Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Travelers Q1 Profit Up 11% to $896M; CEO Says ‘We Will Keep Going’ on Rate Hikes
Apr 24 2013 // The Travelers Companies Inc. on Tuesday reported $896 million net income for its 2013 first quarter, an increase of 11 percent compared to $806 million income reported during the first quarter of 2012. Travelers said the...
Oklahoma Flood Insurance Rate Increases in October
Apr 22 2013 // The Oklahoma Department of Insurance says flood insurance administered by the National Flood Insurance Program is set to increase rates for new and renewal policies effective Oct. 1. Flood insurance is offered to...
Rates Should Rise Moderately for Most Commercial Lines
Apr 22 2013 // Commercial insurance buyers in all product lines should see rates rise moderately through the remainder of 2013, although commercial property rates for non-catastrophe exposed risks and some specialty lines may see slight...
Commercial Rates Continued Up in March, Even for Large Accounts: MarketScout
Apr 22 2013 // Commercial insurance rates were up about 5 percent in March, according to the latest barometer from MarketScout and the National Alliance for Insurance Education and Research. Manufacturing continues to post the largest...
10-Point Checklist for DO Renewals in a Hard Market
Apr 22 2013 // No one, least of all the insured, likes a price increase. But with the D&O market firming across the board – as confirmed by the Towers Watson “2012 Directors and Officers Liability Survey” released in...
Senate Bill Would Require Approval of Large Louisiana Citizens Rate Hikes
Apr 18 2013 // Large rate hikes for customers of Louisiana’s property insurer of last resort would require legislative approval, under a bill that received Senate Insurance Committee backing. St. Mary Parish Sen. Bret Allain...
Willis Energy Report: ‘Hardening’ of ‘Downstream’ Market; ‘Upstream Positive’
Apr 16 2013 // Recent natural catastrophe losses, including last year’s Hurricane Sandy, have prompted “a mild hardening in the Downstream Energy insurance market, so much so that some Downstream insurers may be on the cusp...
Pricing Hikes, Improved Underwriting Bode Well for P/C Industry: Conning
Apr 12 2013 // With 2012 preliminary results showing improvement in profitability in the sector, the property/casualty insurance industry should see continued strong net premium growth and a substantially improved combined ratio for...
Commercial Rates Continued Up in March, Even for Large Accounts: MarketScout
Apr 5 2013 // Commercial insurance rates were up about five percent in March, according to the latest barometer from MarketScout and the National Alliance for Insurance Education and Research. Manufacturing continues to post the largest...
Flood Insurance Policyholders Told to Expect Big Premium Hikes
Mar 28 2013 // The head of the Federal Emergency Management Agency said people who buy federal flood insurance need to plan for big rate hikes. FEMA director Craig Fugate said some people now paying hundreds of dollars a year could wind...
Obamacare to Hike Some, Lower Other Individual Health Premiums: Sebelius
Mar 27 2013 // President Barack Obama’s top healthcare adviser acknowledged on Tuesday that costs could rise in the individual health insurance market, particularly for men and younger people, because of the landmark 2010...
North Carolina Approves 7% Home Insurance Rate Increase
Mar 25 2013 // North Carolina is allowing companies to raise homeowners’ insurance rates by a statewide average of seven percent a year starting in July. Insurance Commissioner Wayne Goodwin agreed to the increase for less than the...
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...
