All the headlines from our Pricing Trends Topic Page, ordered by recency.
Jan 25 2005 // Itasca, Ill.-based brokerage Arthur J. Gallagher & Co. reported fourth-quarter net income of $49.1 million, down from $49.2 million a year ago, though revenue was up 6 percent to $386.9 million. The results fell short...
Jan 19 2005 // The global insurance market finally emerged at the beginning of 2004 from one of the most intense hard markets for decades, according to a new report issued by Willis titled “International Liability Market...
Jan 19 2005 // The overall property/casualty market grew 9.5 percent in 2003, and independent agents and brokers produced 59.4 percent of this market, according to “The 2003 Property Casualty Insurance Market” report recently...
Jan 19 2005 // Applied Underwriters, a provider in integrated workers’ compensation solutions, adopted the January rate reduction recommended by the California Workers Compensation Insurance Rating Bureau. After a strong 2004,...
Jan 17 2005 // Liberty Mutual has asked the Florida Department of Insurance Regulation to approve a 22.3 percent rate increase. If approved, the increase would take effect March 14 for new customers and May 4 for renewals. Liberty Mutual...
Jan 14 2005 // Although information filed by Citizens Property Insurance Corp. with Florida regulators to request rate increases was correct, information provided to the public and media was incorrect, according to Justin Glover,...
Jan 14 2005 // MarketScout reported recently that calendar year 2004 will end with an average 2 percent increase in composite property and casualty premiums. The year began in January 2004 with increases averaging 11 percent, a major...
Jan 14 2005 // Senate Republicans made workers’ compensation the first order of business last Wednesday, hearing testimony on a proposed bill that would reduce the number of injured workers eligible for benefits.Missouri’s...
Jan 11 2005 // Teaming up to challenge the near doubling of medical malpractice insurance premiums by GE Medical Protective, Connecticut Attorney General Richard Blumenthal, the Connecticut State Medical Society and the Connecticut Trial...
Jan 11 2005 // Oklahoma vehicle owners could combat an April 1 increase in auto insurance rates if a bill proposed by Rep. Jerry Shoemake (D-Morris) passes the Oklahoma Legislature.Shoemake has filed a petition to override a law,...
Jan 5 2005 // Thirteen Florida insurance companies have requested 11 to 60 percent premium rate increases from the Florida Office of Insurance Regulation (OIR). Regulators will be reviewing the requests this month and will either...
Jan 3 2005 // Each year the Insurance Information Institute invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the current and coming year. This year, III invited experts...
Dec 30 2004 // The New York State Insurance Department has scheduled a public hearing for Friday, Jan. 7, 2005 to consider the application of the New York Compensation Insurance Rating Board for a workers’ compensation insurance...
Dec 29 2004 // The Illinois Division of Insurance has approved a 0.1% increase in the advisory rate for workers’ compensation insurance in Illinois for 2005—that’s one-tenth of 1 percent. For comparison’s sake, the...
Dec 28 2004 // MetLife Auto and Home Insurance is the latest company in Florida to request permission to raise its rates, citing non-hurricane-related losses and asking to increase policyholder’s premiums by an average of 17...
Dec 20 2004 // Homeowners who buy insurance from independent insurance agents in Texas should be seeing lower premiums and better coverages, according to a survey conducted by the Independent Insurance Agents of Texas of its 1,800-member...
Dec 20 2004 // Independent agents and brokers in New York see premium rates continuing to increase and coverage choices failing to improve for most lines of property casualty insurance in the state despite industry and press reports to...
Dec 20 2004 // Florida homeowners can expect an 8.3 percent statewide increase in the cost of homeowner’s insurance according to Bob Lotane, spokesman for the Florida Office of Insurance Regulation. He said worst hit areas will...
Dec 17 2004 // Michigan Gov. Jennifer Granholm on Friday announced that Michigan’s business climate will benefit from an expected drop in the Workers’ Compensation insurance rates by an average 11.2 percent in 2005. Granholm...
Dec 17 2004 // South Carolina’s new flex-rating law for personal lines property insurance is already helping to bring lower premiums to many homeowners, according to the Property Casualty Insurers Association of America (PCI).State...