Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
AIG Shares Fall Below Government Breakeven Price
May 17 2012 // Shares in bailed-out insurer American International Group dipped below the government’s breakeven price on its 61 percent stake in the company, just days after the U.S. Treasury completed another offering of its...
Massachusetts Drivers See Insurance Rates Rise
May 16 2012 // Massachusetts drivers are starting to see higher auto insurance rates, four years after they tumbled when the state opened the market to more competition. Many of the state’s largest auto insurers have raised rates...
Louisiana-Based Amerisafe Sees Premium Growth in Q1 2012
May 11 2012 // Amerisafe Inc., a specialty provider of hazardous workers’ compensation insurance headquartered in DeRidder, La., saw a 19 percent growth in premium written during the first quarter ended March 31, 2012, compared...
Mass. Regulators Reject FAIR Plan’s Rate Hike Request
May 11 2012 // Massachusetts insurance regulators on Friday rejected FAIR Plan’s request to raise rates by an average of more than 7 percent. FAIR Plan, whose official name is Massachusetts Property Insurance Underwriters...
Catlin Group Records 12% Increase in Gross Premiums in Q1 2012
May 11 2012 // The Bermuda-based Catlin Group Limited’s interim management statement for the first quarter of 2012 highlighted a 12 percent increase in gross premiums written to $1.642 billion for the period, compared to $1.465...
Duplicate Regulation Drives Up Commercial Premiums, Says Iowa Researcher
May 8 2012 // Buyers of commercial liability insurance pay as much as 31 percent more in insurer compliance costs if their insurance company has to comply with regulations from multiple states instead of just a single regulator,...
Travelers Reports $806M Q1 Income; Renewal Rates Are Up
May 7 2012 // The Travelers Companies Inc. reported $806 million in net profit for the 2012 first quarter. The first-quarter profit was down 4 percent when compared to one year ago, but the result during the year-ago period was boosted...
West Insurance Employment: California Job Market to Stay Soft
May 7 2012 // The phrase “Go west young man,” may not apply so well to the insurance industry in the nation’s most populous state. An examination of Bureau of Labor Statistics and Economic Development Department data...
Farmers Rate Hike Request
May 7 2012 // Farmers Insurance Exchange has requested an average 39 percent statewide increase for its 25,500 insured homeowners in Louisiana. Details on which areas would receive the largest increases – or decreases – are...
Rate Hike Proposal Goes to TWIA Board
May 7 2012 // In advance of the June 1 start of hurricane season, the actuarial underwriting committee of Texas’ property insurer of last resort for coastal counties is recommending a rate increase. The committee on April 20...
Current Market Not Yet a ‘Classic’ Hard Market: P/C Executives
May 7 2012 // The current property/casualty market is not a “classic” hard market, yet anyway. While prices are clearly rising in certain lines including property and workers’ compensation, other conditions of a...
Current Market Not Yet a ‘Classic’ Hard Market: P/C Executives
May 7 2012 // The current property/casualty market is not a “classic” hard market, not yet anyway. While prices are clearly rising in certain lines including property and workers’ compensation, other conditions of a...
Mass. Health Insurance Base Rate Up 1.2% on Average for Third Quarter
May 1 2012 // The Massachusetts Division of Insurance (DOI) said this week that it is placing on file small-group health insurance base rates for the 2012 third quarter, with an average increase of just 1.2 percent. Fueled by base rate...
SCOR Posts 11% Increases in Renewal Pricing
May 1 2012 // SCOR Global P&C (SGPC) recorded 11 percent growth at constant exchange rates from the €328 million [$435 million] in premiums that were up for renewal on April first, “with no increase in exposure to natural...
U.S. E&S Market Premiums Increase in 2011: SNL Financial
Apr 30 2012 // U.S. excess and surplus market is seeing a slight uptick in premiums, a new report reveals. After several years of declines, U.S. E&S insurers saw an increase in the overall amount of direct premiums written in 2011,...
Citizens Delays Rate Hike for New Business
Apr 30 2012 // The governing board for Florida’s state-backed Citizens Property Insurance Corp. has at least temporarily backed off a proposal to begin charging rates for new business next year at rates higher than allowed by...
Rate Hike Proposal Sent to Board of Texas Windstorm Insurer
Apr 27 2012 // In advance of the start of hurricane season, the actuarial underwriting committee of Texas’ property insurer of last resort for coastal counties is recommending a rate increase. The committee on April 20 voted for a...
Selective Reports $18.1M Q1 Profit; Commercial Lines Price Up 5.1%
Apr 26 2012 // Selective Insurance Group, headquartered in Branchville, N.J., reported $18.1 million net income for its 2012 first quarter, a 11.7-percent decrease compared to $20.5 million income reported during the prior-year...
W.R. Berkley Q1 Income Up 17%, Sees Price Hikes ‘Accelerating’
Apr 24 2012 // W.R. Berkley Corporation reported $135.32 million for its 2012 first-quarter net income, a 17 percent increase compared to $115.59 million income reported one year ago. CEO William R. Berkley noted that price increases are...
