All the headlines from our Pricing Trends Topic Page, ordered by recency.
Aug 9 2006 // State Farm announced Tuesday in Charleston, W.Va. it is lowering homeowners insurance rates in West Virginia by an average of 5 percent starting in December.It marked the first time since 1989 that State Farm has won...
Aug 8 2006 // ProAssurance Corporation in Birmingham, Ala. reported net income for the second quarter of 2006 of $30.0 million, or $0.90 per diluted share. For the six months ended June 30, 2006 net income was $167.3 million, or $4.95...
Aug 8 2006 // NYMAGIC, Inc. reported net earnings for the three months ending June 30, 2006 were $6.1 million, or $.67 per diluted share, compared with $5.0 million, or $.56 per diluted share, for the second quarter of 2005. Net...
Aug 7 2006 // Texas insurance officials on July 21 rejected proposed homeowner rate increases by State Farm, the state’s largest home insurer.State Farm had filed for a pair of statewide rate increases on May 31: a 9.1 percent...
Aug 7 2006 // Mississippi Insurance Commissioner George Dale has approved a 90 percent rate increase for homeowner policies provided by the Mississippi Windstorm Underwriting Association.The association, commonly known as the wind pool,...
Aug 7 2006 // Texas insurance officials on July 21 rejected proposed homeowner rate increases by State Farm, the state’s largest home insurer.State Farm had filed for a pair of statewide rate increases on May 31: a 9.1 percent...
Aug 4 2006 // California Insurance Commissioner John Garamendi has issued a statement announcing his intention to review and consider approval of an average 22 percent decrease in homeowners insurance rates for policyholders of United...
Aug 2 2006 // Renaissance Re, Bermuda’s leading property catastrophe reinsurer, posted net income of $130.4 million, or $1.81 per common share, for the second quarter of 2006, compared to net income of $172 million or $2.39 per...
Aug 2 2006 // The Massachusetts Property Insurance Underwriting Association (the Fair Plan) has submitted a rate recommendation revised downward slightly from what the state disapproved on June 30.For all homeowners forms, the residual...
Jul 30 2006 // Mississippi Insurance Commissioner George Dale on Friday approved a 90 percent rate increase for homeowner policies provided by the Mississippi Windstorm Underwriting Association.The association, commonly known as the wind...
Jul 26 2006 // Selective Insurance Group, Inc.has reported its financial results for the second quarter ended June 30, 2006. Compared to the second quarter of 2005, the company said:Net income increased 31%, to $42 million, or $1.36 per...
Jul 26 2006 // ACE Limited has reported net income for the second quarter ended June 30, 2006 of $573 million or $1.72 per common share after payment of preferred dividends, compared with net income of $467 million or $1.58 per share for...
Jul 25 2006 // Nevada Commissioner of Insurance Alice A. Molasky-Arman has approved a rate change for private passenger automobile insurance filed by Progressive Halcyon Insurance Co. Bodily injury liability rates will increase 8...
Jul 24 2006 // Analyzing the economic rhymes and reasons of soft and hard market cycles in the insurance industry would make for a challenging university-level business course. Theories abound on why and when these cycles occur, but no...
Jul 24 2006 // California’s fourth-largest provider of auto insurance has agreed to base its rates on safety and driving frequency rather than primarily on where a driver lives.The plan, to take effect Dec. 1, would cut some $133...
Jul 24 2006 // The biggest increases are in store for coastal Cape Cod, where the Fair Plan has become the leading property insurer rather than the insurer of last resort as intended.News Currents Last summer when the Massachusetts Fair...
Jul 24 2006 // Having quality relationships with clients takes commitment and discipline, but it pays off in reliability and client retention.Analyzing the economic rhymes and reasons of soft and hard market cycles in the insurance...
Jul 24 2006 // California’s fourth-largest provider of auto insurance has agreed to base its rates on safety and driving frequency rather than primarily on where a driver lives.The plan, to take effect Dec. 1, would cut some $133...
Jul 24 2006 // Texas insurance officials on July 21 rejected proposed homeowner rate increases by State Farm, the state’s largest home insurer.State Farm had filed for a pair of statewide rate increases on May 31: a 9.1 percent...
Jul 24 2006 // The Workers’ Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through March 31, 2006, which suggested legislative reforms are...