All the headlines from our Pricing Trends Topic Page, ordered by recency.
Aug 5 2009 // Financial institutions faced an average premium hike of 15 percent in the second quarter of 2009, as insurers seek to make up for underwriting losses resulting from a deluge of credit crunch-related Professional Indemnity...
Jul 30 2009 // Travelers Cos. Inc. said on Thursday that second quarter earnings fell about 20 percent on lower investment income and underwriting profit.An increase in premium levels helped Travelers’ net policy sales keep pace...
Jul 28 2009 // Ohio Department of Insurance Director Mary Jo Hudson announced that the average rates for the state’s top 10 private passenger auto insurers increased 0.8 percent in 2008. The average rates for the state’s top...
Jul 21 2009 // Louisiana was among the 38 states that recorded higher unemployment rates in June, but the state has experienced job growth during the past year in certain industry sectors.The Louisiana rate of 6.8 percent remains...
Jul 21 2009 // A court has upheld Florida Insurance Commissioner Kevin McCarty’s denial of a 47.1 percent home insurance rate hike requested last July by State Farm Florida.According to the Florida Office of Insurance Regulation...
Jul 20 2009 // Louisiana Citizens Property Insurance Corp. CEO John Wortman said the state-backed property insurer will likely seek another rate hike for next year, roughly a 10 percent statewide average increase, on top of this...
Jul 20 2009 // After three years of no increases, Florida’s Citizens Property Insurance Corp. is about to hike premiums up to 10 percent for many of its policyholders, although not for as many as some insurance insiders and...
Jul 20 2009 // Citing testimony that self-insured employers have been able to reduce overall workers’ compensation costs, California Insurance Commissioner Steve Poizner has rejected the Workers’ Compensation Insurance Rating...
Jul 16 2009 // State Farm Lloyds has submitted a rate filing to the Texas Department of Insurance to increase its homeowner’s insurance rates in Texas by a statewide average of 8.5 percent, beginning Oct. 1 for existing customers...
Jul 10 2009 // Louisiana’s state-backed property insurance company will probably seek another rate hike for next year, roughly a 10 percent statewide average increase, on top of this year’s 7 percent increase, the...
Jul 9 2009 // After three years of no increases, Florida’s Citizens Property Insurance Corp. is about to hike premiums up to 10 percent for many of its policyholders, although not for as many as some insurance insiders and...
Jul 8 2009 // Citing testimony that self-insured employers have been able to reduce overall workers’ compensation costs, California Insurance Commissioner Steve Poizner has rejected the Workers’ Compensation Insurance Rating...
Jun 15 2009 // Rates for some coastal property owners insured through the residual market insurance organization known as the Alabama Beach Pool are going up July 1.The overall average hike will be 5.5 percent, according to the Alabama...
Jun 15 2009 // Florida Gov. Charlie Crist has signed legislation that will increase property insurance rates by 10 percent annually on more than one million customers of the state-backed Citizens Property Insurance Corp. and gradually...
Jun 10 2009 // Some property/casualty insurers might be in for a rude awakening with respect to their reserve practices, according to industry experts.The property/casualty insurance sector’s ability to properly estimate its loss...
Jun 2 2009 // The Ohio Bureau of Workers’ Compensation (BWC) Board of Directors has approved rule changes associated with the safety standards in the Ohio Administrative Code for several industries.Ohio law allows BWC to adopt...
Jun 1 2009 // Florida property/catastrophe reinsurance rates increased by 15 percent at the June 1, 2009, renewal, compared to a decline of 15 percent a year ago, according to reinsurance specialist Guy Carpenter & Co.In a new...
Jun 1 2009 // What is the impetus for growth? Why do some insurers emphasize growth and others do not? In his Sept. 25, 1961, address to the United Nations, President John F. Kennedy described conformity as “the enemy of...
May 29 2009 // California’s State Compensation Insurance Fund has filed a mid-year rate plan that reflects a 15 percent increase in collectible premium. The revised rates will apply to new and renewal workers’ compensation...
May 29 2009 // Rates for some coastal property owners insured through the residual market insurance organization known as the Alabama Beach Pool are going up July 1.The overall average hike will be 5.5 percent, according to the Alabama...