Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
PIFC, NAII Counter DMV’s Proposed Rate Hike for Records Access
Jun 20 2002 // A public hearing June 18 at California’s DMV headquarters to discuss proposed Department of Motor Vehicles (DMV) regulations to raise fees to access public drivers license information heard strong opposition from...
Colo. Wildfires Won’t Increase Homeowners Rates
Jun 18 2002 // Despite the severity of the Colorado wildfires that have blazed through the state in recent weeks, the good news is that insurance companies insist homeowners rates won’t rise due to the immense amount of claims...
PIA Panel Gives Views on Hard Market
Jun 17 2002 // The combined meeting of the Professional Insurance Agents of New York and New Jersey, recently held in Atlantic City, heard a number of views from a panel of experts on the current state of the insurance market. The...
Report Slowdown in U.K. Auto Rate Increases
Jun 10 2002 // According to a recent study, UK automobile insurance rates are flattening out after three years of big premium increases. The report, compiled by market analyst Datamonitor, found that rates had increased 53 percent on...
CALIF. COMMISSIONER APPROVES PURE PREMIUM RATE INCREASE
Jun 10 2002 // California Insurance Commissioner Harry Low recently approved a 10.1 percent average increase in workers’ compensation pure premium rates. The increase, which was proposed by the Workers’ Compensation Insurance...
La. Fire Ins. Premiums May Go Down
Jun 10 2002 // Three fire departments in Louisiana’s Jeffers on Parish are set to receive higher fire ratings in June, which could save property owners in Marrero and Harvey as much as 15 percent on their fire insurance premiums....
PIA of NY, NJ to Hold Hard Market Panel Discussion at Annual Conference
May 31 2002 // The Professional Insurance Agents of New York and New Jersey announced that they will host a panel discussion on the “Hard Market” at their joint annual conference which takes place June 9-11. The panel, which...
U.S. P/C Rates Still Increasing
May 27 2002 // Although the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs,...
Standard and Poor’s: U.S. P/C Insurance Rates to Continue Increase on Renewals
May 17 2002 // While the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs,...
Iowa Gov. Signs Premium Tax Reduction Bill
May 13 2002 // Iowa Gov. Tom Vilsack signed Senate File 2318, which will cut the premium tax for P/C insurers from 2 percent to 1 percent over a four-year period, beginning in 2004. National Association of Independent Insurers (NAII)...
IJ Asks: How Long Will the Hard Market Last’
May 13 2002 // When the market is soft, the insurance industry speculates how long it will be until it turns hard … similarly, when it is hard, everyone speculates how long it will be until it turns soft. Insurance Journal pulled out...
ALLSTATE GAINS CALIF. RATE HIKE APPROVAL
May 13 2002 // Allstate Corp. got the go-ahead from state regulators May 2 to make increases in both auto and homeowner insurance rates, according to the Los Angeles Times. California’s third largest insurer had requested a...
Automobile Rates on the Rise in Mich.
May 10 2002 // The typical Michigan motorist will experience increased automobile insurance rates during the coming year, according to the Michigan Office of Financial and Insurance Services (OFIS). To help Michigan motorists combat...
Survey Finds $180 Million Rise in Pa. Hospitals’ Med Mal Rates
May 7 2002 // Hospitals in Pennsylvania are estimated to be paying more than $180 million in additional premiums for medical liability insurance compared to a year ago, according to a statewide survey of medical professional liability...
PartnerRe Reports Premium Increases, But Q1 Net Falls 34%
May 7 2002 // Bermuda-based PartnerRe Ltd. reported record operating results for the 2002 first quarter of $66.8 million, or $1.29 per share on a fully diluted basis compared to $55.6 million, or $1.08 per share, for the first quarter...
Allstate Gains Calif. Rate Hike Approval
May 6 2002 // Allstate Corp. got the go-ahead from state regulators May 2 to make increases in both auto and homeowner insurance rates, according to the Los Angeles Times. California’s third largest insurer had requested a...
PIA Conducts Agent E-Survey on Hard Market
May 1 2002 // The Professional Insurance Agents of Connecticut, New Hampshire, New Jersey and New York has launched a survey on their collective Web sites, asking their members to evaluate the conditions of several sectors of the...
RenRe Posts 100% Increases in Q1 Premiums, Income
Apr 23 2002 // RenaissanceRe Holdings Ltd. proved once again that it can make money better than anyone else. The Bermuda-based company announced that its first quarter net operating income available to common shareholders (excluding...
Iowa Legislature Passes Premium Tax Reduction
Apr 18 2002 // In the closing days of the Legislative session, Iowa lawmakers passed two bills that will cut the premium tax for property/casualty insurers and rectify a court decision that adversely impacted workers’ compensation...
Fireman’s Fund Unveils New Software for Middle-Market Business
Apr 15 2002 // Fireman’s Fund Insurance has developed a new software program, designed specifically to help agents better serve their customers. The software, iCustomer Series, is targeted at middle market businesses concentrated...
