Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Reinsurance Rates Up, But Few Agree How Much
Apr 18 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
As Insurance Rates Rise, Missisippians Urged to Take Mitigation Seriously
Apr 15 2011 // Mississippi Gulf Coast residents have been told mitigation is the answer to the region’s high insurance rates. “What do you do to lower rates? It is pretty simple. If you want to lower rates on the Gulf Coast,...
Allstate Agrees to Reduced Rate Hike, Policy Drops in Mississippi
Apr 13 2011 // Mississippi Insurance Commissioner Mike Chaney has agreed to let Allstate Property and Casualty Co. increase homeowner insurance rates 19.4 percent in the state. Chaney said that Allstate was threatening to drop 18,000...
Massachusetts Workers’ Compensation Rates Not Going Up
Apr 13 2011 // Massachusetts regulators and insurers have agreed that workers’ compensation rates will not rise. Last month, the industry filed for a 6.6 percent average increase effective Sept. 1 but insurers have agreed to hold...
Florida Approves 18.8% State Farm Rate Increase
Apr 12 2011 // Florida Insurance Commissioner Kevin McCarty has approved a statewide average 18.8 percent rate increase in State Farm’s homeowners’ policies, which is roughly 10 percent below the 27.9 percent it initially...
How Rising Energy Prices Affect P/C Insurance
Apr 11 2011 // The leveling off of the world’s oil supply and the resulting rising gasoline prices and their economic impact carry implications for property/casualty insurance rates. Oil spikes have been known to precede...
Calif. Workers’ Comp Rating Bureau Could Recommend 40% Rate Increase
Apr 6 2011 // The Workers’ Compensation Insurance Rating Bureau of California is discussing a pure premium rate increase of up to 40 percent at today’s Governing Committee meeting, according to industry reports. The WCIRB...
Reinsurance Rates Rising, But Few Agree Where, How Much
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Reinsurance Rates Are Rising, but Few Agree Where
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
State Farm Denied Rate Hike in Louisiana; Citizens Gets 6.5% Increase
Apr 4 2011 // Louisiana insurance regulators rejected a rate increase from the state’s largest insurer of homes, but the board of the state’s property insurer of last resort approved a rate hike, albeit smaller than the one...
Reinsurance Rates May Rise with Japan Loss Estimates
Apr 4 2011 // Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, as one analyst said reinsurers did not appear to be raising rates fast enough to compensate for the March...
Willis Re: Japan Quake Not Enough to Turn Soft Market
Mar 31 2011 // A report from Willis Re, the reinsurance brokerage arm of Willis Group Holdings, notes that “relatively orderly price movements at the April 1 Japanese reinsurance renewals reveal that the Tohoku Earthquake is not...
Combined Agents Reports Commercial Premium Growth of 64% Over Decade
Mar 30 2011 // Combined Agents of America, LLC (CAA), based in Austin, Texas, reported the group wrote more than $414 million in combined property/casualty premiums in 2010 and has increased commercial premium written by 64 percent since...
Japan Reinsurance Prices Should Rise 50%: Analyst
Mar 28 2011 // Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, as one analyst said reinsurers did not appear to be raising rates fast enough to compensate for the March...
Florida Hears First Community’s Home Rates; OKs Dwelling Increase
Mar 27 2011 // Florida regulators held a public hearing last week to consider the First Community Insurance Co.’s request to raise its homeowner rates a statewide average by 23.3 percent. The company said there are two driving...
State Farm Homeowners’ Rate Hike Rejected in Louisiana
Mar 24 2011 // Louisiana insurance regulators have rejected a rate increase from the state’s largest insurer of homes. State Farm Fire and Casualty Co. wanted an average 14.3 percent rate hike for its 301,000 customers who get...
First Community Seeks 23% Florida Homeowners Insurance Rate Hike
Mar 22 2011 // A group of Florida homeowners could see a double-digit increase in their property premiums if regulators go along with their insurer’s rate request. Florida regulators are holding a public hearing today to consider...
Louisiana Citizens Property Insurance Corp. Rates to Rise July 1
Mar 21 2011 // The governing board of Louisiana’s insurer of last resort has approved an average 6.5 percent annual rate increase for its 119,000 homeowners’ policies. Higher rates for those homeowners covered by Louisiana...
Rhode Island Attorney General Opposes Workers’ Comp Rate Hike
Mar 11 2011 // Rhode Island Attorney General Peter F. Kilmartin said he opposed a 3.9 percent workers’ comp rate hike being sought by the National Council on Compensation Insurance (NCCI) for the state. NCCI’s calculations...
Insurers’ Share Prices Fall on Japan Earthquake News
Mar 11 2011 // Shares in European insurers and reinsurers fell sharply in early trading on Friday after Japan was hit by a massive earthquake, one of the biggest ever recorded. The quake, which measured 8.9 on the Richter scale, hit off...
