers paid...
Survey: Agents Report Rise in Agency E&O Premiums
Nov 5 2008 // A near majority of agents and brokers responding to the 2008 Insurance Journal Agency E&O Survey said they experienced increases in their agency’s errors and omissions premium this year. Some 44.1 percent of...
California Increases Temporary Total Disability Rate
Nov 4 2008 // The California Division of Workers’ Compensation announced that the maximum temporary total disability (TTD) rate will increase to $958.01 on Jan. 1, 2009. The increase to the maximum TTD rate marks the third year in...
Higher Gas Prices Drive Down Auto Rates, Drive Up Politics Over Regulation in New York
Nov 2 2008 // In New York, there exists a curious relationship between gas prices and insurance premiums, at least in government officials’ minds. Gov. David Paterson said his state’s efforts to rein in insurance rates by...
California Commissioner Announces 5% Workers’ Comp Rate Increase
Nov 2 2008 // Rejecting the Workers Compensation Insurance Rating Bureau’s (WCIRB) call for a 16 percent increase in the benchmark for determining workers’ compensation costs, California Insurance Commissioner Steve Poizner...
