Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Legislators Propose Spreading Out NFIP Rate Hike
Mar 25 2013 // A group of U.S. representatives from New York proposed a bill that would stretch out the National Flood Insurance Program’s premium increase timeline. On March 11, U.S. Reps. Michael Grimm (R-N.Y.), Gregory Meeks...
Survey: Rate Increases Ahead for Architects, Engineers Despite Stable Market
Mar 19 2013 // For the second consecutive year, the insurance market for architects and engineers professional liability insurance continued its firming trend as a number of leading insurance companies providing this specialized coverage...
Capital Growth Outpaced P/C Premiums In 2012: Moody’s
Mar 13 2013 // Moody’s Investor’s Service reported that the property/casualty insurance industry’s capital growth outpaced premium growth last year, and that earnings for the year jumped nearly 50 percent over...
Legislators Propose Stretching Out NFIP Rate Hike Timeline to Assist Sandy Victims
Mar 12 2013 // A group of U.S. representatives from New York is proposing a bill that would stretch out the National Flood Insurance Program’s premium increase timeline. On Monday, U.S. Reps. Michael G. Grimm (R-N.Y.), Gregory...
Gallup: Texas Uninsured Rate Rises, Sets Record
Mar 11 2013 // A new Gallup poll reports that Texas has the highest percentage of people ever recorded without health insurance at 28.8 percent. The poll released comes one year after the U.S. Census Bureau reported 24.4 percent of...
Commercial Insurance Prices Up 7% in Q4 2012: Towers Watson
Mar 11 2013 // Commercial insurance prices rose by almost seven percent in aggregate during the fourth quarter of 2012, marking the eighth consecutive quarter of price increases and the fourth showing increases across every line...
North Carolina Approves 7% Home Insurance Rate Increase
Mar 7 2013 // North Carolina’s top state insurance regulator has signed an agreement allowing companies to raise homeowner’s insurance policies by a statewide average of 7 percent a year starting in July. Insurance...
U.S. Commercial Lines Rates Up 4% in February: MarketScout
Mar 6 2013 // Commercial lines property/casualty insurance rates rose 4 percent on average in February 2013 compared February 2012, a recent survey revealed. The U.S. commercial insurance rate index, published by MarketScout, shows...
California Insurance Commissioner, Mercury Tangle Over Rate Reduction
Mar 5 2013 // California Insurance Commissioner Dave Jones issued a decision providing for an 8.18 percent rate reduction in homeowners insurance by Mercury Casualty Co., and then slammed the carrier for filing suit challenging the...
California Commissioner: $160M in Homeowner’s Rate Reductions
Feb 25 2013 // An average of a 12.6 percent insurance rate reduction is in store for California homeowners insured with State Farm General Insurance Co., according to an announcement from California Insurance Commissioner Dave Jones...
Swiss Re Posts $4.2 Billion 2012 Net Income; Premiums & Fees up 15%
Feb 21 2013 // Swiss Re reported strong 2012 results with net income for the year of $4.2 billion for full-year 2012, compared to $2.6 billion in 2011. The report said the “result was driven by strong premium and fee income growth...
RSA Posts $1.047 Billion 2012 Operating Profit; 5% Premium Growth
Feb 20 2013 // The UK’s RSA posted a solid operating profit of £684 million [$1.047 billion], compared to £727 million [$1.113 billion in 2011; while registering a five percent increase in net written premiums to £8.353 billion...
California Commissioner: $160M in Homeowner’s Rate Reductions
Feb 7 2013 // An average of a 12.6 percent insurance rate reductions is in store for California homeowners insured with State Farm General Insurance Co., according to an announcement from California Insurance Commissioner Dave Jones on...
$1.2 Billion in Sandy Losses Paid, Allstate Pursuing Rate Hikes
Feb 7 2013 // Allstate Corp.’s quarterly profit fell 45 percent on losses from superstorm Sandy, but the home and auto insurer said it has paid out about 95 percent of Sandy claims and is seeing rate increases across...
MAPFRE Posts 10.1% Rise in 2012 Premiums to $29.28 Billion
Feb 7 2013 // Spain’s MAPFRE Group reported a 10.1 percent increase in premiums in 2012 to €21.5798 billion [$29.2838 billion], with its international business contributing over 60 percent of premiums and results from...
California Department of Insurance: $20M Rate Reduction for Homeowners
Jan 31 2013 // Insurance Commissioner Dave Jones on Thursday announced today a 35 percent rate reduction for lender-placed homeowner’s insurance coverage offered by QBE Insurance Corp. The rate reduction will result in an estimated...
Florida Senate Democrats to Oppose Property Insurance Rate Hikes
Jan 31 2013 // With Florida lawmakers expected to consider formal changes to the state’s property insurance market next week, state Democrats are signaling that they will likely oppose any measure that results in higher...
State Farm Homeownes Rate Increase Denied in Louisiana
Jan 28 2013 // Louisiana Insurance Commissioner Jim Donelon has declined to approve a recent homeowners rate request filed by State Farm Fire and Casualty Co. (State Farm). State Farm submitted the request for the +16.6 percent rate...
Travelers Insurance Finds Customers Stay Despite Rising Prices
Jan 23 2013 // Travelers Cos. Inc.’s quarterly profit handily beat Wall Street expectations as it charged more for insurance coverage while holding on to its customers, sending its shares up as much as 5 percent to an all-time...
Rising Premiums Do Not Curtail Insurance Spending: Survey
Jan 14 2013 // More than a third of Americans spent more on insurance during the past year, according to a new survey. Some 37 percent of people responding to the survey spent more on insurance over the past year while only 7 percent...
