Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Mich. Auto Rates Up 4% in 2004
Jun 28 2005 // The average cost of an auto insurance policy in Michigan increased 4 percent in 2004, according to a study by the Insurance Institute of Michigan. The average auto insurance premium in 2004 was $1,130, compared to $1,086...
Fla. CFO Blasts Allstate for Increasing Its Rates Before Public Hearing
Jun 23 2005 // After an announcement by Allstate Insurance Company early June 23 Florida’s CFO Tom Gallagher issued a highly-critical press release blasting the company for its actions and has instructed Insurance Commissioner...
Fla. CFO Gallagher Urges Commissioner: Reject Cincinnati’s 37.5 Percent Rate Increase Request
Jun 21 2005 // Florida’s Chief Financial Officer Tom Gallagher has urged Insurance Commissioner Kevin McCarty to reject a 36.7 percent rate increase request by Cincinnati Indemnity Company/Insurance Company. “After directing...
COMP RATES TO RISE 2%
Jun 20 2005 // The agency that manages North Dakota’s monopoly workers’ compensation system announced that premium rates will rise an average of 2 percent beginning July 1, 2005. The agency, Workforce Safety & Insurance,...
AUTO, HOMEOWNER RATE DECREASES OK’D
Jun 20 2005 // Three insurance companies have been granted rate decreases by the West Virginia Insurance Comm-ission, including: Erie Insurance Co., 3.1 percent decrease in private passenger auto insurance, goes into effect Aug. 1; State...
Insurers Decrease Calif. Workers’ Comp Rates as Reforms Take Effect
Jun 20 2005 // Many workers’ compensation insurers doing business in California are decreasing their rates, evidence that the major reforms enacted last year are taking effect. Insurance Commissioner John Garamendi recently...
Insurers Decrease Calif. Workers’ Comp Rates as Reforms Take Effect
Jun 20 2005 // Many workers’ compensation insurers doing business in California are decreasing their rates, evidence that the major reforms enacted last year are taking effect. Insurance Commissioner John Garamendi recently...
3.8% Auto Residual Market Rate Increase in Effect in Virginia
Jun 15 2005 // An average 3.8 percent increase in rates for private passenger auto policies insured through the Virginia Automobile Insurance Plan is now in effect. The industry had requested an average 5.5 percent rate increase. The...
N.D. Comp Rates to Rise 2%
Jun 10 2005 // The agency that manages North Dakota’s monopoly workers’ compensation system announced that premium rates will rise an average of 2 percent beginning July 1, 2005. The agency, Workforce Safety & Insurance,...
Mass. LLJUA Hikes Limits, Adjusts Rates For Liquor Liability Coverage
Jun 8 2005 // The Liquor Liability Joint Underwriting Association of Massachusetts now offers coverage up to $1 million per person and $1 million per occurrence. The previous coverage limit was $500,000 per person and $1 million per...
WORKERS COMP RATES UP 3%:
Jun 6 2005 // Massachusetts Insurance Commissioner Julianne Bowler has approved a 3.0 percent overall average rate reduction in workers’ compensation rates, a savings of $32.6 million in premiums paid by employers. The new rates...
New PD Regs to Reduce Work Comp Rates
Jun 6 2005 // New permanent disability regulations will reduce the cost of workers’ compensation insurance pure premium rates by anywhere from three to 12 percent, said California Insurance Commissioner John Garamendi in a recent...
New PD Regs to Reduce Work Comp Rates
Jun 6 2005 // New permanent disability regulations will reduce the cost of workers’ compensation insurance pure premium rates by anywhere from three to 12 percent, said California Insurance Commissioner John Garamendi in a recent...
New PD Regs to Reduce Work Comp Rates
Jun 6 2005 // New permanent disability regulations will reduce the cost of workers’ compensation insurance pure premium rates by anywhere from three to 12 percent, said California Insurance Commissioner John Garamendi in a recent...
Some Insurers Decreasing Homeowners Rates in Texas
Jun 2 2005 // One in six Texas homeowners could see reduced insurance rates this year, the Associated Press and Houston Chronicle reported. Several small insurance companies have filed their rate changes for 2005 indicating rate...
S&P: Personal Lines Sector Outlook Stable Despite Market Softening
Jun 2 2005 // After experiencing its worst catastrophe losses ever (about $27 billion) in 2004, the U.S. personal lines insurance sector is showing signs of entering into a softer cycle than the hard one that has dominated the industry...
AIA Comments on Calif. Workers’ Comp Rate Decrease; Bill to Regulate Rates
Jun 2 2005 // A day after the California Senate gave the go-ahead for a bill to regulate workers’ compensation rates, Insurance Commissioner John Garamendi (D) has recommended that insurers base premiums on a decreased pure...
Garamendi Calls for 18% Decrease in Work Comp Pure Premium Rate
Jun 1 2005 // California Insurance Commissioner John Garamendi called for an 18 percent decrease in workers’ compensation pure premium rates and issued the following statement on June 1: “The historic workers’...
Calif. State Fund Files an Average 14% Rate Decrease
Jun 1 2005 // State Compensation Insurance Fund has filed an average collectible rate decrease of 14 percent on new and renewal workers’ compensation policies with an effective date on or after July 1, 2005. The filing includes a...
Zenith Files 12% Reduction in Its Calif. Workers’ Comp Rates
May 31 2005 // Zenith National Insurance Corp. reported that its wholly owned subsidiary, Zenith Insurance Company, has filed with the California Department of Insurance its workers’ compensation rates for use in California on or...
