All the headlines from our Pricing Trends Topic Page, ordered by recency.
Jan 8 2025 // The Meteoric Rise in U.S. Auto Insurance Rates is Being Subsidized by Collector Car Owners According to Classic & Collector Insurer OpenRoad Standard auto insurers continue their efforts to recover from the...
Jan 7 2025 // According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased about 5.8% in 2024 โ the highest yearly jump in a dozen years.For the last quarter of 2024, the composite rate went up...
Jan 6 2025 // Guy Carpenter reports that average global and regional property catastrophe rates-on-line decreased during the January 2025 renewals in amounts ranging from 5.3% to 7.2%.Guy Carpenter defines rate on line (ROL) as the cost...
Dec 30 2024 // Global reinsurers’ appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of 5%-15% for loss-free accounts, according to a renewal...
Dec 19 2024 // European insurers are approaching the new year from a position of strength, having benefited from supportive interest rates and pricing cycles over the past two years. However, 2025 is expected to present more challenges,...
Dec 18 2024 // Massachusetts workers’ compensation insurers have filed for a 7.1% increase in average rates for industrial classes beginning July 1, 2025 โ the first rate increase since 2016.Why an increase in 2025? According to...
Dec 11 2024 // Broker WTW said commercial lines insurance rates increased overall by an average of 6.1% during the third quarter 2024.Quarterly price increases have been around 6% since the end of the pandemic, WTW reported in its...
Dec 6 2024 // The Missouri Department of Commerce and Insurance (DCI) announced that employers should see a reduction in workers’ compensation rates in 2025, marking the fourth straight year of decreased rates.The projected rate...
Dec 5 2024 // Most major commercial lines premium renewal rates were higher month over month, except general liability, which remained consistent with October and Commercial Property and Workers’ Compensation which saw a decrease,...
Dec 4 2024 // Despite continued uncertainty over the future of federal tax rules on micro-captive insurance companies, the instruments seem to be increasingly popular for small businesses, especially in Florida, where rates for...
Dec 2 2024 // The average cost of workers’ compensation insurance in Washington will go up about 3.8% in 2025, the Washington State Department of Labor & Industries announced.Employers and workers together will pay on average...
Dec 2 2024 // For a long time, the hard market has made it difficult for agents to offer their clients the coverage they want at affordable prices — assuming coverage was available at all. Now, there are signs that this is...
Nov 27 2024 // Shares of US automakers tumbled on worries that a new round of tariffs imposed by President-elect Donald Trump will cause sticker prices to soar even further.Trump said that he would impose additional 10% levies on goods...
Nov 22 2024 // Global non-life premiums are expected to hit a decade-high growth level of 4.3% in 2024, following the repricing of risk over the past several years in response to elevated claims, according to Swiss Re’s...
Nov 22 2024 // Respondents of a recent survey reported lower premium increases for all lines of business except umbrella during the third quarter.According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey,...
Nov 21 2024 // The trend of decreasing rates in Connecticut workers’ compensation insurance will continue as the state’s insurance regulator has approved an industry proposed 6% rate decrease beginning January 1, 2025.The...
Nov 19 2024 // Florida employers will soon see the smallest decrease in workers’ compensation rates in years โ just a 1% reduction from current overall rates in the voluntary market.The Florida Office of Insurance Regulation...
Nov 18 2024 // AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 — a five-year high that was driven mainly by favorable investment income and strong underwriting performance....
Nov 18 2024 // The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual LexisNexis U.S. Home...
Nov 6 2024 // All major commercial lines premium renewal rates were lower in October than in August, according to the latest monthly Ivans Index.Premium renewal rate change by line of business for October 2024 highlights include:...