All the headlines from our Pricing Trends Topic Page, ordered by recency.
Aug 14 2008 // The Workers’ Compensation Insurance Rating Bureau of California indicated it plans to submit a filing to the California Department of Insurance (CDI) recommending a 16 percent increase in pure premium rates effective...
Aug 14 2008 // A State Farm rate increase appears in jeopardy after regulators grilled company officials for hours about a request to jack up rates in Florida by 47.1 percent.Florida’s insurance consumer advocate office told...
Aug 12 2008 // For over 16 years, MGA’s and Carriers have trusted QualCorp for their Rating and Policy Issuance Software.Their flagship product – FormsPlus – automates all lines of business for both admitted and...
Aug 8 2008 // A.M. Best Co. assigned a financial strength rating of A- (Excellent) and issuer credit ratings of “a-” to The PURE Group of Insurance Companies and its members: Privilege Underwriters Reciprocal Exchange and...
Aug 7 2008 // One of New York state’s largest auto insurers, GEICO, agreed to drop two requests for rate hikes after a plea by the state’s top regulator to consider the effect of high gas prices on customers’ driving...
Aug 6 2008 // An Ohio official is forecasting slight increases in auto insurance rates through the end of this year and larger increases in homeowners premiums. State Insurance Director Mary Jo Hudson revealed the prediction on August 4...
Aug 6 2008 // Louisiana Citizens Property Insurance Corp. policyholders won’t see planned rate increases for at least two months because the agency can’t get a quorum on its board to approve the measure.Premiums had been...
Aug 5 2008 // Florida Insurance Commissioner Kevin McCarty said the Office of Insurance Regulation issued a notice of intent to disapprove the June 20 rate filing submitted by Florida Farm Bureau Insurance Companies – Farm Bureau...
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...