Latest Pricing Trends Headlines

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

10 Mass. AG opposes FAIR Plan rate hike

Sep 25 2006 // Reilly goes to court to block 12.4% rate hike10 Carbon neutral agent in Virginia Rutherfoord of Roanoke goes green10 Command performance in N.Y.Insurance mobile unit named best practice12 Conn. caught up in coastal...

Mass. AG Reilly opposes FAIR Plan rate hike

Sep 25 2006 // Massachusetts Attorney General Tom Reilly has decided to appeal Insurance Commissioner Julianne Bowler’s order allowing the state’s insurer of last resort — the FAIR Plan — to raise home insurance...

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...

Surplus Lines Premium Volume Shows Little Growth

Sep 19 2006 // Direct premium volume for the surplus lines insurance market remained relatively flat in 2005 as it did in 2004, after growing significantly during the three prior calendar years.The significant growth had been a...

FBI: Overall N.Y. Crime Rate Continues Decline; Car Thefts Down 13%

Sep 18 2006 // Overall crime rates continued to decline in New York during 2005 as vehicle thefts dropped almost 13 percent and robberies edged up from 2004, according to a Federal Bureau of Investigation report.The rate of violent crime...

Calif. Workers’ Comp Rating Bureau Proposes Rate Decrease

Sep 15 2006 // California’s Workers’ Compensation Insurance Rating Board has proposed a 6.3 percent reduction in the pure premium rate.On August 16, 2006, the WCIRB submitted its Jan. 1, 2007 pure premium rate filing to the...

Two Calif. Insurers File For Rate Reductions

Sep 15 2006 // Two insurers have filed for rate decreases in California. According to the California Department of Insurance, 21st Century, the state’s fifth largest auto insurer, with more than 740,000 policy holders, is seeking a...

Businesses Help Bring Down Hawaii Workers’ Comp Insurance Rates

Sep 12 2006 // The Hawaii Department of Commerce and Consumer Affairs’ Insurance Division announced that the National Council on Compensation Insurance (NCCI) has filed a request for a decrease of 12.3 percent in the workers’...

Hiscox 1H Premiums Up; Profits Down; Plans Bermuda Move

Sep 12 2006 // U.K.-based specialty and Lloyd’s insurer Hiscox plc posted a mixed first half performance. According to its recently published statement gross premiums written rose 43 percent to £625.1 million ($1.167 billion)...

Mass. AG Reilly Opposes FAIR Plan’s 12% Rate Hike

Sep 10 2006 // Massachusetts Attorney General Tom Reilly has decided to appeal Insurance Commissioner Julianne Bowler’s order allowing the state’s insurer of last resort — the FAIR Plan — to raise home insurance premiums...

Guy Carpenter Study Shows Big Rate Increases in U.S., Mexico

Sep 8 2006 // On the eve of the Reinsurance Rendezvous in Monte Carlo, Guy Carpenter & Company, the risk and reinsurance specialist of the Marsh & McLennan Companies has published its annual, comprehensive study of the global...

State Farm Files for Double-Digit Homeowners Rate Decrease

Sep 6 2006 // California’s largest homeowners insurance company has requested at 10.6 percent reduction in homeowners’ insurance rates for its 1.2 million policyholders in California, according to the Department of...

Chubb, State Farm reducing auto rates in California

Sep 4 2006 // State Farm Insurance, California’s largest auto insurer, has applied for an 8 percent average reduction for its policyholders while simultaneously implementing new auto rate regulations, according to the Department...

Fla. Workers Comp Insurers File for 13.3% Rate Reduction

Aug 29 2006 // Workers compensation insurers have filed to reduce rates in Florida an average 13.3 percent statewide next year.Florida Insurance Commissioner Kevin McCarty said the cut, if approved, would produce a savings of over $400...

Fla. Sets Hearings on Home Insurers’ Rate Hikes

Aug 23 2006 // The Florida Office of Insurance Regulation has scheduled public hearings on rate filings submitted by First Home Insurance Company, Metropolitan Casualty Insurance Company, Southern Fidelity Insurance Company, and First...

State Farm Files for Rate Reduction

Aug 18 2006 // State Farm Insurance, California’s largest auto insurer, has applied for an 8 percent average reduction for its policyholders while simultaneously implementing new auto rate regulations, according to the Department...

Fla. Commissioner Orders Citizens to Reduce Rates in Monroe County

Aug 18 2006 // Florida Insurance Commissioner Kevin McCarty rejected a request by Citizens Property Insurance Corporation (Citizens) to increase rates in Monroe County and ordered it to reduce homeowners insurance rates for the area.By...

USAA Seeks 40% Homeowners Rate Hike in Fla.

Aug 14 2006 // USAA Casualty, which primarily insures military personnel and their families, has asked the state to increase its homeowner and condominium premiums by an average of 40 percent.The company made the request last Friday to...

Mass. FAIR Plan Rate Increases Approved to Start Oct. 1

Aug 14 2006 //

Calif. Approves USAA’s 8 Percent Auto Rate Reduction, Insurers Not Surprised

Aug 10 2006 // California Insurance Commissioner John Garamendi announced that he intends to approve an average 8 percent decrease in premium rates for policyholders of United Services Automobile Association (USAA), a move that the...