Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Health premiums rise 6.1%; average family coverage costs $12,000
Sep 24 2007 // Premiums for employer-sponsored health insurance rose an average of 6.1 percent in 2007, less than the 7.7 percent increase reported last year but still higher than the increase in workers’ wages (3.7 percent) or the...
Eight major mistakes employers make when workers’ comp rates go down
Sep 24 2007 // Employers must view coverage more as a comprehensive risk management tool than necessity Throughout much of the country, declining workers’ compensation rates are music to employers’ ears. After all, that seems...
Health premiums rise 6.1%; average family coverage costs $12,000
Sep 24 2007 // Premiums for employer-sponsored health insurance rose an average of 6.1 percent in 2007, less than the 7.7 percent increase reported last year but still higher than the increase in workers’ wages (3.7 percent) or the...
Eight major mistakes employers make when workers’ comp rates go down
Sep 24 2007 // Declining rates act as blinders for many employers. With lower prices it’s easy to shift focus away from injury management and cost containment to other more pressing business matters. Throughout much of the country,...
S.C. Rejects 23.7% Increase in Workers’ Compensation Rates
Sep 20 2007 // The South Carolina Department of Insurance disapproved a request made by the National Council on Compensation Insurance to increase loss costs statewide by 23.7 percent. NCCI State Relations Executive, Amy Quinn, said...
Oregon To Decrease Workers’ Comp Rates 2.3%
Sep 19 2007 // Oregon’s Department of Consumer and Business Services has announced it is decreasing the workers’ compensation pur premium rate in 2008 by 2.3 percent. Meanwhile, the workers’ comp premium assessment,...
Canada Market ‘Solid’ Says Best Report; But Beware ‘Soft Market Cycle’
Sep 19 2007 // A.M. Best has just released a study of the Canadian insurance market, which found that the country’s P/C insurers enjoyed “another solid year,” from profitable underwriting aided by investment income and...
Fla. Denies Rate Increases for Hartford Insurance Companies
Sep 14 2007 // Florida Insurance Commissioner Kevin McCarty denied eight rate filings submitted by insurance companies of The Hartford Financial Services Group. The filings submitted were not actuarially justified and lacked supporting...
Dale Approved Miss. Farm Bureau Casualty Co. Rate Reductions
Sep 14 2007 // In a step seen to indicate further stabilization of the Mississippi insurance market, Commissioner of Insurance George Dale announced that he has approved two rate filing reduction requests filed by Mississippi Farm Bureau...
Health Premiums Rise 6.1%; Average Family Coverage Costs $12,000
Sep 12 2007 // Premiums for employer-sponsored health insurance rose an average of 6.1 percent in 2007, less than the 7.7 percent increase reported last year but still higher than the increase in workers’ wages (3.7 percent) or the...
Wash. Proposes Workers’ Comp Rate Increase
Sep 10 2007 // Washington’s Department of Labor and Industries has proposed raising workers’ compensation rates 3.2 percent in 2008, with the average premium increasing by just more than 2 cents per hour worked. L&I...
Guy Carp Issues Annual Cat Report; Rates Down by 6%
Sep 6 2007 // Guy Carpenter & Company, LLC has published its annual, comprehensive study of the global property catastrophe reinsurance market – “The World Catastrophe Reinsurance Market: New Capital Stabilizes...
Ala. Coast Condo Industry Pushes for Action on Rising Insurance Rates
Sep 4 2007 // As Labor Day tourists take an end-of-summer beach trip, owners of thousands of condominiums that line the Alabama Gulf Coast say they’re getting burned by soaring insurance premiums. Insurance legislation aimed at...
Calif. approves Geico rate reduction
Sep 3 2007 // The California Department of Insurance has announced it has approved GEICO’s 10.8 percent rate reduction in personal auto insurance policies. The reduction should translate into $65.8 million in overall savings for...
Calif. approves Geico rate reduction
Sep 3 2007 // The California Department of Insurance has announced it has approved GEICO’s 10.8 percent rate reduction in personal auto insurance policies. The reduction should translate into $65.8 million in overall savings for...
NCCI Proposes Reduction for Workers Compensation Rates in Florida
Aug 29 2007 // Driven by significant declines in claim frequency and improvement in loss development (i.e., claims are developing to a lower ultimate value) the National Council on Compensation Insurance is proposing that Florida...
SCOR’s 1H Gross Written Premiums up 55% to $2.86 Billion
Aug 22 2007 // France’s SCOR Group has turned in a good first half performance, even before absorbing Swiss reinsurer Converium AG. The reinsurer announced that gross written premiums for the first half of 2007 rose to €2.124...
Commissioner Refuses Allstate’s Proposed 5.9% Rate Hike in Texas
Aug 22 2007 // Allstate Texas Lloyds on Aug. 20 announced two filings that would raise its homeowners insurance rates in Texas by 5.9 percent and 2.1 percent, but Texas Insurance Commissioner Mike Geeslin immediately moved to block the...
21% Property Rate Hike Approved in La. May Affect 8,500
Aug 17 2007 // Louisiana regulators approved a property insurance rate change on Aug. 15, a statewide average rate increase of over 21 percent that will affect roughly 8,500 policyholders. The Louisiana Insurance Rating Commission...
Fla. Cancels Two Insurers’ ‘True-Up’ Rate Filing Requests
Aug 13 2007 // The Florida Office of Insurance Regulation disapproved Metropolitan Casualty Insurance Co.’s and Metropolitan Property & Casualty Insurance Co.’s rate filings because they lacked the legally required...
