All the headlines from our Pricing Trends Topic Page, ordered by recency.
Dec 31 2008 // Minnesota’s Commerce Commissioner has issued a rate order approving a 2.6 percent increase in the overall level of the assigned risk rates for workers’ compensation insurance. The increase is effective April 1,...
Dec 29 2008 // Auto insurers may increase premiums on North Carolina drivers by up to 9.4 percent starting Jan. 1, but a court ruling will determine whether they can keep the extra money.The North Carolina Rate Bureau, which represents...
Dec 18 2008 // Mississippi Insurance Commissioner Mike Chaney says Alfa Insurance customers are about to pay less for their automobile coverage. Chaney has approved Alfa’s plan to decrease auto rates by as much as 2.1 percent,...
Dec 18 2008 // North Carolina Insurance Commissioner Jim Long today signed a settlement agreement with homeowners insurance companies allowing an overall statewide average increase of 4.05 percent in rates beginning May 1.This is below...
Dec 17 2008 // Willis Group Holdings has said that it “expects aviation insurance prices to rise and the insurance market to harden further through the end of 2008 and into 2009,” according to the latest report issued by the...
Dec 16 2008 // The Florida Office of Insurance Regulation has scheduled a hearing today to consider a proposed 18.6 percent workers compensation rate increase. The proposal made by the National Council on Compensation Insurance (NCCI) on...
Dec 16 2008 // The Workers’ Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through Sept. 30, 2008.WCIRB said: “California written premium (gross of...
Dec 15 2008 // An administrative law judge in Florida on Friday rejected a 47.1 percent average rate increase sought by State Farm Florida, the state’s largest privately owned property insurer.The Florida-only affiliate of...
Dec 8 2008 // Officials say Vermont businesses should be paying less for workers’ compensation insurance.The National Council on Compensation Insurance is recommending a 13 percent drop in rates in Vermont. If state regulators...
Dec 5 2008 // North Carolina homeowners insurers are seeking an average 19.5 percent statewide rate hike which, if approved, would be the first rate hike since 2006.The proposal, being finalized this week by the North Carolina Rate...
Dec 4 2008 // Washington’s Department of Labor and Industries (L&I) said premiums for workers’ compensation insurance will go up, on average, 3 percent in 2009.Individual employers could see their rates go up or down,...
Dec 4 2008 // The financial and housing crises, along with a prolonged soft market, are converging to create a highly challenging environment for the U.S. insurance industry in 2009, says an industry think tank.These factors will force...
Nov 30 2008 // The Independent Insurance Agents and Brokers of America (the Big “I”) recently released its annual Best Practices Study. The independent study includes the “Rule of 20” statistic which provides a...
Nov 30 2008 // A Florida Supreme Court ruling has resulted in a request to raise workers compensation rates by 8.9 percent.The National Council on Compensation Insurance filed the request, citing last month’s ruling in which...
Nov 30 2008 // Commercial and residential rates for policies written through the Texas Windstorm Insurance Association (TWIA) will rise in February when rate increases approved by the Texas Department of Insurance (TDI) go into...
Nov 30 2008 // Disaster insurance bonds are one of the few assets to make any money this year but new supply is on hold pending expected price rises in the underlying reinsurance market.Market players say demand remains buoyant for the...
Nov 26 2008 // Standard & Poor’s Ratings Services said in a report published today that reinsurers have had sufficient excess capital available to absorb the shocks of the past year, but much of that cushion has now been...
Nov 24 2008 // California Insurance Commissioner Steve Poizner has approved homeowners insurance rate increases for State Farm and Farmers, increasing premiums by a combined $115 million.State Farm customers will soon face an average 6.9...
Nov 24 2008 // Disaster insurance bonds are one of the few assets to make any money this year but new supply is on hold pending expected price rises in the underlying reinsurance market.Market players say demand remains buoyant for the...
Nov 19 2008 // Beacon Marketing – “Helping to guide your prospecting needs to new destinations”Orange, CA – November 19, 2008: With the current economic conditions, a lot of agencies have had to reduce and/or cut...