Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Northeast PIA Survey Shows Prices Rising, But at Slower Pace
Feb 24 2014 // In the first month of 2014, the PIA affiliates in Connecticut, New Hampshire, New Jersey and New York conducted their second-annual Market Trends Survey and found that the heralded hard market may not be launching as...
No Rate Hike Needed, Say Carolina Auto Insurers
Feb 24 2014 // North Carolina auto insurers say no rate increase is needed for auto insurance policies in the coming year. Insurance Commissioner Wayne Goodwin said the Department of Insurance has received the annual auto insurance rate...
Mass. AG Opposes 7.7% Workers’ Comp Rate Hike
Feb 24 2014 // At a recent public hearing, Massachusetts Attorney General Martha Coakley’s office expressed its opposition to the workers’ compensation average rate increase proposal and argued that the rate should be lowered...
Mass. AG Office Says 7.7% Workers’ Comp Rate Hike Unnecessary
Feb 11 2014 // At a recent public hearing, Massachusetts Attorney General Martha Coakley’s office expressed its opposition to the workers’ compensation average rate increase proposal and argued that the rate should be lowered...
Flood Insurance Premium Hikes from New Maps Could Be Delayed Until 2015
Feb 10 2014 // Some flood insurance premiums required under a 2012 law now won’t be raised until the fall of 2015 at the earliest. The Federal Emergency Management Agency (FEMA) said the $1 trillion bipartisan funding bill passed...
Allstate Sees No Need for Big Homeowners Rate Increases
Feb 6 2014 // Allstate Corp. aims to grow its share of the U.S. home and auto insurance markets without the need for “abnormally large” rate increases, its CEO said, after the company’s profit more than doubled in the...
Rate of School Shootings in U.S. Unchanged Amid Increased Security
Feb 3 2014 // There’s been no real reduction in the number of U.S. school shootings despite increased security put in place after the rampage at a Connecticut elementary school in December 2012 left 20 children and six educators...
Senate Begins Amending Bill to Halt Flood Insurance Rate Increases
Jan 30 2014 // The Senate has begun adopting amendments to the bill (S.1926) that seeks to delay flood insurance premium increases called for under the Biggert-Waters Flood Insurance Reform Act of 2012. The Senate bill would halt premium...
P/C Direct Premium Written Up 4.1% Through 3Q 2013
Jan 27 2014 // Direct premium written (DPW) for property/casualty insurance companies continues to increase. At year-end 2012, more than $523 billion of DPW was reported, an all time high for the industry. For 2012, total DPW for all P/C...
Massachusetts Schedules Hearing on 7.7% WC Rate Hike Request
Jan 27 2014 // The Massachusetts Division of Insurance is scheduled to hold a hearing on Jan. 30 to consider the request of the Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIB). WCRIB is requesting a...
Homeowners Rate Hike Proposed at Louisiana Citizens
Jan 27 2014 // East Baton Rouge Parish homeowners who buy coverage from Louisiana Citizens Property Insurance Corp. would see rates increase an average of 9.9 percent while wind-only policies would jump by 17.1 percent under a proposed...
Louisiana Citizens to File Homeowners Insurance Rate Hike
Jan 21 2014 // East Baton Rouge Parish homeowners who buy coverage from Louisiana Citizens Property Insurance Corp. would see rates increase an average of 9.9 percent while wind-only policies would jump by 17.1 percent under a proposed...
Hike in Auto Insurance Rates Expected in Illinois
Jan 9 2014 // Illinois drivers should get ready to pay more for insurance. Northbrook-based Allstate says in a regulatory filing that rates for customers will climb between 2.5 and 3.5 percent later this month. Esurance rates are rising...
Massachusetts Schedules Hearing on 7.7% Workers’ Comp Rate Hike Request
Jan 9 2014 // The Massachusetts Division of Insurance announced Tuesday a hearing will be held on Jan. 30 to consider the request of the Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIB). WCRIB is a...
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...
