Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Massachusetts Bill Aims to Open Up Home Rate Filings for Discussion
Feb 16 2016 // The Massachusetts Senate recently passed a legislative amendment that would open up home insurers’ rate filings for public discussion. The amendment was proposed by Massachusetts State Senator Mike Barrett,...
Insurance Agency Growth, Profits Slipped in 2015 on Oil Bust, Soft Market: Reagan
Feb 9 2016 // Insurance agency and brokerage organic revenue growth slowed to 4.6 percent for 2015, according to the latest Reagan Consulting Organic Growth and Profitability (OGP) survey. That was down from the organic growth of 6.2...
P/C Commercial Rates Fell 4% in January
Feb 5 2016 // Rates for commercial property/casualty insurance fell four percent in the first month of the new year, continuing a downward trend that is unlikely to halt anytime soon, according to Richard Kerr, CEO of...
Louisiana Citizens Plans Rate Reductions, Increases
Jan 25 2016 // Almost all of the Orleans Parish homeowners who buy coverage from the state insurer of last resort could see their rates drop 6.3 percent if the Louisiana Insurance Department approves proposed rate reductions. The...
Massachusetts Homeowners Express Concern Over Rising Rates
Jan 11 2016 // The Massachusetts Division of Insurance recently published on its website written public comments that were received in conjunction with the Division’s informational hearings on the Massachusetts home insurance...
N.J. Insurance Underwriting Association to Implement Rate Increase
Jan 6 2016 // The New Jersey Insurance Underwriting Association (NJIUA), the state’s residual property insurance plan, said it has received approval from the Department of Banking and Insurance to implement an overall rate...
Mass. Workers’ Compensation Rating & Inspection Bureau Proposes Rate Hike
Dec 28 2015 // The Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIBMA) has submitted a rate filing to the Division of Insurance on behalf of its members. The Dec. 23 filing recommends a 6.4 percent...
Workers’ Comp Rates in Washington to Increase 2% In 2016
Dec 21 2015 // The average base rate Washington businesses pay for workers’ compensation insurance will increase by 2 percent in 2016, the state Department of Labor & Industries announced. L&I uses wage inflation as a...
Massachusetts AG Faults Insurers’ Rate Hikes
Dec 21 2015 // Massachusetts Attorney General Maura Healey says two of the state’s largest homeowners’ insurance companies won excessive and unwarranted rate increases of about 9 percent by taking advantage of last...
Growth in Cyber Insurance Sustainable if Underwriting, Pricing Are Right
Dec 7 2015 // Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from the line. But one...
Florida Issues Final Order for NCCI to Decrease Workers’ Comp Rates by 4.7%
Dec 7 2015 // The Florida Office of Insurance Regulation (OIR) has approved an overall decrease of 4.7 percent in workers’ compensation insurance rates in Florida. Following the disapproval of its original rate filing request, the...
Mass. AG Argues Mapfre, Safety Won Excessive Home Insurance Rate Hikes
Dec 3 2015 // Massachusetts Attorney General Maura Healey says two of the state’s largest homeowners’ insurance companies won excessive and unwarranted rate increases of about 9 percent by taking advantage of last...
Cyber Insurance Rates Up, Unlike Other Commercial Rates
Dec 3 2015 // Cyber insurance stood out in the third quarter as the only line for which insurers saw consistent and large rate increases, which averaged more than 15 percent in the United States, according to the latest analysis from...
Workers’ Comp Rates in Washington to Increase 2% In 2016
Dec 2 2015 // The average base rate Washington businesses pay for workers’ compensation insurance will increase by 2 percent in 2016, the state Department of Labor & Industries announced. L&I uses wage inflation as a...
Allianz Aims to Increase Premiums by $6.9 Billion Annually
Nov 24 2015 // Allianz SE, Europe’s largest insurer, aims to generate an additional 6.5 billion euros ($6.9 billion) in annual premiums as the company focuses on its most profitable businesses. Allianz wants to achieve annual...
P/C Direct Premium Written Up Nearly 4.7 Percent
Nov 16 2015 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2014, more than $570 billion of DPW was reported, a record high for the industry. For 2014, total...
Commercial Insurance Rates, Except Auto and Flood, Still Falling
Nov 16 2015 // Commercial property/casualty insurance prices continued to decline moderately – an average of 3.1 percent – during the third quarter, according to a survey by The Council of Insurance Agents & Brokers. The...
Mercury in California Says Net Premiums Rose, Net Income Fell in 3Q
Nov 16 2015 // Mercury General Corp. at the start of November reported net written premiums rose 8 percent for the third quarter from a year ago. The board of directors for the Los Angeles, Calif.-based carrier also declared a quarterly...
Florida Issues Final Order for NCCI to Decrease Workers’ Comp Rates by 4.7%
Nov 13 2015 // The Florida Office of Insurance Regulation (OIR) has approved an overall decrease of 4.7 percent in workers’ compensation insurance rates in Florida. Following the disapproval of its original rate filing request, the...
U.S. Health Care Cost Increases at Lowest Rate in Nearly 20 years: Aon
Nov 12 2015 // After plan design changes and vendor negotiations, the average health care rate increase for mid-size and large companies was 3.2 percent in 2015, marking the lowest rate increase since 1996, according to a new analysis by...
