All the headlines from our Pricing Trends Topic Page, ordered by recency.
Jul 14 2004 // The average medical payment for workers’ compensation claims in Pennsylvania rose nearly 14 percent during the most recent period studied, according to a new study by the Workers Compensation Research Institute...
Jul 9 2004 // The New York State Insurance Department has scheduled a public hearing for Tuesday, July 13, to consider the application of the New York Compensation Insurance Rating Board for a workers’ compensation insurance...
Jul 9 2004 // Insurance Commissioner John Garamendi released a statutorily mandated report on the State Compensation Insurance Fund’s (SCIF’s) potential to reduce workers’ comp rates based on his review of its...
Jul 5 2004 // Like a commercial airline scrambling to squeeze out a profit in the face of increased competition and skyrocketing fuel prices, many insurance agents find themselves caught in the downward spiral of another soft market...
Jul 5 2004 // Swiss Re’s chief economist believes that strong economic growth, coupled with a slight uptick in inflation, will force the Federal Reserve to raise the federal funds rate to close to 2 percent by the end of...
Jul 5 2004 // Over the period 1989 through 2001, the property/casualty insurance marketplace saw direct written premium grow from $228 billion to nearly $362 billion. This represented a compound rate of increase of approximately 4...
Jul 1 2004 // New York State Insurance Department Superintendent of Insurance Gregory V. Serio today announced that the majority of New York State’s 50,000 actively practicing physicians will see a seven percent rate increase in...
Jun 30 2004 // Maryland medical malpractice insurer, GE Medical Protective Co., has obtained approval for a 59.6 percent rate increase on its medical professional liability policies, slightly less than it had requested. GE Medical had...
Jun 28 2004 // Despite reductions in workers’ comp insurance premiums, California lawmakers will continue to debate the merits of rate regulation.After years of double-digit rate increases, many companies have filed with the...
Jun 21 2004 // The North Dakota Workforce Safety and Insurance (WSI) board of directors has authorized a premium increase for workers’ compensation coverage beginning July 1, 2004, according to a WSI statement. The rate increase is...
Jun 21 2004 // West Bend is far from the only Wisconsin-based regional mutual insurer making a mark. The CEO of Appleton, Wis.-based SECURA Insurance Cos., John Bykowski, took some time recently to talk with IJ during the Independent...
Jun 21 2004 // State Compensation Insurance Fund announced a seven percent rate decrease on new and renewal policies with an effective date on or after July 1, 2004. The decrease is a result of the cost saving reforms adopted by the...
Jun 18 2004 // The CEO of Appleton, Wis.-based SECURA Insurance Cos., John Bykowski, took some time recently to talk with IJ during the Independent Insurance Agents of Wisconsin’s annual convention. SECURA has total assets of $406...
Jun 17 2004 // A Standard & Poor’s survey found that two-thirds of insurance executives and analysts believe the recent mergers of St. Pauls/ Travelers and John Hancock/ Manulife indicate heightened industry consolidation...
Jun 17 2004 // Texas Lt. Governor David Dewhurst has reportedly taken State Farm and Farmers to task for not lowering their homeowners rates in the state at a faster pace and contesting the decreases in court.A report in the Houston...
Jun 10 2004 // Dallas-based MarketScout recently released its Market Barometer for May. Market Barometer for May MarketScout’s Market Barometer According to Richard Kerr, chairman and CEO, “The composite premium increase for...
Jun 7 2004 // Medical malpractice insurance rates are on the rise in Wyoming, and lawmakers anticipate being called into a special legislative session this summer to address the issue.The Doctors Co., which insures about 30 percent of...
Jun 7 2004 // At the California Department of Insurance (CDI) public hearing on May 13, the WCIRB submitted its July 1, 2004 regulatory filing reflecting the WCIRB’s analysis of the provisions of Senate Bill 899 and the impact of...
Jun 4 2004 // Insurance Commissioner John Garamendi approved the Automoblie Club of Southern California’s filing to reduce its insurance affiliate’s policy premiums by five percent.The filing, officially made by the...
Jun 1 2004 // The North Dakota Workforce Safety and Insurance (WSI) board of directors has authorized a premium increase for workers’ compensation coverage beginning July 1, 2004, according to a WSI statement. The rate increase is...