All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
Feb 21 2005 // The start of 2004 was a testing time for the global D&O market, reports Willis’ Directors & Officers Index which asked participating insurers for their views about the past three and next three months....
Feb 21 2005 // Insurance Journal recently surveyed several surplus line associations regarding their thoughts on the current atmosphere of the surplus lines marketplace, and their expectations into 2005. Executive director Ted Pierce of...
Feb 16 2005 // The Medical Protective Company (Medical Protective), a large admitted primary medical professional liability insurer in Texas, announced it has no plans to take an overall rate increase in the state in 2005.President and...
Feb 14 2005 // Six months after four hurricanes tore through Florida, more than 532,000 mobile home owners in the state could soon face costly premium increases or lose coverage according to Sam Miller, executive vice president of the...
Feb 10 2005 // State Insurance Commissioner Kevin McCarthy has asked property insurance companies to delay filing for rate increases until after the upcoming legislative session ends in early May. In addition to postponing new filings...
Feb 9 2005 // The cost of auto insurance is expected to rise by just 1.5 percent in 2005, the smallest increase in five years, reports the Insurance Information Institute.The average cost for auto insurance nationwide for 2005 is...
Feb 9 2005 // Dallas-based MarketScout (www.marketscout.com) reported this week that January 2005 property and casualty rates increased by a composite rate of 1%. According to Richard Kerr, chairman and CEO of MarketScout, “The...