All the headlines from our Pricing Trends Topic Page, ordered by recency.
Sep 19 2007 // Oregon’s Department of Consumer and Business Services has announced it is decreasing the workers’ compensation pur premium rate in 2008 by 2.3 percent. Meanwhile, the workers’ comp premium assessment,...
Sep 19 2007 // A.M. Best has just released a study of the Canadian insurance market, which found that the country’s P/C insurers enjoyed “another solid year,” from profitable underwriting aided by investment income and...
Sep 14 2007 // Florida Insurance Commissioner Kevin McCarty denied eight rate filings submitted by insurance companies of The Hartford Financial Services Group.The filings submitted were not actuarially justified and lacked supporting...
Sep 14 2007 // In a step seen to indicate further stabilization of the Mississippi insurance market, Commissioner of Insurance George Dale announced that he has approved two rate filing reduction requests filed by Mississippi Farm Bureau...
Sep 12 2007 // Premiums for employer-sponsored health insurance rose an average of 6.1 percent in 2007, less than the 7.7 percent increase reported last year but still higher than the increase in workers’ wages (3.7 percent) or the...
Sep 10 2007 // Washington’s Department of Labor and Industries has proposed raising workers’ compensation rates 3.2 percent in 2008, with the average premium increasing by just more than 2 cents per hour worked. L&I...
Sep 6 2007 // Guy Carpenter & Company, LLC has published its annual, comprehensive study of the global property catastrophe reinsurance market – “The World Catastrophe Reinsurance Market: New Capital Stabilizes...
Sep 4 2007 // As Labor Day tourists take an end-of-summer beach trip, owners of thousands of condominiums that line the Alabama Gulf Coast say they’re getting burned by soaring insurance premiums.Insurance legislation aimed at...
Sep 3 2007 // The California Department of Insurance has announced it has approved GEICO’s 10.8 percent rate reduction in personal auto insurance policies. The reduction should translate into $65.8 million in overall savings for...
Sep 3 2007 // The California Department of Insurance has announced it has approved GEICO’s 10.8 percent rate reduction in personal auto insurance policies. The reduction should translate into $65.8 million in overall savings for...
Aug 29 2007 // Driven by significant declines in claim frequency and improvement in loss development (i.e., claims are developing to a lower ultimate value) the National Council on Compensation Insurance is proposing that Florida...
Aug 22 2007 // France’s SCOR Group has turned in a good first half performance, even before absorbing Swiss reinsurer Converium AG. The reinsurer announced that gross written premiums for the first half of 2007 rose to €2.124...
Aug 22 2007 // Allstate Texas Lloyds on Aug. 20 announced two filings that would raise its homeowners insurance rates in Texas by 5.9 percent and 2.1 percent, but Texas Insurance Commissioner Mike Geeslin immediately moved to block the...
Aug 17 2007 // Louisiana regulators approved a property insurance rate change on Aug. 15, a statewide average rate increase of over 21 percent that will affect roughly 8,500 policyholders. The Louisiana Insurance Rating Commission...
Aug 13 2007 // The Florida Office of Insurance Regulation disapproved Metropolitan Casualty Insurance Co.’s and Metropolitan Property & Casualty Insurance Co.’s rate filings because they lacked the legally required...
Aug 9 2007 // The Surplus Line Association of California is reporting that premiums in the Golden State are trending down. According to the group, “premiums processed in the first three months of 2007 decreased by 11.75 percent....
Aug 6 2007 // Safety Insurance Group, Inc. reported that its second quarter net income was $22.9 million, or $1.42 per diluted share, compared to $29.1 million, or $1.81 per diluted share, for the comparable 2006 period. Net income for...
Aug 6 2007 // Rates for the South Carolina Wind and Hail Underwriting Association went up an overall 35 percent beginning July 19 under an approval from Scott H. Richardson, director of the South Carolina Department of Insurance.In...
Aug 6 2007 // Texas regulators indicated they would turn down a proposal by Farmers Insurance for a 6.6 percent statewide increase in homeowners rates, so in late July 2007, the company said it will revise its plan. Ben Gonzales, a...
Aug 6 2007 // Jim Armitage of California and Jonathan Geib of Tennessee are among the numerous independent agents who are looking for higher professional liability limits, and why not. Soft market conditions prevail in today’s...