Latest Pricing Trends Headlines

All the headlines from our Pricing Trends Topic Page, ordered by recency.

California Commissioner Recommends 20.9 Percent Decrease in Workers’ Comp Rates

May 28 2004 // California Insurance Commissioner John Garamendi has recommended that California workers’ compensation insurers lower their rates by 20.9 percent for policies issued or renewed on or after July 1, 2004....

Zenith Files 10% Reduction in Calif. Workers’ Comp Rates

May 27 2004 // Zenith National Insurance Corp. reported that its wholly-owned subsidiary, Zenith Insurance Company, has filed with the California Department of Insurance its workers’ compensation rates for use on or after July 1,...

First Premium Insurance Group Unveils ‘Supplemental Natural Disaster Protection’

May 21 2004 // First Premium Insurance Group (FPIG) has introduced its new Supplemental Natural Disaster Protection (SNDP) program.The program pays directly to your insureds the monthly sum they select should their home become...

N.Y. Businesses ‘Stunned’ by 29% Comp Rate Hike Bid

May 21 2004 // A recommendation from the New York Compensation Insurance Rating Board (CIRB) to increase employers’ average workers’ compensation premiums by 29 percent is “stunning and frightening,” according to...

PIA Calls on All State Departments to Protect Returning U.S. Soldiers from Rate Hikes, Coverage Denials

May 19 2004 // The National Association of Professional Insurance Agents (PIA) on Wednesday called on the commissioners of insurance in all 50 states to immediately make it clear that no insurance company should deny auto coverage to...

Malpractice Rates Rise for Many Wyoming Doctors

May 17 2004 // One of Wyoming’s major malpractice insurance providers has been granted an 11.9 percent increase in rates charged to doctors.The Doctors Co., which is based in Napa, Calif., and serves 31 percent of the state’s...

WCIRB Submits Evaluation of SB 899 and Proposed Reduction in Pure Premium Rates

May 14 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 (SB 899) and the...

WCIRB to Propose a Reduction in Pure Premium Rates

May 12 2004 // The California Workers’ Compensation Insurance Rating Bureau’s (WCIRB) Governing Committee approved the submission of a proposed reduction in pure premium rates to be effective on policies incepting on or after...

Argonaut’s Earned Premiums Up, Combined Ratio Down for Q1 2004

May 6 2004 // San Antonio-based Argonaut Group Inc. announced financial results for the three months ended March 31, 2004, reporting that earned premium rose and its combined ratio decreased from the same quarter in 2003. Net income was...

Fisher Approves Rate Hike for Med-Mal Insurer

Apr 22 2004 // Insurance Commissioner Carroll Fisher recently announced that a request for a rate hike by Oklahoma’s third largest writer of medical malpractice insurance has been approved.The Oklahoma Insurance Department reported...

Study Shows Commercial Property, GL Rates Falling

Apr 21 2004 // The costs for two major commercial lines insurance fell in the first quarter of 2004, according to a RIMS Benchmark Survey.In the first quarter of 2004, premium prices for property insurance fell by about 1.5 percent....

High Houston Crash Rate Drives Up Insurance Costs

Apr 20 2004 // The Houston area far exceeds the national average in the number of serious traffic collisions, contributing to skyrocketing medical costs and giving Harris County the most expensive auto insurance rates in Texas, according...

Texas Med-Mal Insurer Plans Rate Hike

Apr 13 2004 // A large medical malpractice insurer plans to bypass Texas regulators in order to raise insurance rates for doctors, the Associated Press reported.GE Medical Protective will increase the cost of premiums 10 percent on June...

State Farm Condo Insurance Rates to Increase in Nev.

Apr 13 2004 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved the request of State Farm Fire and Casualty Company for an overall statewide average increase of 28.8 percent for rental condominium unitowners insurance,...

N.D. SHOOTS FOR 4% COMP RATE HIKE:

Apr 5 2004 // To counteract the steep rise in medical and prescription drug costs, the North Dakota Workforce Safety and Insurance’s (WSI) board of directors authorized the agency to go forward with a proposal for a slight premium...

Tenn. Commissioner Unveils Bulletin for Insurers on Rate Increase Notification

Apr 5 2004 // Tennessee Insurance Commissioner Paula Flowers has issued a new bulletin cautioning that Tennessee insurers must notify their policyholders about rate or rate factor increases on Commercial Risk policies.The Department of...

I.I.I. Reports Auto Insurance Rate Increases Dropping By More than Half

Mar 30 2004 // The cost of auto insurance is expected to rise by 3.5 percent in 2004, the smallest increase in four years, according to the Insurance Information Institute (I.I.I.).The declining number of auto accidents due to better...

Nevada Rate Increase Sought by Malpractice Insurance Company

Mar 26 2004 // Medical Protective Co., which provides malpractice insurance for 200 doctors located mainly in southern Nevada, has filed for a 24 percent rate increase.The state Insurance Division says MedPro wants the increase to take...

N.D. Shoots for 4% Comp Rate Hike

Mar 22 2004 // To counteract the steep rise in medical and prescription drug costs, the North Dakota Workforce Safety and Insurance’s (WSI) board of directors authorized the agency to go forward with a proposal for a slight premium...

Auto Club’s Affiliate Files for 5 Percent Rate Reduction

Mar 22 2004 // The Interinsurance Exchange of the Auto Club filed with the state Department of Insurance for an overall 5 percent reduction in its California auto insurance rates. The rate reduction should save Auto Club policyholders an...