Latest Pricing Trends Headlines

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

Midwestern States Fall Below National Average for Homeowners Premiums

Dec 19 2007 // A new National Association of Insurance Commissioners’ (NAIC) report shows Ohio homeowners and most Midwestern states pay some of the lowest homeowners insurance rates in the nation.The Ohio Department of Insurance...

State Farm Seeks 3.6% Homeowners Rate Hike in Texas

Dec 19 2007 // State Farm Insurance Co., the largest insurer of homes and cars in Texas, said it filed for an average 3.6 percent rate increase for its Texas homeowners’ insurance policies.The filing includes larger multi-line...

N.C. Coastal Towns Fear Change Will Increase Flood Insurance Rates

Dec 17 2007 // Some coastal residents could see a spike in their insurance rates because of a recent decision by the North Carolina Building Code Council.The council toughened the coastal housing code for wind-borne debris. The code now...

Farmers Insurance Wants Steep Rate Hike in Texas’ Gulf Counties

Dec 17 2007 // Farmers Insurance has indicated it wants to raise home insurance rates 20 to 30 percent along the Texas coast, while reducing rates in many other areas.The company’s rate filing with the Texas Department of Insurance...

Advocacy Group Challenges Liberty Mutual’s California Insurance Rates

Dec 11 2007 // The Greenlining Institute, a multi-ethnic advocacy organization, has fiiled a petition with the California Department of Insurance challenging Liberty Mutual Insurance Co.’s insurance rates.According to the advocacy...

Consumer Group Challenges Farmers Insurance’s California Homeowners Rate Increase

Dec 7 2007 // A California consumer group is challenging Farmers Insurance Co.’s request for a rate increase of 6.9 percent.The Foundation for Taxpayer and Consumer Rights (FTCR), in a petition filed Monday with the state...

Banks in Insurance Advance Despite Soft Market, Study Reports

Dec 4 2007 // Despite a soft property and casualty (P/C) insurance market, the top 100 banks in insurance made substantial gains in the past year, says a new report distributed by the Bank Insurance & Securities AssociationThe...

U.S. Personal Lines Insurers Trying To Maintain Profits In Softening Market

Dec 4 2007 // U.S. personal lines insurance sector is at a critical juncture, according to an article published by Standard & Poor’s Ratings Services. The article, which is titled “2008 U.S. Personal Lines Outlook: A...

Watson Wyatt: Property/Casualty Insurance Market to Remain Soft in 2008

Dec 2 2007 // The market for property and casualty insurance will stay soft in 2008, as premiums are expected to either decline or remain flat, according to actuarial and risk management experts at global consulting firm, Watson Wyatt...

Fla. Malpractice Insurance Rates Down Four Years After Limits Imposed

Dec 2 2007 // Four years ago, many Florida doctors threatened to quit their practices because their malpractice insurance premiums were spiraling out of control.Some doctors retired early, some moved out of state. A few briefly walked...

Florida Malpractice Insurance Rates Down 4 Years after Limits

Nov 25 2007 // Four years ago, many Florida doctors threatened to quit their practices because their malpractice insurance premiums were spiraling out of control.Some doctors retired early, some moved out of state. A few briefly walked...

Florida Regulators Deny Allstate Rate Increases

Nov 19 2007 // The Florida Office of Insurance Regulation issued Notices of Intent to disapprove five rate filings submitted by Allstate Floridian Insurance Co., Allstate Floridian Indemnity Co., Encompass Floridian Insurance Co., and...

Calif. Workers’ Comp Premium Rates Declining

Nov 18 2007 // The Workers Compensation Insurance Rating Bureau of California reported written premium for the first six months of 2007 at an estimated $6.9 billion, approximately 23 percent below the written premium reported for the...

New Players Enter the E&O Market … But Some Agents May Not See Rates Decline

Nov 18 2007 // Despite a rosier outlook in the agents’ errors and omissions (E&O) insurance market compared with years past, many insurance agents still faced rate increases in their E&O coverage in 2007 and anticipate...

Watson Wyatt: P/C Market to Remain Soft in 2008

Nov 16 2007 // The market for property and casualty insurance will stay soft in 2008, as premiums are expected to either decline or remain flat, according to actuarial and risk management experts at global consulting firm, Watson Wyatt...

Rate Increase OK’d for Texas Windstorm Insurance Association

Nov 16 2007 // Texas Windstorm Insurance Association policyholders’ rates will go up begining Feb. 1, 2008, as a result of rate increases approved by the Texas Department of Insurance yesterday.Texas Insurance Commissioner Mike...

Mercury General Net Premiums Down in Q3, But Up in Calif.

Nov 7 2007 // Mercury General Corp., reported net income of $63.3 million in the third quarter of 2007, compared with $68.2 million for the same period in 2006. For the first nine months of 2007, net income was $193.2 million compared...

W. Va.Counties Face Daunting Public Employee Insurance Rate Hikes

Nov 7 2007 // County officials statewide hope a series of public hearings that began Monday will highlight the threat a string of double-digit health care premium increases pose to their budgets.The 41 counties that cover their workers...

Calif. Workers’ Comp Insurance Rating Bureau: Premium Rates Declining

Nov 6 2007 // The Workers Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through June 30, 2007.According to the report, California written premium reported for...

N.D. Regulator Approves 9.9 Percent Hike in Rates for Blues

Nov 5 2007 // Many of the 325,000 North Dakotans insured under Blue Cross Blue Shield will see a rate increase of just under 10 percent next year. Insurance Commissioner Adam Hamm said he approved the 9.9 percent increase after Blue...