All the headlines from our Pricing Trends Topic Page, ordered by recency.
Apr 8 2005 // Insurance Commissioner Julie Benafield Bowman announced new workers’ compensation rates, which will take effect July 1, 2005.“I am happy to see that overall rates in the workers’ compensation market...
Apr 7 2005 // The Maine Joint Committee on Labor, acting in a work session, has approved a bill to increase the state’s premium tax on several property/casualty insurance lines from 2 percent to 2.5 percent in order to fund...
Apr 6 2005 // Florida’s Senate Banking and Insurance Committee has put finishing touches on Senate Bill 1488 that would bring numerous changes to the industry, including, a cap on any rate increase next year by Citizens Property...
Apr 5 2005 // The largest writer of medical malpractice insurance in Massachusetts said it will not have to raise rates this year, after several years of double-digit hikes.ProMutual Group credited “improved financial...
Apr 5 2005 // Insurance Commissioner John Garamendi has approved a -4.2 percent reduction in personal auto policy rates for “loyal” State Farm customers, a savings of more than $110 million for those policyholders.The...
Apr 5 2005 // First Premium Insurance Group, a growing regional property and casualty insurance broker in Covington, La., announced the promotion of Jennifer H. Finnan to personal lines manager. Finnan joined the staff of First Premium...
Apr 5 2005 // The proposal to increase the Maine property/casualty premium tax by 25 percent would make the state less competitive and increase insurance costs for consumers, the American Insurance Association (AIA) said Tuesday in...
Apr 4 2005 // The number of paid workers’ compensation claims fell 22 percent relative to the number of employees from 2000 to 2003, according to a newly released report from the Minnesota Department of Labor and Industry....
Apr 4 2005 // The success or failure of any organization can be traced to customer retention. Agents and carriers who retain the most customers have greater long-term success and profitability than those who consistently lose...
Mar 28 2005 // On March 25, 2005, the WCIRB submitted a filing to the California Insurance Commissioner recommending a 10.4 percent decrease in advisory pure premium rates effective July 1, 2005 on new and renewal policies. The proposed...
Mar 24 2005 // The number of paid workers’ compensation claims fell 22 percent relative to the number of employees from 2000 to 2003, according to a newly released report from the Minnesota Department of Labor and Industry....
Mar 18 2005 // A compromise agreement approving a 2.2 percent average statewide homeowners premium increase has been reached between the North Carolina Insurance Commission and the North Carolina Rate Bureau. The Bureau, an independent...
Mar 16 2005 // The Texas Department of Insurance praised the recent rate reductions filed by the Texas Medical Liability Insurance Underwriting Association, commonly referred to as the Joint Underwriting Association. TDI said in a rate...
Mar 14 2005 // The Washington, D.C.-based American Insurance Association recently voiced strong opposition to Michigan Gov. Jennifer Granholm’s proposal to shift hundreds of millions of dollars in taxes onto the insurance industry,...
Mar 11 2005 // Large medical malpractice verdicts and settlements were not to blame for a rapid increase in insurance premiums for Texas doctors and hospitals, according to a study by law professors at the University of Texas at Austin...
Mar 4 2005 // The Center for Justice & Democracy, a national consumer organization that monitors insurance industry practices, applauded the Washington State Office of the Insurance Commissioner for ordering the state’s...
Feb 25 2005 // The Doctors Company, a physician-owned medical malpractice carrier, will file with the Texas Department of Insurance to decrease its average rate level.Ninety percent of the company’s current Texas insureds will...
Feb 21 2005 // New Hampshire drivers are benefiting from increased competition among auto insurers. Seven of the 11 auto insurance companies that have filed rate change requests with the state so far this year have asked for decreases,...
Feb 21 2005 // The commercial insurance industry experienced a full year of a soft market conditions in 2004, as the last months of the year represented the fourth consecutive quarter of declining prices, according to the RIMS Benchmark...
Feb 21 2005 // The North Carolina Department of Insurance doubts new methodology used by the North Carolina Rate Bureau, which has just requested an 11.5 percent statewide increase in private auto insurance rates. NCRB is an independent...