Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
New Jersey Workers’ Comp Rates to Decline 2.3 Percent in 2001
Dec 8 2000 // Workers’ comp premiums will be reduced by an overall 2.3 percent next year, New Jersey Banking and Insurance Commissioner Karen L. Suter announced yesterday. At the same time, weekly benefits to injured workers for...
I.I.I. Report: Auto Insurance Rates Expected To Rise This Year
Dec 5 2000 // Automobile insurance rates are expected to rise by 1.5 percent this year, the first increase in three years. Additional increases of 2 percent to 4 percent are likely in 2001. Among the factors driving rates upward are...
Allstate, Progressive To Raise Rates For SUV, Pickup Drivers
Dec 4 2000 // Auto insurance giants Allstate and Progressive will raise liability premiums for sport utility vehicles, pickup trucks and big vans because of evidence they cause more damage in accidents. Until now, drivers with similar...
MDI, Industry Group Recommend Further Cuts in 2001 Workers’ Comp Rates
Nov 30 2000 // Both the Missouri Department of Insurance and a key industry group are recommending that several years of workers compensation rate reductions continue into 2001. “We have been prepared for this long cycle of rate...
Premium Income Rises at Allianz – Eyes U.K. Acquisition
Nov 27 2000 // German insurance giant Allianz AG announced that premium income for the first 9 months of the year reached a record €50.9 billion ($42.675 billion) a 15.5 percent rise over 1999. Property and casualty operations...
Artisan Contractor Class Stays Strong – Despite Construction Defect Litigation, Hardening Market and
Nov 27 2000 // The building boom across much of the country resulting from nearly 10 years of economic expansion has also resulted in a business boom for artisan contractors. As individuals in some of the country’s hottest markets...
Missouri Uninsured Driver Rate Down 18 Percent in 1999
Nov 22 2000 // Missouri’s projected rate of uninsured passenger vehicles dropped by 18 percent—or 63,000 autos—during 1999, reaching the lowest levels since the state enacted its current mandatory insurance law in 1987,...
Commentary: No Time for Basking in the Glow of the Hard Market
Nov 13 2000 // It’s finally here! Strike up the band, pass out the cigars, the hard market has arrived! We still have availability of product and our renewals are up at least 10 percent. Workers’ comp premiums are up an...
Commissioner Approves California W/C Rate Increase
Oct 30 2000 // On Oct. 20, Insurance Commissioner Harry Low took a much-needed first step to improve the dire state of California’s workers’ comp market. Low approved the Workers’ Compensation Insurance Rating Bureau of...
Calif. Commissioner Approves 10 Percent Workers’ Comp Rate Increase
Oct 24 2000 // On Oct. 20, Insurance Commissioner Harry Low took his first step to improve the dire state of California’s workers’ comp market. Low approved the Workers’ Compensation Insurance Rating Bureau of...
Allstate Profit Rises on Higher Premiums
Oct 23 2000 // Allstate Corp.’s third-quarter operating earnings rose 34 percent as increased premiums offset higher loss costs. The nation’s second-largest insurer said operating earnings, excluding a restructuring charge...
Commercial Auto Rates Up; Sector Ripe for Rapid Change
Oct 23 2000 // Someone up above has been listening. How else can one explain the hardening market that has been the subject of thousands of prayers. Both agents and E&S vendors, then, should be doubly excited about the commercial...
Reverse Soft Market Bad Habits
Sep 25 2000 // Without revealing your age, are you one of those who only faintly remembers the daily exercise regimen? At one time, did you count calories? fat grams? And now, you just count the number of pounds that you would like to...
Munich Re Posts 15 Percent Rise in 1st Half Premium
Sep 22 2000 // Munich Re’s 1st half results seem to indicate that maybe reinsurance rates are finally firming. The world’s largest reinsurer posted a 15 percent increase in gross premium revenues for the period to €15.2...
Commentary: Reverse Bad Habits Formed During the Soft Market
Sep 18 2000 // Without revealing your age, do you remember the hard market of the mid-’80s? Rest assured, we are a long way from returning to the marketplace of 15-plus years ago. However, the market has bottomed and is beginning...
WCIRB Proposes 10.1% Pure Premium Rate Increase
Sep 15 2000 // After completing its analysis of accident year experience valued as of June 30, 2000, the Workers’ Compensation Insurance Rating Bureau of California (WCIRB) announced it will amend its pure premium rate filing. The...
Michigan Basic HO Rates Up 4.1 Percent
Sep 13 2000 // The Michigan Office of Financial and Insurance Services announced that Michigan Basic Property Insurance Association homeowners premiums are increasing 4.1 percent, effective Oct. 1, 2000. “Consumers that are...
U.K. AUTO RATES ON THE RISE
Sep 4 2000 // Drivers in the U.K. face automobile insurance premium increases of 25 percent or more within the next 12 months, warned Mintel, a marketing research firm. The average premium in 1999 was £226 ($336). It’s expected...
ECB Rate Rise Fails To Lift Euro
Sep 1 2000 // In a widely anticipated move the European Central Bank (ECB) raised its basic interest rate a quarter point from 4.25 percent to 4.5 percent. The ECB indicated that fears of inflation, which has been running around 2.4...
Big Increases Expected in U.K. Auto Rates
Aug 24 2000 // Drivers in the U.K. face automobile insurance premium increases of 25 percent or more within the next 12 months warns Mintel, a marketing research firm. The average premium in 1999 was £226 ($336); it’s expected to...
