Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
Current Market Not Yet a ‘Classic’ Hard Market: P/C Executives
Apr 23 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...
Chubb: $506M Q1 Income, Business Insurance Renewal Prices Edge Up
Apr 19 2012 // The Chubb Corporation reported $506 million in net income for the 2012 first quarter, down slightly — 0.59% — from $509 million income reported one year ago. The insurer’s underwriting profit improved...
Travelers Has $806M Q1 Income; Business Insurance Renewal Price Up 8%
Apr 19 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
Apr 17 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...
Corporate Insurance Buyers Preparing for Hardening P/C Market: Survey
Apr 17 2012 // A vast majority of corporate risk managers at U.S. companies are taking steps to prepare for a hardening property/casualty (P/C) insurance market. Professional services company Towers Watson’s annual survey also...
Missouri Home Insurance Rates Rise
Apr 16 2012 // Missouri insurance regulators report that homeowners premiums increased 5 percent between July 2011 and March 2012. The figure is based on an analysis of rates charged by insurers covering 80 percent of homes. Disaster...
Farmers Insurance Asks for Rate Hike in Louisiana
Apr 12 2012 // Farmers Insurance Exchange has asked Louisiana regulators for an average 39 percent statewide increase for its 25,500 homeowner policyholders. The state insurance department is examining the request, which was filed last...
North Carolina Officials: Increased Fire Insurance Premiums Due to GPS
Mar 23 2012 // Some North Carolina homeowners are seeing premium increases this year due to a fire rating change. And North Carolina officials say those increases in insurance premiums stem from the use of technology by insurers and not...
Commercial Lines Prices Up for 4th Straight Quarter: Survey
Mar 19 2012 // Commercial insurance prices increased an aggregate 3 percent during the fourth quarter of 2011, the fourth consecutive quarter during which prices for all standard commercial lines rose. Additionally, earned price...
Report: Arizona P/C Insurers See Premiums Written Fall, Losses Rise
Mar 19 2012 // A report on Arizona’s property/casualty insurers issued recently shows a drop in written premiums to $7.4 billion, and a large increase in losses incurred to $6.4 billion for 2010. The report, from the Arizona...
Rate Hike for Massachusetts Workers’ Comp?
Mar 19 2012 // It’s been more than 10 years since Massachusetts raised its workers’ compensation average rates. Is it time for a rate hike? The state’s insurance commissioner Joseph Murphy will hold a public hearing on...
