Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
R.I. Approves NORCAL’s 10%, JUA’s 70% Med-Mal Rate Hikes
Nov 2 2005 // The R.I. Department of Business Regulation has approved a 10 percent rate hike for NORCAL Mutual Insurance Co., the state’s largest medical malpractice insurer, effective Jan. 1, 2006. The department has also agreed...
Fla. Attorney General: Price Gouging Complaints Rise for Repairs, Cleanup
Nov 2 2005 // With Floridians beginning the rebuilding process in the wake of Hurricane Wilma’s assault one week ago, Attorney General Charlie Crist said his office’s Price Gouging Hotline has seen a spike in repair and...
N.H. Workers’ Comp Rates Going Down
Nov 2 2005 // The New Hampshire Insurance Department has approved a workers’ compensation voluntary market loss cost rate decrease averaging 3.9 percent and an average decrease of 4.6 percent for assigned risk rates. The revised...
Rate Decrease Granted for W. Va. Mutual Insurance Co.
Nov 1 2005 // The West Virginia Mutual Insurance Company has been granted a 5 percent rate increase according to Insurance Commissioner Jane L. Cline. The new rates take effect Jan. 1, 2006. West Virginia Mutual filed for the rate...
Fla. DOI Orders Comp Rate Reduction
Oct 28 2005 // Florida Insurance Commissioner Kevin McCarty disapproved a workers’ compensation rate filing from National Council on Compensation Insurance (NCCI) and called for a new filing with a larger rate decrease. In his...
Md. Sedan Owners Lose Drive to Halt 52% Rate Hike
Oct 24 2005 // The Maryland Automobile Insurance Fund has prevailed over a challenge to its most recent 52.8 percent rate increase by sedan owners. The Maryland Insurance Administration upheld the increase in an order signed by Acting...
Commercial P/C Market Gets Ready for Post-Katrina Price Increases
Oct 24 2005 // Commercial insurance brokers from across the country say so far, the impact of Hurricanes Katrina and Rita has been minimal, but they are bracing for higher prices, reduced capacity, increases in deductibles and tighter...
FIC Says Irresponsible Workers’ Compensation Rate Reductions Could Reverse Reform Progress
Oct 18 2005 // The Florida Insurance Council, (FIC) is warning regulators against steep, politically-motivated cuts in workers’ compensation insurance rates. FIC said the reforms resulting from the massive workers’ comp bill...
Colorado’s Auto Rates Drop Up to 39% Under New System
Oct 17 2005 // Colorado automobile insurance rates have dropped between 16 and 39 percent, depending on the location of the driver and coverages purchased, according to a new Property Casualty Insurers Association of America, (PCI) and...
Colorado’s Auto Rates Drop Up to 39% Under New System
Oct 17 2005 // Colorado automobile insurance rates have dropped between 16 and 39 percent, depending on the location of the driver and coverages purchased, according to a new Property Casualty Insurers Association of America, (PCI) and...
Hurricanes Slow Aviation Premium Cuts, Report Says
Oct 14 2005 // The decline in airline insurance premium rates will slow during the October to December renewal season, despite a good industry safety record in 2005, according to the “Airline Insurance Market Review,” a new...
Miss. Medical Assurance Co. Announces 5 Percent Decrease in Medical Malpractice Rates
Oct 14 2005 // Medical Assurance Co. of Mississippi, a physician owned provider which covers about 70 percent of the state’s physicians, has announced a 5 percent decrease in its 2006 malpractice rates and a 10 percent refund on...
N.Y. Group Wants State to Post Comparative Auto Rates for Drivers
Oct 13 2005 // In an effort to reduce expenses for consumers, The New York Public Interest Research Group is calling on the state Insurance Department to compile rate information and post it online so state residents can more easily shop...
Horace Mann Corp. Decreases Auto Rates for W. Va. Educators
Oct 4 2005 // Horace Mann Educators Corp. has lowered auto insurance rates for West Virginia consumers an average of 4.4 percent effective Nov. 1, 2005. “We are pleased to reduce rates for educators in West Virginia,” said...
R.I. Grants 2.3% Hike in ProSelect’s Rates for Physicians
Oct 4 2005 // Medical insurer ProSelect has received approval for an average 2.3 percent increase in physicians’ and surgeons’ medical malpractice insurance rates in Rhode Island. However, the insurer lost its bid for an...
Med-Mal Rate Increases Slow Down in Arkansas
Oct 3 2005 // The cost of malpractice insurance for Arkansas doctors didn’t rise as much this year, but a new law limiting damages in liability suits isn’t getting the credit, according to the Associated Press and the...
TMLT TO REDUCE RATES 5%
Oct 3 2005 // Texas Medical Liability Trust announced that effective Jan. 1, 2006, it will reduce medical liability rates for new policyholders by 5 percent across the board. Current TMLT policyholders will receive this rate decrease...
Med-Mal Rate Increases Slow Down in Arkansas
Oct 3 2005 // The cost of malpractice insurance for Arkansas doctors didn’t rise as much this year, but a new law limiting damages in liability suits isn’t getting the credit, according to the Associated Press and the...
Katrina, Asbestos, Soft Market Test Mettle of Today’s Bright CEOs
Oct 3 2005 // Industry pundits have praised today’s insurance chief executive officers as better informed and more disciplined than their peers of the past. The next few months may put that notion to the test as these leaders are...
Mass. Auto Rates Certain to Go Down in 2006 as Bureau Calls for 5.4% Cut
Sep 30 2005 // One thing is known: auto insurance rates in Massachusetts will be going down in 2006. How much remains a matter for Insurance Commissioner Julianne Bowler to decide by the end of the year. Bowler today received her third...
