Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Premium growth: Should it be measured by company or by group?
Apr 23 2007 // Henry Miller, the author of “The Absolute Collective,” once said that “all growth is a leap in the dark, a spontaneous unpremeditated act without the benefit of experience.” Although he spoke of...
Coastline populations increasing insurance prices
Apr 23 2007 // The U.S. population residing in hurricane-prone states continues to rise, a trend which is likely to impact adversely the nation’s coastal property insurance market for years to come, according to testimony by Dr....
Premium growth: Should it be measured by company or by group?
Apr 23 2007 // Henry Miller, the author of “The Absolute Collective,” once said that “all growth is a leap in the dark, a spontaneous unpremeditated act without the benefit of experience.” Although he spoke of...
Top 25 Property/Casualty Companies in Premium Growth
Apr 23 2007 // 12-months ending Dec. 31, 2006 versus Dec. 31, 2005 (000 Omitted) DPW $ Change DWP DWP DWP $ DWP % Rank Company Name 12/31/2006 12/31/2005 Change Change 1 Lexington Insurance...
New Ohio Law Allows Rate Reduction for 16-Year-Old Drivers
Apr 20 2007 // A recent changes in Ohio’s Graduated Driver License law, will allow a rate reduction for 16-year-old drivers. The reduction will be made available to new policyholders beginning June 1, 2007, according to...
Allstate Wins 29% Rate Hike in Miss.; Resumes Coastal Writings
Apr 20 2007 // Homeowners on Mississippi’s Gulf Coast face another insurance rate hike in Hurricane Katrina’s aftermath. Mississippi insurance regulators this week approved a statewide rate increase of 29 percent for Allstate...
State Farm to Reduce Auto Rates in Ill. by 6 Percent
Apr 20 2007 // State Farm will reduce auto insurance rates an average of 6 percent in Illinois effective May 14, the company said in a statement this week. Premiums will dip by an average $40 a year statewide, though amounts will vary...
Vermont Employers Enjoy Declining Workers’ Compensation Prices
Apr 19 2007 // Workers’ compensation insurance is costing less for most Vermont employers since new rates became effective April 1. The Vermont Department of Banking, Insurance, Securities and Health Care Administration approved...
Miss. Wind Pool Slashes Commercial Rate Hike Using Federal Funds
Apr 12 2007 // A new Mississippi insurance wind pool board on Tuesday approved a 142 percent increase for commercial premiums, a rate that’s significantly lower than it could have been because of $30 million from the federal...
Riding out soft and hard market cycles with quality relationships
Apr 9 2007 // Analyzing the economic rhymes and reasons of soft and hard market cycles in the insurance industry would make for a challenging university-level business course. Theories abound on why and when these cycles occur, but no...
Calif. Workers’ Compensation Insurance Rating Bureau approves 11.3 percent rate decrease
Apr 9 2007 // The Workers’ Compensation Insurance Rating Bureau of California Governing Committee submitted a rate filing to the California Department of Insurance recommending a 11.3 percent decrease in advisory pure premium...
Riding out soft and hard market cycles with quality relationships
Apr 9 2007 // Analyzing the economic rhymes and reasons of soft and hard market cycles in the insurance industry would make for a challenging university-level business course. Theories abound on why and when these cycles occur, but no...
Calif. Workers’ Comp Bureau Approves 11.3 Percent Rate Decrease
Mar 29 2007 // The Workers’ Compensation Insurance Rating Bureau of California Governing Committee has approved the filing of a 11.3 percent decrease in advisory pure premium rates, effective July 1, 2007 on new and renewal...
Allstate Ordered to Reduce Texas Homeowners Rates; Refund $56M
Mar 14 2007 // The Texas Department of Insurance reported that on March 8, 2007, the Travis County District Court affirmed an earlier order by Texas Insurance Commissioner Mike Geeslin requiring Allstate Texas Lloyds to reduce its...
Ill. FAIR Plan Receives Nod for 7.7 Percent Rate Hike
Mar 7 2007 // The Illinois Division of Insurance has granted the Illinois FAIR Plan a rate change for Dwelling Property policies. The overall increase is 7.7 percent, effective March 1, 2007. The last increase in the FAIR Plan rate was...
Fla. Home Premiums Could Fall 10%-50% Under New Reinsurance Law
Mar 5 2007 // Florida homeowners could see average property insurance savings ranging from around 10 percent in the Panhandle to more than half the cost of their policy in South Florida because of a new law, state insurance officials...
Ohio auto and homeowners rates decrease in 2006
Feb 26 2007 // The Ohio Department of Insurance recently announced that the average rates for the state’s top 10 auto and homeowners insurers — which represent 72 percent of both markets — decreased 1.2 percent and 0.8...
Corporate governance, capital drive D&O liability prices down
Feb 26 2007 // Changing corporate governance practices and excess capital in the insurance market have made directors’ and officers’ liability premiums drop in recent years, and rate level erosion in almost every line of...
Premium Growth: A measure for a response to changing needs?
Feb 26 2007 // Virtually all industries respect and demand top line growth. Publicly traded companies, competing for capital, are required to demonstrate an ability to facilitate top line growth. In stark contrast to other industries,...
Ohio auto and homeowners rates decrease in 2006
Feb 25 2007 // The Ohio Department of Insurance recently an-nounced that the average rates for the state’s top 10 auto and homeowners insurers — which represent 72 percent of both markets — decreased 1.2 percent and 0.8...
