Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Hawaii’s Largest Insurer, HMSA, Plans Rate Hike
Mar 31 2008 // Haeaii’s biggest health insurer wants to hike health insurance premiums by more than 12 percent next year, the biggest increase in nearly two decades. The proposed rate hikes would affect 144,000 members and...
Benfield Inc to address Soft Market Impact on Program Business
Mar 21 2008 // Wilmington, DE – March 2008 – The Target Markets Program Administrators Association announced today that the Association’s Strategic Partner Benfield Inc. will be collecting data from TMPAA Program...
Aon Says Failures May Increase Premiums for Space Vehicles
Mar 21 2008 // The failures of the Sea Launch rocket carrying the NSS-8 satellite, the Proton carrying JCSat 11 and the recent failure of the Proton rocket carrying the AMC-14 satellite, could cause space insurers to increase premiums by...
5 Years Later, Ohio Has Falling Insurance Rates; Fewer Obstetricians
Mar 20 2008 // When Bobbie Cameron became pregnant with her third child, she reluctantly chose a new doctor to oversee her care. Her longtime physician had dropped out of the birthing business because of soaring malpractice insurance...
Farmers Files Homeowners Rate Increase in Texas
Mar 18 2008 // Stating it’s the first rate change in two years for its “Texas Family Home Policy,” Farmers Insurance Group, through Texas Farmers Insurance Company, filed a rate increase for the policy with the Texas...
As the Soft Market Continues, Calif. Wholesalers Seek Specialty Niches
Mar 10 2008 // Relationships with agents, brokers and regulators critical to CIWA members The members of the California Insurance Wholesalers Association (CIWA) play a vital role in the state’s insurance market. To find out how...
Colorado Auto Rates Down, Study Shows
Mar 10 2008 // Car insurance rates for Colorado drivers on average have dropped 35 percent since the state changed its auto insurance system nearly five years ago, according to an independent study released by Gov. Bill Ritter’s...
Aon Study Finds Aerospace Premiums Down by 11%
Mar 7 2008 // Aon’s recently published “Aerospace Insurance Market Review 2007” highlights the year’s “soft market driven by high capacity and historically low claims.” Aon determined that the...
N.C. Auto Insurance Companies Ask for 13% Rate Hike
Mar 4 2008 // The North Carolina Insurance Commissioner received the annual auto insurance rate filing from the North Carolina Rate Bureau, according to Insurance Commissioner Jim Long. The Bureau, which represents the auto insurance...
Fla. Mobile Home Insurance Co. Files 72.9% Rate Increase
Mar 4 2008 // Florida-based Foremost Insurance Group of companies filed a 72.9 percent increase on mobile homeowners’ insurance rates, according to the Florida Office of Insurance Regulation. The group’s companies, including...
State Farm Says Neb. 2007 Auto Rates Fell by 18 Percent
Mar 3 2008 // Bloomington, Ill.-based State Farm Insurance said recently that many drivers in Nebraska should see lower car insurance rates because there have been fewer accidents. State Farm insurance says its auto insurance rates in...
Financial Institutions’ Directors and Officers Insurance Rates Jump
Feb 28 2008 // Directors’ and officers’ liability insurance costs for financial institutions significantly increased in the fourth quarter of 2007, according to a D&O pricing index released by Aon Corp. Authored by Aon...
Aon Review Sees Harder Aviation Market
Feb 27 2008 // Aon’s “Airline Insurance Market Review of 2007” cites the “high level of hull and liability claims, at US$1.7 billion, coupled with the lowest amount of lead hull and liability premium since 2000...
Oil Companies May be Under Insured as Prices Rise, Notes Marsh
Feb 20 2008 // In a bulletin released in advance of Marsh’s National Oil Companies Conference to be held next week, the broker warned that oil companies run the risk of being under insured as world oil prices reach record...
Ind. Medical Malpractice Surcharge Rates to be Reduced 19% for Docs
Feb 20 2008 // Indiana doctors and hospitals will catch a break on the rates they pay to support a malpractice payout fund starting next month. But the deal probably won’t translate into lower patient bills. Patient’s...
Colorado Auto Rates Down, Study Shows
Feb 19 2008 // Car insurance rates for Colorado drivers on average have dropped 35 percent since the state changed its auto insurance system nearly five years ago, according to an independent study released today by Gov. Bill...
How E&S Brokers Thrive and Survive in Today’s Soft Market
Feb 1 2008 // For excess and surplus lines brokers, identifying available insurance markets not sought by the standard market may be the key to surviving and thriving in the soft market. The answer to growth in a soft market is simple,...
Chubb 4Q Profit Stayed About Even; U.S. Premiums Down 2%
Jan 30 2008 // The Chubb Corp. reported that net income in the fourth quarter of 2007 was $650 million or $1.68 per share, compared to $654 million or $1.56 per share in the fourth quarter of 2006. Operating income increased to $620...
Mississippi Commissioner: Coastal Insurance Rates to Increase
Jan 30 2008 // The state’s new insurance commissioner says Mississippi Gulf Coast residents can expect an insurance rate increase this year. Commissioner Mike Chaney spoke Monday at the opening of the Insurance Department’s...
For 2007, Hanover Reports P/C Earnings Up 20%; Premiums Up 5%
Jan 29 2008 // The Hanover Insurance Group Inc. in Worcester, Mass. reported a rise in earnings for the fourth quarter and last year overall while its chief executive officer expressed confidence the company has “momentum leading...
