Latest Pricing Trends Headlines

All the headlines from our Pricing Trends Topic Page, ordered by recency.

Workers’ Compensation Rates Continue to Decline in Arkansas

Apr 24 2008 // Arkansas Insurance Commissioner Julie Benafield Bowman announced a decrease in workers’ compensation rates effective July 1, 2008.Since the passage of an all-encompassing workers’ compensation legislative...

In Midwest, Recession Makes Soft Market Even Tougher

Apr 22 2008 // When it comes to dealing with a recession, independent agents in Michigan carry the dubious distinction of having more experience than their counterparts in other Midwestern states. Michigan has been knee deep in a...

Recession, Soft Market Forcing Western Agents to Refocus

Apr 22 2008 // Whether the nation is in a true recession may still be up for debate, but it’s difficult to ignore the signs of economic slowdown throughout the West — and its effect on the insurance industry. New home...

Mississippi Wind Pool Rates Reduced

Apr 21 2008 // Mississippi Insurance Commissioner Mike Chaney approved an average 11 percent rate reduction filed by the Mississippi Windstorm Underwriting Association. The reductions vary according to geographic zones and go into effect...

Soft Market’s Effect on Premium Volume Doesn’t Have to Hinder Revenue

Apr 21 2008 // Premium volume may be down for independent agencies across the country but that doesn’t mean agency revenue is down for some of the nation’s top performing agencies. Diversifying an agency’s revenue...

Premium Growth: Top 25 P/C Premium Gainers in 2007 Versus 2006

Apr 21 2008 // President Calvin Coolidge noted that “All growth depends upon activity. There is no development physically or intellectually without effort, and effort means work.” That being the situation, the following 25...

Texas Regulators Explain State Farm Homeowners Rate Hike

Apr 14 2008 // In its “Straight Talk About Insurance” column on its Web site, the Texas Department of Insurance has updated information on the decision to approve an increase in State Farm Insurance Company’s homeowners...

Analysts See Increase in P/C Mergers Ahead; Rate Climate Change Top Issue

Apr 14 2008 // Insurance equity analysts expect a significant increase in property/ casualty mergers and acquisitions this year, according to findings of a global survey by Accenture.More than two-thirds (71 percent) of all P/C analysts...

Marsh Survey Finds Corporate Captive Growth Despite Soft Market

Apr 11 2008 // Marsh’s London office has issued a new “global benchmarking report,” which examines the use of captive insurance companies by today’s global firms. The report -“Next Generation Captives...

Mississippi Wind Pool Rate Reduction on the Horizon

Apr 11 2008 // Mississippi Insurance Commissioner, Mike Chaney, approved an average 11 percent rate reduction request filed by the Mississippi Windstorm Underwriting Association.The reductions will vary according to geographic zones and...

S&P Warns Soft Market Could Mean Downgrades for Commercial Insurers

Apr 9 2008 // The U.S. commercial lines property/casualty insurance “soft” pricing cycle will likely mean outlooks on some commercial lines insurers will be revised to negative in the second half of 2008, according to...

It’s the Soft Market, Stupid

Apr 7 2008 // It starts with the housing market. Then it seeps into construction, typically residential followed by commercial. Then it travels to manufacturing, then retail, then hospitality. It differs by region. It might be worse in...

In Midwest, Economic Downturn Makes Soft Market Even Tougher

Apr 7 2008 // When it comes to dealing with a recession, independent agents in Michigan carry the dubious distinction of having more experience than their counterparts in other Midwest states.Michigan has been knee deep in a recession...

It’s the Soft Market, Stupid

Apr 7 2008 // It starts with the housing market. Then it seeps into construction, typically residential followed by commercial. Then it travels to manufacturing, then retail, then hospitality. It differs by region. It might be worse in...

Take a P/C Soft Market, Throw in a Recession, and Stir

Apr 7 2008 // The following interview with Robert Hartwig, president of the Insurance Information Institute, took place with Insurance Journal‘s Andy Simpson in mid-February.How would a recession affect Main Street...

Hawaii’s Largest Insurer, HMSA, Plans Rate Hike

Mar 31 2008 // Haeaii’s biggest health insurer wants to hike health insurance premiums by more than 12 percent next year, the biggest increase in nearly two decades.The proposed rate hikes would affect 144,000 members and...

Benfield Inc to address Soft Market Impact on Program Business

Mar 21 2008 // Wilmington, DE – March 2008 – The Target Markets Program Administrators Association announced today that the Association’s Strategic Partner Benfield Inc. will be collecting data from TMPAA Program...

Aon Says Failures May Increase Premiums for Space Vehicles

Mar 21 2008 // The failures of the Sea Launch rocket carrying the NSS-8 satellite, the Proton carrying JCSat 11 and the recent failure of the Proton rocket carrying the AMC-14 satellite, could cause space insurers to increase premiums by...

5 Years Later, Ohio Has Falling Insurance Rates; Fewer Obstetricians

Mar 20 2008 // When Bobbie Cameron became pregnant with her third child, she reluctantly chose a new doctor to oversee her care. Her longtime physician had dropped out of the birthing business because of soaring malpractice insurance...

Farmers Files Homeowners Rate Increase in Texas

Mar 18 2008 // Stating it’s the first rate change in two years for its “Texas Family Home Policy,” Farmers Insurance Group, through Texas Farmers Insurance Company, filed a rate increase for the policy with the Texas...