Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
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...
California Workers’ Comp Premium Grows But Claim Severity Continues to Rise
Mar 15 2012 // An annual report from the Workers’ Compensation Insurance Rating Bureau of California shows that for the second consecutive year statewide workers’ compensation premiums levels rose in 2011, but that...
Commercial Lines Prices Up for 4th Straight Quarter: Survey
Mar 12 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...
Mass. Commissioner to Hold Hearing on 19.3% WC Rate Hike Request
Mar 8 2012 // Massachusetts insurance commissioner Joseph Murphy will hold a public hearing March 30 to examine a rate increase request from The Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIB). The...
P/C Insurers Face Obstacles on Road to Hard Market
Mar 5 2012 // With interest rates low and looking like they will stay low for some time, property/casualty insurance companies will have to focus on making their profit on underwriting rather than on investments. However, P/C insurers...
N.Y. Launches Audit of Rising Health Insurance Rates
Mar 5 2012 // The New York State Department of Financial Services said it has launched a wide-ranging probe of the accuracy of the data used by insurers and health maintenance organizations (HMOs) to request health insurance rate...
Report: Arizona P/C Insurers See Premiums Written Fall and Losses Rise
Mar 1 2012 // A report on Arizona’s property/casualty insurers issued on Thursday 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...
P/C Insurers Face Obstacles on Road to Hard Market
Feb 24 2012 // With interest rates low and looking like they will stay low for some time to come, property/casualty insurance companies will have to focus on making their profit on underwriting rather than on investments. However, P/C...
N.Y. Regulators Launch Audit of Rising Health Insurance Rates
Feb 16 2012 // The New York State Department of Financial Services has launched a wide-ranging probe of the accuracy of the data used by insurers and health maintenance organizations (HMOs) to request health insurance rate...
Selective Posts $16M Q4 Profit; Jan. Commercial Renewal Rates Up 4.5%
Feb 7 2012 // Selective Insurance Group, based in Branchville, New Jersey, reported $16.1 million for its 2011 fourth-quarter net income, down 32 percent from one year ago when the insurer posted $23.8 million profit. For the 2011 full...
Mercury General Corp.’s 4Q Net Premiums Up Slightly; Declares Quarterly Dividend
Feb 6 2012 // Mercury General Corp. announced on Monday that net premiums written were $618.6 million in the fourth quarter of 2011, a 0.2 percent increase compared from the fourth quarter of 2010, and net premiums were $2.6 billion for...
Conning: P/C Premiums to Grow 3% to 4% in 2012
Feb 6 2012 // Property/casualty insurers are facing a difficult environment in 2012, according to a forecast from analysts at a Hartford, Conn., insurance consulting firm. The difficult environment will include volatility in the...
Mass. AG Calls Proposed Homeowners Premium Hike ‘Illegally Excessive’
Feb 6 2012 // Massachusetts Attorney General Martha Coakley is opposing a recently proposed home insurance rate request for 150,000 consumers, calling it illegally excessive. She made her remarks during her testimony before the...
Workers’ Comp Rate Hike Irks Florida Businesses
Feb 6 2012 // Florida small businesses seeing their second workers’ compensation rate increase in as many years are calling on the state to reduce the increase because they fear it will harm the economy. A small business group is...
Six Northeastern States Saw Average Auto Premium Rates Fall, NAIC Says
Feb 6 2012 // Six Northeastern states saw their annual average auto premium fall, according to the latest data from the National Association of Insurance Commissioners. They are: Massachusetts, New Hampshire, Pennsylvania, Rhode Island,...
Travelers’ Commercial Renewal Rates Up 8% in Q4
Feb 6 2012 // Travelers Companies Inc.’s business insurance had renewal premium rate gains of 8 percent for the fourth quarter 2011 and 10 percent for December, said CEO Jay Fishman. He offered his remarks during the earnings call...
Farmers Insurance Rate Hike in Texas Set for March
Feb 3 2012 // Farmers Insurance will raise homeowner premiums by nearly 10 percent after Texas regulators declined to object to the increase. The Dallas Morning News reported that the rate hike, set for mid-March, will apply to about...
W.R. Berkley Posts Q4 Profit of $118M; Average Renewal Rates Up 4.2%
Feb 1 2012 // W.R. Berkley Corporation reported net income of $117.9 million for its 2011 fourth quarter, a 7 percent decline compared to the same period one year ago when the company reported $126.9 million net income. The Greenwich,...
Chubb Says Commercial Renewal Rates Rose 6% in Q4, Up From 4% in Q3
Jan 30 2012 // Chubb Corporation said its commercial insurance renewal rates were up 6 percent in the 2011 fourth quarter, as the pace of renewal rate increases continues to accelerate. Chubb also said it secured renewal rate hikes in...
