All the headlines from our Pricing Trends Topic Page, ordered by recency.
Jul 29 2008 // Seattle, Wash.-based Safeco’s net income dropped nearly $37 million in the second-quarter 2008 over the same time period in 2007, the company reported today. For the second-quarter 2008, Safeco posted net income of...
Jul 28 2008 // Falling medical malpractice premiums led to a 15 percent drop in net premiums written between 2006 and 2007 for a composite of captive insurance companies, but captives overall benefited from favorable underwriting...
Jul 17 2008 // A charge leveled on July 16 by Michigan’s insurance advocate that auto rates are too high fails to mention that the state’s auto insurance benefits are the best in the nation, one insurance trade group says.The...
Jul 8 2008 // Munich Reinsurance Co. of Africa – the largest reinsurer in Sub-Saharan Africa – posted positive underwriting results for 2007.MRoA announced a 25.4 percent increase in gross premium income to R3, 2billion, and...
Jul 7 2008 // Searching for ways to survive and thrive in the soft market cycle? Cultivate untapped customer markets; proactively service renewals; use technology for efficiency and to manage customer expectations; assertively seek...
Jul 7 2008 // Searching for ways to survive and thrive in the soft market cycle? Cultivate untapped customer markets; proactively service renewals; use technology for efficient agency management; and assertively seek referrals.Those are...
Jul 2 2008 // Florida Insurance Commissioner Kevin McCarty has officially adopted the ruling of an administrative law judge who rejected a 30.3 percent property insurance rate increase sought by Florida Farm Bureau.“Rulings like...
Jul 2 2008 // California Insurance Commissioner Steve Poizner has approved a 17.9 percent reduction in insurance premiums for Fireman’s Fund California homeowners. This reduction will bring a total of $30 million in savings to...
Jun 25 2008 // Louisiana’s “insurer of last resort” is seeking double-digit increases in homeowners rates across several southeast parishes.The state-backed Louisiana Citizens Property Insurance Corp. would raise rates...
Jun 16 2008 // It was the best of times, it was the worst of times.” Charles Dickens probably was not referring to the insurance industry’s soft market, when he wrote “A Tale of Two Cities,” but his words ring as...
Jun 12 2008 // George Joseph, founder and chairman of Mercury General Corp. announced the company has filed for and was approved for a 33 percent rate reduction for homeowners and 10 percent rate reduction for renters insurance...
Jun 12 2008 // Olympus Insurance Co. of Orlando, Fla., lowered its homeowners insurance rates, most notably in inland counties and for newer homes. The lower rates will have greatest effect on 33 inland counties across Northern and...
Jun 9 2008 // The rise in world food prices carries implications for both rich and poor countries – the latter will more fully feel the impact, as well as the insurance industry. The recent conference in Rome, organized by the...
Jun 2 2008 // In a recent letter to fellow program administrators, Greg Thompson, CEO of Thompson Insurance Enterprises Inc. and Target Markets Program Administrators Association (TMPAA) president, advised that being ahead of the...
Jun 2 2008 // Editor’s Note: The following is part two of a discussion of the risk retention options available to managing general agents, the variables which may affect their execution, and the means and modes of analysis. The...
Jun 2 2008 // Gulf Coast insurance premiums in Mississippi have returned to nearly pre-Katrina levels, according to officials at the state’s wind insurance pool.According to the Mississippi Windstorm Underwriting Association, also...
May 28 2008 // California State Compensation Insurance Fund announced it filed a July 1, 2008, revision to its rating plan, which it anticipates will result in a 3.5 percent reduction in collectible premium. While base rates will remain...
May 23 2008 // The North Dakota Workforce Safety & Insurance (WSI) board of directors approved the 2008-2009 premium rate plan on Thursday, May 22nd. While the new rating plan begins July 1, 2008, it calls for no change in statewide...
May 19 2008 // Massachusetts insurance officials have blocked a 13.2 percent statewide rate hike by the state’s residual market home insurer.The decision by Insurance Commissioner Nonnie S. Burnes spares some 150,000 coastal and...
May 19 2008 // As a result of an agreement reached by the Texas Department of Insurance, the Office of Public Insurance Counsel and Allstate Texas Lloyd’s, the company will soon begin reducing its homeowners rates and provide...