Latest Pricing Trends Headlines

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

Allstate Floridian Reduces Rate Increase Request

Nov 10 2006 // Allstate Floridian Insurance, the state’s third largest home insurer, is lowering its proposed rate increase in the face of resistance from state regulators.The company said that it was still seeking a rate increase,...

Commercial Premiums, Except Coastal Property, Continued Falling in 3Q

Nov 7 2006 // Commercial insurance premiums fell slightly in the third quarter of this year, representing a continuation of the trends that occurred in the past two quarters, according to the RIMS Benchmark Survey, which surveys current...

Consumer group says property-casualty rates drop ‘irrespective’ of tort reform enactment

Nov 6 2006 // There is continuing evidence that the skyrocketing insurance rates of 2000 to 2003 have led to record industry profits, but commercial insurance rates have stabilized or dropped in almost every sector, including medical...

Calif. auto body regulations would increase rates

Nov 6 2006 // California policyholders would see their automobile insurance premiums increase, under proposed Department of Insurance regulations that mandate payments to auto body shops for insured repair work, according to three...

Survey: Commercial market softens, insurer appetite increases

Nov 6 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...

Survey: Commercial market softens, insurer appetite increases

Nov 5 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...

Consumer group says property-casualty rates drop ‘irrespective’ of tort reform enactment

Nov 5 2006 // There is continuing evidence that the skyrocketing insurance rates of 2000 to 2003 have led to record industry profits, but commercial insurance rates have stabilized or dropped in almost every sector, including medical...

Texas Occupational Injury, Illness Rate Declines Slightly in 2005

Oct 26 2006 //

Consumer Group Says P/C Rates Drop ‘Irrespective’ of Tort Reform Enactment

Oct 26 2006 // The latest insurance industry data show continuing evidence that the skyrocketing insurance rates of 2000 to 2003 have led to record industry profits but commercial insurance rates have stabilized or dropped in almost...

Rate Reductions Approved for MiniCo Self-Storage Program

Oct 26 2006 // MiniCo Insurance has received approval for rate reductions in seven states for self-storage risks eligible for the MiniCo self-storage specialty insurance program. The seven states are Idaho, Indiana, Iowa, Kansas,...

Rate Reductions Approved in Midwest for MiniCo Self-Storage Program

Oct 25 2006 // Mike Schofield, president of Phoenix, Ariz.-based MiniCo Insurance, recently announced that the company has received approval for rate reductions in seven states for self-storage risks eligible for the MiniCo self-storage...

Pricing plays catch-up with evolving homeowners market

Oct 23 2006 // Many single-family homes today look more and more like grand estates than the simple boxy houses with attached garages that were abundant not so long ago. Homes are much larger and more customized compared to 20 or 30...

Survey: Commercial Market Softens, Insurer Appetite Increases

Oct 19 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...

S.C. Workers’ Comp Said to be in Crisis as Rates Rise Again

Oct 13 2006 // Workers compensation loss costs may increase by 18.4 percent for businesses in South Carolina effective Dec. 1, 2006.Robert Herlong, vice president and regional manager for Property Casualty Insurers of America, said South...

Soft Market, Globalization Spurs Need for Well-Educated D&O Underwriter

Oct 6 2006 // “Today it’s a tough time to be a director and officer, and that means it’s a tough time to be a D&O underwriter,” according to Doug Poetzsch, senior vice president, head of specialty claims for...

Citizens Seeks Rate Reductions Linked to Sinkhole Exclusion

Oct 3 2006 // Citizens Property Insurance Corporation has filed a proposal that could reduce rates up to 43 percent for policyholders in the most sinkhole prone counties who opt out of buying coverage for sinkhole related claims next...

Citizens’ Rates for Fla. Keys Homes Going Down, Mobile Homes Up

Oct 2 2006 // Florida Insurance Commissioner Kevin McCarty and Citizens Property Insurance Corp. have agreed on property insurance rate changes – including an average 35 percent decrease for homes and a 15.2 percent increase for...

Mass. Auto Rates Would Fall from 8% to 18% Under Latest Proposals

Sep 28 2006 // The two parties representing consumers have recommended that Massachusetts auto insurance rates be slashed next year — as much as 18 percent.The State Rating Bureau, a unit of the Division of Insurance, is calling...

Hawaii, Washington, Wyoming bringing down workers’ comp rates

Sep 25 2006 // Hawaii, Washington and Wyoming proposed lowering workers’ compensation rates in their states from 2 percent to 12.3 percent.The Hawaii Department of Commerce and Consumer Affairs’ Insurance Division announced...

Risk retention group 2005 premium grows 11.5% to $2.4 billion

Sep 25 2006 // Despite the softening property/casualty market, commercial insureds who find liability insurance unavailable or unaffordable, as well as those who desire stability and control of their liability programs, continue to...