Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
Increasing Retentions: The Hidden Premium Increase
Nov 4 2013 // Is the market hardening? A Google search shows that most experts think it is, and it is nearly impossible to find a professional journal without an article discussing the topic. The premium increases that are being...
Bipartisan Deal Reached to Delay Flood Insurance Premium Hikes: Waters
Oct 28 2013 // Key House and Senate members have reached a bipartisan deal to delay changes to the federal flood insurance program that are raising premiums for many homeowners. The bill would require regulators to address affordability...
P&I Club Steamship Mutual Plans Rate Hikes
Oct 28 2013 // Following a Board of Directors meeting, London-based Steamship Mutual announced that it has “reviewed the Club’s open policy years, as well as claims in earlier years, and considered the premium ratings...
Louisiana Lawmakers Urged to Act on Flood Insurance Rate Hikes
Oct 24 2013 // Louisiana lawmakers are being urged to reach out to their colleagues in other states, to draw more attention to dramatic rate increases in flood insurance costs around the nation. Don Cravins, chief of staff for U.S. Sen....
Flood Insurance Price Increases Affecting Home Sales
Oct 24 2013 // Rangel Dockery and her husband bought a waterfront house in Florida four months ago, assuming their $2,000-a-year flood-insurance premium would remain about the same. After reading recently about a change in the federal...
Florida Regulators Disapprove NCCI’s 1% WC Rate Increase Proposal
Oct 23 2013 // Florida Insurance Commissioner Kevin McCarty today issued an order notifying the National Council on Compensation Insurance (NCCI) that its 1-percent proposed annual rate filing increase in Florida’s workers’...
Europe a Reinsurance Buyer’s Market Says Willis Re; Rates Down 5-10%
Oct 22 2013 // In a report from Baden-Baden, Willis Re, the reinsurance arm of Willis Group Holdings plc, notes that “increased capacity, competition and changing market dynamics have created a buyer’s market for European...
W.R. Berkley Q3 Profit Rises 36% to $137M; Rates on Renewed Policies Up 6.4%
Oct 22 2013 // W.R. Berkley Corp. reported $136.97 million net income for its 2013 third quarter, up 36 percent from $100.95 million income posted during the same period in 2012. For the first nine months of this year, net income came in...
Aon Benfield 1st Half 2013 Lloyd’s Report: Premiums up; Profits Down
Oct 17 2013 // Aon Benfield’s Analytics’ Market Analysis team has updated its report on Lloyd’s to reflect the latest financial figures for the first half of 2013 and business position going into 2014. Key figures in...
With Rate Hikes Looming, Florida Weighs Private Flood Insurance Options
Oct 11 2013 // With thousands of Florida homeowners facing significant increases in their federal flood insurance premiums, state lawmakers are considering ways to open up the market to private insurers. Industry experts, however, say...
D&O Liability Insurance Rates Fell in Q2: Marsh
Oct 10 2013 // U.S. publicly-traded clients paid 4.9 percent more on average for their primary directors and officers liability (D&O) coverage in the second quarter, according to global broker Marsh. However, Marsh said, when...
