All the headlines from our Pricing Trends Topic Page, ordered by recency.
Jul 18 2005 // Medical malpractice insurance rates rose dramatically during the past five years, but the amount insurers paid out in claims did not, according to a study from a consumer advocacy group. The study, by the Center for...
Jul 11 2005 // Florida Preferred Property Insurance and Old Dominion Insurance have joined the list of insurers asking the Florida Office of Insurance Regulation for permission to increase homeowner and condominium policy rates.Florida...
Jul 6 2005 // A nonprofit company created during Nevada’s medical malpractice crisis in 2002 to provide insurance for doctors will be able to increase its rates by an average of nearly 15 percent.State Insurance Commissioner Alice...
Jul 4 2005 // As the number of risk retention groups has skyrocketed in the past three years, so has the premium generated by these member-owned insurers enabled by the 1986 Liability Risk Retention Act. Since year-end 2001, the number...
Jul 4 2005 // An average 3.8 percent increase in rates for private passenger auto policies insured through the Virginia Automobile Insurance Plan is now in effect. The industry had requested an average 5.5 percent rate increase. The...
Jul 1 2005 // The West Virginia Insurance Commission has received a new private passenger automobile rate filing from Erie Insurance Property and Casualty Company. Erie is requesting approval for a 2.4 percent rate decrease for its...
Jun 29 2005 // Bermuda-based Aspen Insurance Holdings Limited announced that it is updating its guidance relating to annual growth in its gross written premiums for 2005. The company now expects growth between 20 and 25 percent higher...
Jun 29 2005 // The Independent Insurance Agents & Brokers of America testified Tuesday before a Senate committee on the ongoing question of the Premium Reduction Plan (PRP), which potentially opens the door for unqualified and...
Jun 28 2005 // The average cost of an auto insurance policy in Michigan increased 4 percent in 2004, according to a study by the Insurance Institute of Michigan. The average auto insurance premium in 2004 was $1,130, compared to $1,086...
Jun 23 2005 // After an announcement by Allstate Insurance Company early June 23 Florida’s CFO Tom Gallagher issued a highly-critical press release blasting the company for its actions and has instructed Insurance Commissioner...
Jun 21 2005 // Florida’s Chief Financial Officer Tom Gallagher has urged Insurance Commissioner Kevin McCarty to reject a 36.7 percent rate increase request by Cincinnati Indemnity Company/Insurance Company. “After directing...
Jun 20 2005 // The agency that manages North Dakota’s monopoly workers’ compensation system announced that premium rates will rise an average of 2 percent beginning July 1, 2005. The agency, Workforce Safety & Insurance,...
Jun 20 2005 // Three insurance companies have been granted rate decreases by the West Virginia Insurance Comm-ission, including: Erie Insurance Co., 3.1 percent decrease in private passenger auto insurance, goes into effect Aug. 1; State...
Jun 20 2005 // Many workers’ compensation insurers doing business in California are decreasing their rates, evidence that the major reforms enacted last year are taking effect. Insurance Commissioner John Garamendi recently...
Jun 20 2005 // Many workers’ compensation insurers doing business in California are decreasing their rates, evidence that the major reforms enacted last year are taking effect. Insurance Commissioner John Garamendi recently...
Jun 15 2005 // An average 3.8 percent increase in rates for private passenger auto policies insured through the Virginia Automobile Insurance Plan is now in effect. The industry had requested an average 5.5 percent rate increase. The...
Jun 10 2005 // The agency that manages North Dakota’s monopoly workers’ compensation system announced that premium rates will rise an average of 2 percent beginning July 1, 2005. The agency, Workforce Safety & Insurance,...
Jun 8 2005 // The Liquor Liability Joint Underwriting Association of Massachusetts now offers coverage up to $1 million per person and $1 million per occurrence.The previous coverage limit was $500,000 per person and $1 million per...
Jun 6 2005 // Massachusetts Insurance Commissioner Julianne Bowler has approved a 3.0 percent overall average rate reduction in workers’ compensation rates, a savings of $32.6 million in premiums paid by employers. The new rates...
Jun 6 2005 // New permanent disability regulations will reduce the cost of workers’ compensation insurance pure premium rates by anywhere from three to 12 percent, said California Insurance Commissioner John Garamendi in a recent...