Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Consumer Group Applauds Washington Commissioner For Refunding Premiums to Doctors
Mar 4 2005 // The Center for Justice & Democracy, a national consumer organization that monitors insurance industry practices, applauded the Washington State Office of the Insurance Commissioner for ordering the state’s...
The Doctors Co. Reports Rate Decrease for Texas
Feb 25 2005 // The Doctors Company, a physician-owned medical malpractice carrier, will file with the Texas Department of Insurance to decrease its average rate level. Ninety percent of the company’s current Texas insureds will...
AUTO RATES FALLING:
Feb 21 2005 // New Hampshire drivers are benefiting from increased competition among auto insurers. Seven of the 11 auto insurance companies that have filed rate change requests with the state so far this year have asked for decreases,...
Commercial Insurance Posts Full Year in Soft Market, RIMS Survey Reveals
Feb 21 2005 // The commercial insurance industry experienced a full year of a soft market conditions in 2004, as the last months of the year represented the fourth consecutive quarter of declining prices, according to the RIMS Benchmark...
RATE BUREAU REQUESTS 11.5 PERCENT INCREASE IN AUTO RATES
Feb 21 2005 // The North Carolina Department of Insurance doubts new methodology used by the North Carolina Rate Bureau, which has just requested an 11.5 percent statewide increase in private auto insurance rates. NCRB is an independent...
D&O RATES TO DECREASE EVEN MORE:
Feb 21 2005 // The start of 2004 was a testing time for the global D&O market, reports Willis’ Directors & Officers Index which asked participating insurers for their views about the past three and next three months....
Surplus Lines Experiencing Softening Market with Rest of Industry
Feb 21 2005 // Insurance Journal recently surveyed several surplus line associations regarding their thoughts on the current atmosphere of the surplus lines marketplace, and their expectations into 2005. Executive director Ted Pierce of...
Medical Protective Won’t Seek Overall Rate Increase in Texas This Year
Feb 16 2005 // The Medical Protective Company (Medical Protective), a large admitted primary medical professional liability insurer in Texas, announced it has no plans to take an overall rate increase in the state in 2005. President and...
532,000 Fla. Mobile Home Owners Could Face Costly Premium Increases
Feb 14 2005 // Six months after four hurricanes tore through Florida, more than 532,000 mobile home owners in the state could soon face costly premium increases or lose coverage according to Sam Miller, executive vice president of the...
Commissioner Asks for Delay in Rate Increases Until After Fla. Legislature Meets
Feb 10 2005 // State Insurance Commissioner Kevin McCarthy has asked property insurance companies to delay filing for rate increases until after the upcoming legislative session ends in early May. In addition to postponing new filings...
Auto Insurance Rates to Climb Slightly in 2005; 1.5% Estimate Will Mark the Smallest Increase in Five Years
Feb 9 2005 // The cost of auto insurance is expected to rise by just 1.5 percent in 2005, the smallest increase in five years, reports the Insurance Information Institute. The average cost for auto insurance nationwide for 2005 is...
MarketScout Reports Jan. Rates Up
Feb 9 2005 // Dallas-based MarketScout (www.marketscout.com) reported this week that January 2005 property and casualty rates increased by a composite rate of 1%. According to Richard Kerr, chairman and CEO of MarketScout, “The...
N.H. Auto Insurance Rates Falling
Feb 8 2005 // New Hampshire drivers are benefiting from increased competition among auto insurers. Seven of the 11 auto insurance companies that have filed rate change requests with the state so far this year have asked for decreases,...
Fla. Schedules Public Hearings on Rate Increase
Feb 7 2005 // Four public hearings have been scheduled March 1 in Florida to discuss Nationwide Insurance’s proposed 28.3 percent statewide average rate increase for homeowner’s insurance policies. Two hearings are scheduled...
N.C. DOI Scrutinizing Rate Bureau’s Request to Increase Auto Premiums
Feb 7 2005 // The request by the North Carolina Rate Bureau to increase auto insurance rates in North Carolina is being closely scrutinized by the North Carolina Department of Insurance according to Chrissy Pearson, a DOI...
Willis D&O Index Reports Rates to Decrease Even More
Feb 7 2005 // The start of 2004 was a testing time for the global D&O market, reports Willis’ Directors & Officers Index which asked participating insurers for their views about the past three and next three...
Commercial Insurance Posts Full Year in Soft Market, Reports RIMS Benchmark Survey
Feb 7 2005 // The commercial insurance industry experienced a full year of a soft market conditions in 2004, as the last months of the year represented the fourth consecutive quarter of declining prices, according to the RIMS Benchmark...
N.C. Rate Bureau Asks Insurance Commission for 11.5 Percent Auto Premium Increase
Feb 3 2005 // The North Carolina Department of Insurance has expressed doubts about new methodology used by the North Carolina Rate Bureau, which has just requested an 11.5 percent statewide increase in private auto insurance rates....
Premiums Decline But Combined Ratio Holds Steady Reports Groundhog Day Forecast
Feb 2 2005 // Each year before Groundhog Day, the Insurance Information Institute invites a panel of Wall Street stock analysts and industry professionals to come out of their holes, look around for their shadow and forecast the outlook...
Chubb Reports Year-End, 4Q Results Up; Premium Volume Grows 5% for 2004
Feb 2 2005 // The Chubb Corporation reported that its net income in the fourth quarter 2004 jumped to $467.6 million compared to $72.3 million in the fourth quarter 2003. Property/casualty net premiums written in the fourth quarter of...
