Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
After Suggested Workers’ Comp Rate Hike California Employers Hope Reform Kicks In
Sep 13 2013 // The reaction from an employers’ group to a suggested hike in California’s advisory workers’ compensation rates of nearly 7 percent was – surprisingly – cautiously optimistic. The insurer and public...
Texas Windstorm Insurance Rates to Rise Again in January
Sep 12 2013 // The board of Texas insurer of last resort for wind and hail along the Texas coast voted at its August meeting to raise premium rates beginning in January 2014. The Texas Windstorm Insurance Association board of directors...
Oregon Looks At Beefing Up Health Insurance Premium Reviews
Sep 12 2013 // Oregon health officials are considering whether to use the state’s authority to approve or reject health insurance premiums as a tool to drive down health care costs. The idea is one of several suggestions for...
Florida Approves 6.3% Increase In Citizens Homeowners Rates
Sep 11 2013 // Florida homeowners who secure coverage through the state-backed property insurer will see their rates increase by a statewide average 6.3 percent based on a ruling by state regulators. Homeowners with multiperil policies...
Commercial Insurance Prices Continued Up in Q2: Towers Watson
Sep 10 2013 // Commercial insurance prices rose by six percent in aggregate during the second quarter of 2013, marking the 10th consecutive quarter of price increases, according to the latest Commercial Lines Insurance Pricing Survey...
Workers’ Comp Premiums Jump 8.1% in First Half of 2013
Sep 9 2013 // Demotech’s review of second quarter 2013 data, as recently reported by insurers to the National Association of Insurance Commissioners (NAIC), shows three straight years of growth in workers’ compensation...
Premium Increases Under Obamacare Not as High as Expected: Study
Sep 9 2013 // The federal Affordable Care Act will not lead to widespread premium increases in the individual health insurance market. That’s according to a new analysis of 10 states and the United States overall by RAND Corp.,...
Commercial Insurance Rate Hikes Continuing; Workers’ Comp Profit Ahead in 2014: Moody’s
Sep 9 2013 // Moody’s expects property/casualty commercial insurance rate hikes to continue for the balance of the year, making 2013 the third straight full year of rising rates for commercial lines carriers, according to a...
Florida’s Citizens Increasing Rates on Some Commercial Policies
Sep 6 2013 // Florida regulators have approved a first round of rate changes for the state-backed property insurer that include an 8.3 percent increase in condominium association multiperil policies. Citizens Property Insurance Corp....
Workers’ Comp Rate Hike Likely for California
Sep 5 2013 // A workers’ compensation rate hike looks to be in the works for California. The Workers’ Compensation Insurance Rating Bureau Actuarial Committee met Wednesday and reviewed the June 30 experience, which showed...
Driveway Software Launches Smartphone Platform for Usage-Based Insurance Market
Sep 5 2013 // San Francisco-based , a provider of smartphone-based telematics products for the usage-based insurance market, has introduced its SmartUBI Platform, a complete insurance telematics platform which includes a smartphone...
Premium Increases Under Obamacare Are Exaggerated, Rand Says
Aug 30 2013 // Predictions of sharp increases in health-insurance premiums for people getting coverage under the U.S. Affordable Care Act have been overstated and many states will see little to no change, researchers at Rand Corp....
Moody’s Expects Commercial P/C Rates to Continue Rising in 2013
Aug 27 2013 // Moody’s said it expects U.S. property/casualty (P/C) insurance rates to continue to rise during the remainder of 2013 for the major commercial lines, following significant rate increases for 2012. This increase would...
China’s PICC Group’s Profit Rises as Premiums, Investment Income Climb
Aug 26 2013 // People’s Insurance Company (Group) of China Ltd., parent of the nation’s biggest non-life insurer, said profit rose 53 percent in the first half as investment and premiums income expanded. Net income increased...
Mississippi Officials Seek Ways to Stem Flood Insurance Rate Hikes
Aug 23 2013 // Calling pending flood insurance increases “drastic and draconian,” U.S. Rep. Steven Palazzo of Gulfport met Wednesday with state and local leaders to discuss ways to stem the tide of rising insurance rates that...
Employer Health Premiums Slow for Second Year: Kaiser
Aug 22 2013 // Health-insurance premiums to cover working Americans rose 4 percent this year, less than the previous two years in another sign that the cost of employee benefits for U.S. companies may be slowing. Annual premiums for a...
Florida’s Citizens Makes Case for Homeowners, Sinkhole Rate Increases
Aug 21 2013 // Florida’s state-backed property insurer is seeking a statewide average 6.6 percent increase in homeowners’ rates and a 24.8 percent increase in sinkhole rates while citing reduced losses and an improved...
Illinois Workers’ Comp Insurance Rate Down 4.5 Percent
Aug 21 2013 // The rate used to calculate workers’ compensation insurance premiums has dropped again, a direct result of reforms Gov. Pat Quinn signed into law in 2011, his aides said. The National Council on Compensation...
P/C Direct Premium Written Up Nearly 4.8%
Aug 19 2013 // Direct premium written (DPW) for property/casualty insurance companies continued its upward trend during the first quarter of 2013. At year-end 2012, the industry reported more than $523 billion of DPW — an all-time...
Commercial Rate Increases Slowed in July: MarketScout
Aug 19 2013 // After four months of going up at 5 percent, commercial property/casualty insurance rates have moderated. The July 2013 rate increase was plus 4 percent, according to MarketScout’s market index. Rate increases for...
