Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Louisiana Worker’ Comp Rates Are Down, but Costs per Claim Growing
May 15 2017 // Workers’ compensation rates decreased statewide in Louisiana on May 1 by 9.8 percent, marking the fourth year in a row rates have dropped in that state, according to insurance regulators. In January, the Louisiana...
Most Commercial Insurance Premiums Up in April: IVANS Index
May 3 2017 // Most standard commercial lines products saw an uptick in premiums at renewal in April, with workers’ compensation being the main exception, according to the IVANS Index. Business owners and commercial property...
California Wants Insurers to Double up on Rate Filings
May 1 2017 // Health insurers seeking regulatory approval for 2018 individual insurance plans can file two sets of premium rates as a way to deal with market uncertainty created by Republicans’ promise to repeal and replace...
Report Shows California Workers’ Comp Written Premium up in 2016
May 1 2017 // California’s Workers’ Compensation Insurance Rating Bureau has completed its report on statewide workers’ comp insurer loss and premium experience through Dec. 31, 2016. The major findings of the WCIRB...
MetLife CEO Says Businesses Must Give Up Tax Breaks for Lower Tax Rate
Apr 28 2017 // MetLife Inc. Chief Executive Officer Steve Kandarian said industries must be willing to forfeit some of their advantages in the tax code in order for the U.S. to seize a “once-in-a-generation” opportunity to...
Report Shows California Workers’ Comp Written Premium up in 2016
Apr 17 2017 // California’s Workers’ Compensation Insurance Rating Bureau has completed its report on statewide workers’ comp insurer loss and premium experience through Dec. 31, 2016. The major findings of the WCIRB...
Insurance Rates for Architects, Engineers Stabilize or Decline in 2016: Survey
Apr 17 2017 // Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest rate decreases, according to a...
Top 25: P/C Direct Premium Written Up 4 Percent in 2016
Apr 17 2017 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2015, more than $582 billion of DPW was reported. For 2016, total DPW for all P/C insurers...
North Carolina Regulator Calls 13.8% Auto Rate Hike Unwarranted
Apr 17 2017 // The North Carolina Rate Bureau’s request for an auto rate hike of 13.8 percent is not justified based on the data submitted, according to a statement from the North Carolina Department of Insurance. The decision,...
UK Car Premiums Rise by 16% to $949 with More Pain Ahead: Willis Towers Watson, Confused.com
Apr 11 2017 // U.K. car insurance premiums rose 1.8 percent in the first quarter of 2017, with motorists now paying an average of £781 ($949), which is £110 ($134), or 16 percent, higher than average premiums paid in the same period...
Insurance Rates for Architects, Engineers Stabilize or Decline in 2016: Survey
Apr 7 2017 // Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest decreases in rates. That’s...
IVANS Index: Commercial Rates Up in Q1 Except Workers’ Compensation
Apr 6 2017 // Insurance premium renewal rate change for the majority of standard commercial lines products including auto, business owners, general liability, property and umbrella remained in positive territory for the first quarter....
Commercial Lines Prices Inch Up After Being Down for Long Time: MarketScout
Apr 5 2017 // For the first time in 20 months, the MarketScout composite rate index for commercial accounts in the United States measured a rate increase at plus 1 percent in the first quarter. Rates for business interruption, general...
Personal Auto Rate Hikes Not Keeping Up with Losses: Fitch
Mar 30 2017 // U.S. personal auto underwriters increased premium rates “significantly” in 2016. But here’s the thing: it wasn’t enough. Loss trends are still outpacing rate changes. Also, the U.S. P/C industry...
North Carolina Regulator Calls 13.8% Auto Rate Hike Unwarranted
Mar 27 2017 // The North Carolina Rate Bureau’s request for an auto rate hike of 13.8 percent is not justified based on the data submitted, according to a statement from the North Carolina Department of Insurance. The decision,...
Technology Being Blamed for Driving Up Massachusetts Car Insurance Rates
Mar 22 2017 // Auto insurance rates in Massachusetts are on the rise and technology is to blame. Industry experts tell The Boston Globe that drivers distracted by smartphones are crashing more often and those cars are now more expensive...
Half of Global Insurance Premium Growth Tied to China: Allianz Research
Mar 21 2017 // Allianz Research projections show that total global premium income rose to a new record high of 3,650 billion euros ($3.9224 billion U.S. dollars) last year (excluding health insurance). In a year-on-year comparison, the...
Federal Flood Insurance Rates Expected to Rise in Houston Area
Mar 20 2017 // The cost of federal flood insurance is expected to rise for thousands of Houston-area homeowners as Congress looks to overhaul a program that’s billions of dollars in debt. The National Flood Insurance Program...
California Gas Prices Could Rise Following Local Refinery Blast
Feb 21 2017 // An explosion and fire at an oil refinery in Torrance, Calif. over the weekend forced the partial shutdown of the plant, leading oil traders to expect a spike this week in West Coast gasoline prices. Police and the plant...
North Carolina Regulators Consider 13.8% Auto Rate Increase Request
Feb 20 2017 // The North Carolina Rate Bureau (NCRB) has requested an average increase of 13.8 percent on private passenger automobile insurance rates in its latest filing with the North Carolina Department of Insurance (NCDOI). NCRB...
