All the headlines from our Pricing Trends Topic Page, ordered by recency.
Nov 5 2004 // The Oklahoma Insurance Department reported that a requested rate increase for medical professional liability insurance carrier NCMIC Insurance Company has been approved. NCMIC applied for a rate increase in August 2004,...
Nov 1 2004 // Nevada Insurance Commissioner Alice Molasky-Arman has denied the request of the Progressive Companies that are marketed through independent agents for a 5.3 percent increase in auto insurance rates. This filing would have...
Oct 28 2004 // Results from 2004’s first nine months indicate Missouri should post its lowest rate of premium increases for workers’ compensation insurance since 2000, according to Department of Insurance Director Scott...
Oct 25 2004 // In its market barometer update for the month of September, MarketScout CEO Richard Kerr said the hurricane season losses will put a halt to property rate reductions. “In fact,” he said, “we anticipate...
Oct 25 2004 // KPMG LLP, the audit, tax and advisory firm, conducted a real-time survey at its 16th annual insurance industry conference held Sept. 27-28. Even before the full impact of the recent hurricane activity was known, the...
Oct 20 2004 // Commercial property/casualty insurance premiums continued to decline significantly during the third quarter of this year, with two-thirds of all large and medium accounts experiencing drops of up to 20 percent and an...
Oct 13 2004 // The trend of high insurance rates experienced by hospital professionals and physicians over the past three years shows signs of slowing in 2005, according to a study released today by Aon risk services experts.Aon’s...
Oct 12 2004 // With the issue of medical malpractice and “tort reform” becoming an increasingly discussed topic this election year, Americans for Insurance Reform (AIR) announced the release of a new study of medical...
Oct 11 2004 // At a Department of Insurance rate hearing in San Francisco on Sept. 15, the Workers’ Compensation Insurance Rating Bureau recommended that insurers raise workers’ comp rates by 3.5 percent in January 2005....
Oct 11 2004 // A special report released by A.M. Best Co. concludes that at the end of 2003, direct premium volume for the surplus lines industry increased by about 28 percent over the prior year, which followed an estimated 62 percent...
Oct 11 2004 // Some southern Louisiana residents will see average rate hikes of 27 percent for homeowners insurance and some may pay 50 percent more, as a result of the Louisiana Insurance Rating Commission’s approval of a new...
Oct 11 2004 // When each company is permitted to develop its own area rating maps, slicing the state into as many as 50 unique pieces, it seems likely that chaos will follow. Yes, the rating territories need some serious tweaking to...
Oct 4 2004 // The year ahead could be a shocker for homeowners in Florida, a state accustomed to skyrocketing insurance rates, due to the recent barrage of hurricanes that hit the state.To keep insurance companies in town and writing...
Oct 4 2004 // Homeowners in southern Louisiana who cannot obtain private insurance face average rate hikes of 27 percent to get coverage, although some may pay 50 percent more, according to reports from The Advocate and the Associated...
Oct 1 2004 // MarketScout recently released its market barometer update for the month of September. According to Richard Kerr, chairman and CEO of MarketScout: “Estimated total insured losses for the 2004 hurricane season will...
Sep 29 2004 // Even before the full impact of the recent hurricane activity is known, the majority of the 150 senior insurance executives surveyed are less optimistic about premium growth and the industry’s ability to increase...
Sep 22 2004 // Workers’ compensation writers in New Hampshire want an average 2.5 percent hike for voluntary market advisory loss costs and a 12.7 percent average increase for residual market premiums, according to the most recent...
Sep 21 2004 // A special report released by A.M. Best Co. concludes that at the end of 2003, direct premium volume for the surplus lines industry increased by approximately 28 percent over the prior year, which followed an estimated 62...
Sep 20 2004 // A request by Massachusetts agents for a 32 percent boost in commissions brings the overall private passenger auto insurance rate hike sought by the industry for 2005 to 9.3 percent, up from the original 5.8 percent figure,...
Sep 20 2004 // Oklahoma Gov. Brad Henry urged state regulators to reject a proposed increase in workers’ compensation insurance rates, citing a new actuarial report that indicates a rate hike is not necessary. Oklahoma Attorney...