Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
Louisiana Citizens Insurance Proposes 7.7% Rate Hike
Jan 14 2013 // Louisiana’s property insurer of last resort has proposed raising homeowner’s rates an average of 7.7 percent statewide this year. The Advocate reports the Louisiana Citizens Property Insurance Corp.’s...
P/C Direct Premium Written Up 4% Through Third Quarter 2012
Jan 14 2013 // The direct premium growth for property/casualty insurance companies continues to be encouraging. Overall, P/C insurance companies continued to serve their clients during catastrophic events, difficult economic conditions...
Del. N.J., Conn. Approve Workers’ Comp Rate Hikes
Jan 14 2013 // Delaware Insurance Commissioner Karen Weldin Stewart announced on Jan. 4 the approval of an amended filing submitted by the Delaware Compensation Rating Bureau Inc. (DCRB) which proposed an overall average increase of 14.6...
What To Expect: Premium Growth
Jan 11 2013 // Putting together views on the economy and pricing momentum, analysts who supplied premium growth forecasts for 2013, put them in the 3-5 percent range. Conning: Supporting a 4.6 percent forecast for net premium growth,...
California Insurance Chief Criticizes Anthem Rate Hike
Jan 10 2013 // California Insurance Commissioner Dave Jones called Anthem Blue Cross’ proposed rate hike for some of its small-group members is unreasonable, but the insurer says the increase reflects the rising cost of health...
Willis Re Sees No Rate Increases for Jan. 1 Renewals despite Sandy Impact
Dec 31 2012 // Willis Re’s Jan. 1 renewal report points out that 2012 natural catastrophe losses are estimated to be “50 percent less than last year’s losses of $120 billion.” As a result the report concludes that...
Most Commercial Insurance Buyers Accept Coverage Changes, Price Hikes: Survey
Dec 28 2012 // The vast majority of commercial insurance buyers renewing their policies appear willing to accept coverage adjustments, moderate price increases, or both, according to a new survey. Still, the survey of risk managers and...
Texas Windstorm Insurer: Rates to Increase Jan. 1
Dec 26 2012 // Texas’ property insurer of last resort in coastal counties has issued a reminder to agents that while the maximum limits of liability for residential and commercial properties will remain the same in 2013 as they...
