Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
North Carolina Regulator ‘Appalled’ at Home Insurers’ Request for 25% Rate Hike
Jan 5 2014 // North Carolina Insurance Commissioner Wayne Goodwin has called upon insurers in his state to withdraw a request for a 25.3 percent rate hike for homeowners insurance, saying he is “appalled” they would seek a...
N.J. Sen. Menendez Calls on Congress to Delay Flood Insurance Rate Hikes
Jan 3 2014 // U.S. Senator Robert Menendez (D-N.J.) on Thursday joined residents and local officials in Brick, N.J., to call on Congress to pass the Homeowner’s Flood Insurance Affordability Act. The bipartisan, bicameral bill,...
Swiss Re Shares Drop as Reinsurance Renewal Prices Fall: Zurich Mover
Jan 3 2014 // Swiss Re Ltd., the world’s second – biggest reinsurer, fell the most in six months in Zurich trading after Willis Re said reinsurance prices slid by as much as 25 percent in the Jan. 1 renewals round. Swiss Re...
Capital Capacity Softens January Renewal Rates up to 25%: Willis Re Report
Jan 2 2014 // According to Willis Re’s January 2014 Reinsurance Renewals Report, “a heady cocktail of converging factors has fuelled a soft buyers’ market in nearly all lines of business at the 1 January 2014...
Commissioner: Louisiana Workers’ Comp Insurance Rates to Decrease
Dec 31 2013 // Louisiana Commissioner of Insurance Jim Donelon announced that rates for workers’ compensation insurance will decrease in Louisiana effective May 1, 2014. Commissioner Donelon recently approved a 5.1 percent decrease...
Reinsurance Rates Down by 11% for January Renewals: Guy Carpenter Survey
Dec 30 2013 // Guy Carpenter & Co. has reported that reinsurance rates-on-line fell at the January 1, 2014 renewal in nearly all classes and regions. The reinsurance broker’s global renewal report pointed to “strong...
Buyers Benefit from Soft Market in Airline Renewal Season: Willis Report
Dec 23 2013 // According to the Q4 Issue of Airline Insight, from Willis Group Holdings, “unprecedented levels of competition, growth in exposures and low loss levels are driving premium reductions for insurance buyers during the...
Rate Hikes in California Workers’ Comp: SNL Financial
Dec 18 2013 // AmTrust Financial Services Inc. hiked rates by 15 percent on its California workers’ compensation business in 2013, and it is not alone. SNL data shows multiple companies took rate during the first half of 2013. The...
Health Care D&O Rates Rise Over Obamacare Antitrust Concerns: Marsh
Dec 16 2013 // Health care organizations paid significantly more for their directors and officers liability insurance in the third quarter of 2013 amid growing concerns over antitrust issues arising from implementation of the Affordable...
Commercial Lines Price Gains Slowing Down
Dec 12 2013 // Price gains are slowing down after commercial insurance prices increased for the 11th straight quarter, rising by 5 percent in aggregate during third-quarter 2013, according to Towers Watson. The professional services...
Commercial Lines Price Gains Slowing Down: Towers Watson
Dec 10 2013 // Even though commercial insurance prices increased for the 11th straight quarter—rising by 5 percent in aggregate during third-quarter 2013—price gains are slowing down, according to Towers Watson. According to The...
Some Flood Insurance Rates to Rise in Kansas’ Douglas County
Dec 6 2013 // Some property owners in Douglas County, Kansas, could soon pay more for federal insurance. The federal government’s decision to phase out subsidized insurance in special flood hazard areas will increase costs for 168...
N.J. Regulator Approves 3.6% Average Workers’ Comp Rate Increase in 2014
Dec 3 2013 // New Jersey’s Compensation Rating And Inspection Bureau recently announced the state insurance commissioner’s approval for the workers’ compensation average rate increase for next year. New Jersey Banking...
Bills to Delay Flood Insurance Rate Hikes Stalled
Dec 2 2013 // Efforts to delay implementation of changes in the federal flood insurance program have run into roadblocks on both sides of Capitol Hill. The leaders of the House Financial Services Committee say they are standing behind...
California Insurers Group: Jones Was Correct on WC Pure Premium
Nov 26 2013 // California Insurance Commissioner Dave Jones was correct to recognize the increasing costs in the state’s workers compensation system when he made his pure premium advisory rate recommendation on Friday, says the...
Prospects Dim for Bills to Delay Flood Insurance Rate Hikes
Nov 21 2013 // Efforts to delay implementation of changes in the federal flood insurance program have run into roadblocks on both sides of Capitol Hill. The leaders of the House Financial Services Committee say they are standing behind...
FEMA Seeks Dismissal of Mississippi Suit to Block Flood Insurance Rate Hikes
Nov 20 2013 // The federal government is urging a federal court to dismiss a Mississippi lawsuit seeking to halt flood insurance rate hikes until an affordability study is completed. In arguing for the suit dismissal, the Federal...
Looming Flood Insurance Rate Hikes Worry Galveston
Nov 5 2013 // Residents, business owners and officials in Galveston, Texas, are worried about the prospect of flood insurance premiums spiking due to recent changes in federal law. Legislation passed last year to eliminate the National...
Florida Approves NCCI’s Revised Filing for 0.7% Workers’ Comp Rate Increase
Nov 5 2013 // Florida’s Office of Insurance Regulation recently issued a final order approving the rate increase of 0.7 percent for workers’ compensation rates in Florida. The approval was issued after the National Council...
About Those ‘Huge’ Flood Insurance Rate Increases
Nov 4 2013 // Recent news reports on the roll-out of reforms to the National Flood Insurance Program have focused on astronomical increases in rates faced by some home and business owners. This language from an ABC News report has been...
