Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Rate Hikes Lead to Less Insurance Coverage for Louisiana Parish Schools
Sep 24 2012 // The Livingston Parish School Board will cut the district’s property insurance coverage in half to keep from paying an additional $224,000 in annual premiums. The Advocate reports the board voted unanimously to lower...
Travelers CEO Fishman: Rate Hikes Continuing
Sep 24 2012 // Insurance rates continued to rise in the third quarter for both businesses and individual customers, extending the pricing power that developed late last year, insurer Travelers Cos. Inc. said this month. In a slide...
State Farm Lloyds Files Homeowners Rate Increase in Texas
Sep 13 2012 // State Farm Lloyds says it intends to increase homeowners rates in Texas by an average 20 percent. The company announced it has submitted a rate filing to the Texas Department of Insurance. The actual premium change for any...
Travelers’ CEO Fishman: Rate Increases Continuing
Sep 11 2012 // Insurance rates continued to rise in the third quarter for both businesses and individual customers, extending the pricing power that developed late last year, insurer Travelers Cos. Inc. said on Tuesday. In a slide...
Commercial Lines Pricing Jumps 6% in Q2: Towers Watson
Sep 10 2012 // Commercial insurance prices experienced the largest rise in eight years, a new industry survey reveals. In aggregate, commercial lines pricing jumped by 6 percent during the second quarter of 2012, the sixth consecutive...
Massachusetts Rejects 18.8% WC Rate Hike Proposal
Sep 10 2012 // Massachusetts Division of Insurance announced on Aug. 30 that it has rejected a request to raise the state’s workers’ compensation rates by 18.8 percent. Massachusetts regulators’ decision to strike down...
Top 25 Workers’ Compensation Insurers Grow Premium 29.8% Based on June 30, 2012 Results Versus June 30, 2011
Sep 10 2012 // Demotech’s review of second quarter 2012 data, as reported by insurers to the National Association of Insurance Commissioners, shows that industry workers’ compensation direct written premiums continued to...
Florida Workers’ Compensation Writers Seek Rate Hike Again
Sep 10 2012 // Florida workers’ compensation insurers are seeking a statewide average 6.1 percent rate hike. If approved, the filing by the National Council on Compensation Insurance (NCCI) would mark the third consecutive...
WCIRB May Reduce Rate Increase to 11.6%
Sep 6 2012 // Committees for the Workers’ Compensation Rating Bureau looking at data based on the savings promised by a bill to reform the state’s workers comp system may be recommending an adjustment to WCIRB’s...
Personal Lines Rates Inch Up in August: MarketScout
Sep 5 2012 // Rates for personal lines insurance rose 3 percent in August 2012 compared to rates in August 2011, reported the national property/casualty insurance exchange MarketScout. “Homeowners rates increased by 3 percent on...
Massachusetts Strikes Down 18.8% Workers’ Comp Rate Hike Proposal
Aug 31 2012 // Massachusetts Division of Insurance announced Thursday that it has rejected a request to raise the state’s workers’ compensation rates by 18.8 percent. Massachusetts regulators’ decision to strike down...
Insurers Seek 6.1% Increase in Florida Workers’ Compensation Rates
Aug 24 2012 // Florida employers may see their workers’ compensation rates increase as the National Council on Compensation Insurance announced it is seeking a statewide average 6.1 percent rate hike on behalf of insurers. If...
Reforms May Save Florida Drivers Up to 24.6% on PIP Premium: Report
Aug 24 2012 // Florida’s new no-fault auto insurance law could result in savings of 14 percent up to as much as 24.6 percent for drivers’ on their personal injury protection premiums, although it remains to be seen whether...
Hard Market Generates New E&O Challenges for Insurance Agents
Aug 22 2012 // The soft market has made the job of insurance agents very difficult the last few years. Competition has been extremely fierce, and premiums so low that agents have had to fight for business and write more accounts just to...
West Virginia Workers’ Comp Rates Going Down 9%
Aug 20 2012 // West Virginia employers’ rates for workers’ compensation are heading down again after regulators approved a statewide average 9.1 percent decrease in loss cost rates. Insurance Commissioner Michael D. Riley...
Plaintiff Attorneys: The Hard-Market Saviors
Aug 20 2012 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 20, 2012. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Price Tag For Fighting Utah Wildfires Up To $50M
Aug 16 2012 // State officials say it’s cost $50 million to fight wildfires in Utah this season, and that number is expected to keep climbing. Department of Natural Resources chief Michael Styler told lawmakers Tuesday that more...
Florida Regulators Question Castle Key Rate Increases
Aug 14 2012 // Florida regulators are questioning the increases sought by two property insurers that could raise rates on some homeowners by more than 40 percent, even as they reduce their number of policies. Castle Key Insurance Co., is...
Kansas Increases Scrutiny of Some Health Insurance Rates
Aug 1 2012 // Kansas insurance regulators are complying with part of the federal health insurance reform law that requires more scrutiny of health insurance rate increases above 10 percent at a time when Gov. Sam Brownback’s...
Citizens Says No to Higher Rates on New Business; Approves 8.9 Percent Rate Hike
Jul 31 2012 // Officials of Florida’s state policyholders-backed insurer turned away from several controversial plans that would have raised rates on new policies above current policyholder rates and implemented a cap on water...
