All the headlines from our Pricing Trends Topic Page, ordered by recency.
Jan 17 2008 // Average prices for all lines of commercial insurance decreased 4 percent to 5 percent between 2006 and 2007, according to Towers Perrin’s commercial insurance pricing study. More specifically, the survey data for the...
Jan 13 2008 // Crime rates dropped for the first time in two years, according to a newly released report of the most recent data collected by the Federal Bureau of Investigation. Nationwide, violent crime fell 1.8 percent and property...
Jan 13 2008 // For contractor Paige Smith of Neuse Tile Service Inc. in Youngsville, N.C., the increase in cold calls she is receiving from insurance agents is a sure sign of the industry’s softening market. A couple times a month...
Jan 8 2008 // On New Year’s Eve, the Florida Office of Insurance Regulation released its annual report on the state of the market for workers’ compensation insurance to the Florida Legislature.The report analyzes the...
Dec 27 2007 // A proposed 4.6 percent average statewide increase for homeowners insurance by The Travelers Companies Inc., was rejected last week by Florida’s insurance commissioner.Kevin McCarty notified Travelers that its request...
Dec 23 2007 // In 2007, buyers of insurance reaped in the rewards of a soft insurance market. But for agents and brokers the soft market meant lower premiums, lower commissions and a battle to retain renewal business. Will 2008 bring...
Dec 23 2007 // The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of...
Dec 21 2007 // At its final meeting on Dec. 19, the Louisiana Insurance Rating Commission – which will officially be abolished next month – approved homeowners rate increases for two insurance carriers.The Legislature...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...