Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
AIG Says P/C Rates Likely to Continue Rising
Jul 26 2002 // AIG chairman M.R. Greenberg says that property and casualty rates are likely to continue their upward climb in 2003. Greenberg reported in a conference call with analysts that insurers are rebuilding their capital base,...
WCIRB Votes to Increase Workers’ Comp Rates 11.9 Percent
Jul 26 2002 // California’s Workers’ Compensation Insurance Rating Bureau’s (WCIRB) Governing Committee approved the filing of a proposed 11.9 percent increase in pure premium rates effective January 1, 2003 for new and...
La. Auto Rates Rising
Jul 22 2002 // Citing increasing medical and repair costs, a weak stock market, and the effects of state laws enacted in 1998, Louisiana insurance regulators anticipate a rise in auto rates in their state. The Times-Picayune reports that...
La. Auto Rates Rising
Jul 22 2002 // Citing increasing medical and repair costs, a weak stock market, and the effects of state laws enacted in 1998, Louisiana insurance regulators anticipate a rise in auto rates in their state. The Times-Picayune reports that...
CIAB Survey Indicates Trend in Increased Rates
Jul 19 2002 // A survey by the Council of Insurance Agents & Brokers (CIAB) that was answered by more than 130 agents and brokers, notes that commercial insurance rates continued an upward climb for the second quarter of this year....
Closed Temporarily by Rising Rates, Nev. Trauma Center Back in Business
Jul 16 2002 // Ten days after shutting down due to fast-rising malpractice insurance rates, Nevada’s lone top-level trauma center reopened its doors July 14, according to the Las Vegas Review-Journal. The county-run trauma center...
Ontario Approves Kingsway’s Private Passenger Rate Hikes
Jul 16 2002 // Toronto-based Kingsway Financial Services Inc. has obtained approval from the Financial Services Commission of Ontario (FSCO) to implement increased rates and to eliminate certain rating classes for Private Passenger...
Report Rate Increases for Child Care Centers in Conn.
Jul 12 2002 // According to a report from the Hartford Courant insurance premiums on child care centers, including summer camps and day care facilities, have recently risen between 10 and 20 percent in Connecticut and other states. The...
Mo. Sees 2002 Workers’ Comp Rate Hikes in Private Market
Jul 9 2002 // Missouri workers’ compensation rates for most businesses have risen an average of 6.7 percent this year, based on data through mid-June, according to the Missouri Department of Insurance. Filings with that agency...
As Hard Market Persists, E&S Brokers Wait For The Right Opportunity
Jul 8 2002 // Last January separate panels of analysts who follow the insurance industry and CEO’s of insurance companies predicted a “foreshortened” cycle, a brief hard market that would give insurers little relief...
S&P Says ‘Wait ’til Next Year’ for Hard Market to Ease
Jul 8 2002 // At its Insurance 2002 conference in New York recently, Standard and Poor’s offered little consolation to insurance agents and brokers who are looking for quick relief from the pressures of the current hard...
As Hard Market Persists, E&S Brokers Wait for the Right Opportunity
Jul 8 2002 // Last January separate panels of analysts who follow the insurance industry and CEO’s of insurance companies predicted a “foreshortened” cycle, a brief hard market that would give insurers little relief...
SP’s Says ‘Wait ’til Next Year’ for Hard Market
Jul 8 2002 // At its Insurance 2002 conference in New York recently, Standard and Poor’s offered little consolation to insurance agents and brokers who are looking for quick relief from the pressures of the current hard...
Homeowners Rates on Rise
Jul 8 2002 // Homeowners insurance rates have risen by average of 8 percent nationwide in 2002 due to an extraordinary number of catastrophes, the high cost of home repairs and excessive jury awards in mold cases, according to a new...
AIA Says Inaccurate Motor Vehicle Records Increase Premiums for Good Drivers, Jeopardize Highway Saf
Jul 2 2002 // Inaccurate, incomplete motor vehicles records (MVRs) not only compromise highway safety and force good drivers to subsidize bad drivers, they also cause insurers to rely on other methods to fully assess individual driver...
Homeowners’ Rates on Rise: Increased Catastrophes, Soaring Home Repairs and Excessive Jury Awards am
Jul 1 2002 // An extraordinary number of catastrophes, the high cost of home repairs and excessive jury awards due to the emergence of mold claims are pushing the cost of homeowners insurance upward an average of 8 percent nationwide in...
Swiss Re Analysts See Economic Recovery, Hard Market Continuing
Jun 27 2002 // Wednesday’s teleconference, featuring Swiss Re’s economic experts, concluded that a modest economic recovery will continue, the insurance industry will see higher rates and a “flight to quality, ”...
La. Decides to wait at Least One Month on Allstate Rate Hike Request
Jun 26 2002 // The Louisiana Insurance Rating Commission has deferred action for at least a month on Allstate Insurance Co.’s request for a 19.9 percent rate hike for homeowners and renters insurance, claiming the company had not...
La. Decides to wait at Least One Month on Allstate Rate Hike Request
Jun 26 2002 // The Louisiana Insurance Rating Commission has deferred action for at least a month on Allstate Insurance Co.’s request for a 19.9 percent rate hike for homeowners and renters insurance, claiming the company had not...
State Farm Subsidiaries Request Rate Hike in Nev.
Jun 26 2002 // The Nevada Department of Insurance announced two State Farm subsidiaries, State Farm Mutual Automobile Insurance Company and State Farm Fire & Casualty Company, recently requested proposed rate hikes of 3.7 percent...
