Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Ohio Property Insurance Rates Expected to Rise After Storms
Jan 20 2012 // Ohio’s relatively low rates for property insurance are expected to rise in 2012 due to the damaging storms of recent years. An insurance agent in Middletown in southwest Ohio says Mother Nature has had her way with...
Report: Louisiana Homeowners Insurance Rates Rising More Slowly
Jan 16 2012 // Homeowners insurance premiums in Louisiana remain among the nation’s highest, but are rising much more slowly than they did in the first two years after Hurricane Katrina, new data from by the National Association of...
Florida Workers’ Compensation Rate Hike Irks Businesses
Jan 16 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...
Consumer Group Hammers Mercury Rate Increase Filing in California
Jan 9 2012 // A California consumer group is challenging a rate hike bid by Mercury Insurance because the group claims the company is trying to pass along the costs of its political campaigning. But the insurer says those costs are not...
Kansas Commissioner Rebuffs Proposed Workers’ Comp Rate Hike
Jan 9 2012 // Kansas’ top insurance regulator refused a proposed workers’ compensation rate increase and actually got the rate to drop slightly, the state insurance department announced. Insurance Commissioner Sandy Praeger...
Abram Interstate Adds a Market for Hard-to-Place Risks
Jan 6 2012 // Abram Interstate Insurance Services has added a new carrier that will provide competitive pricing and flexibility for hard-to-place accounts in California. Some of the products the new market will cover include roofing,...
Consumer Group Hammers Mercury Rate Increase Filing in California
Dec 22 2011 // A California consumer group is challenging a rate hike bid by Mercury Insurance because the group claims the company is trying to pass along the costs of its political campaigning. But the insurer says those costs are not...
Kansas Insurance Regulator Rebuffs Proposed Workers’ Comp Rate Increase
Dec 22 2011 // Kansas’ top insurance regulator has refused a proposed workers’ compensation rate increase and actually got the rate to drop slightly, the state insurance department announced. Insurance Commissioner Sandy...
Florida’s Citizens Pulls Back on Condominium Rate Hikes for Now
Dec 20 2011 // Florida condominium buildings that rent out 25 percent of their units will see no rate increase for now despite playing a key role in the state’s largest property insurer’s plan to reduce its policy...
Allstate Rates for Texas Homeowners Could Go Up
Dec 19 2011 // Allstate Insurance has asked Texas regulators to allow the company to raise homeowner rates by nearly 10 percent for some customers. Allstate spokesman Joe McCormick told the Dallas Morning News that the industry is...
Property Rates on the Rise
Dec 16 2011 // Nearly half of the U.S. property insurance policies renewed in the current quarter have been at higher prices, brokerage Marsh said, adding fuel to an industry turnaround after years of declining rates. Marsh said 48...
State Farm Gets 7.8% Homeowners Rate Hike in Louisiana
Dec 9 2011 // Louisiana has allowed its largest insurer of homes to raise its rates by an average 7.8 percent. State Farm Fire and Casualty Co. spokeswoman Molly Quirk told The Associated Press that the $32.2 million increase goes into...
Willis: Power Market Review – Still No Hard Market, Despite Losses
Dec 9 2011 // 2011 looks set to be one of the worst years on record for natural catastrophe events; continuing civil unrest roils the Middle East and Europe’s economic crisis shows no signs of abating. All of those conditions...
Willis Re Spots Downward Trend UK Auto Claims; Premium Increases
Dec 8 2011 // UK motor [auto] insurance premiums “have continued to rise in 2011, with some drivers facing price increases of up to 50 percent,” according to findings of the annual UK Motor Market Review by Willis Re. It...
Travelers CEO Says His Company’s Business Insurance Rates Up Over 5%
Dec 7 2011 // The Travelers Companies CEO Jay Fishman said at a financial conference yesterday that his company raised rates for business insurance customers by 5.2 percent in October, followed by 5.8 percent in November, according to a...
Rate of Virginia Workplace Injuries Up in 2010
Dec 5 2011 // The rate of workplace injuries increased in 2010 in Virginia, but still remains below the national rate. The Virginian-Pilot of Norfolk said a state Department of Labor and Industry report released last Thursday shows that...
Aon Benfield Reports China Reinsurance Premiums up 70% since 2005
Dec 5 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has launched its China Property & Casualty Insurance and Reinsurance Market Report, which,” it said “reveals the...
Maine Workers’ Compensation Rates to Go Down Next Year
Dec 5 2011 // Maine Insurance Superintendent Eric Cioppa said the Bureau of Insurance has approved the National Council on Compensation Insurance’s request to decrease workers’ comp loss costs in the state by an average of...
RIMS: Soft Market Has Hit Bottom for Commercial Lines
Dec 5 2011 // Risk and Insurance Management Society’s latest survey found average renewal premium rates rising in three out of the four business lines it tracked. This “strongly suggests” that an eight-year period of...
Ohio Rolls Out Plan Aimed at Increasing Return to Work Rates
Dec 5 2011 // The Ohio Bureau of Workers’ Compensation (BWC) introduced a new rating plan that encourages employers to maintain safe workplaces and to work with injured workers to speed their return to work. “Destination:...
