All the headlines from our Pricing Trends Topic Page, ordered by recency.
Jan 27 2004 // Directors and officers (D&O) liability insurance premiums grew approximately 33 percent on average from 2002 to 2003, according to the Tillinghast business of Towers Perrin’s 2003 Directors & Officers...
Jan 26 2004 // 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. The survey reveals that the...
Jan 26 2004 // As you have no doubt heard by now, this hard market is not just longer; it is fundamentally different. It is by all reports the most moderate in memory, characterized by fewer and less dramatic disruptions of normal market...
Jan 23 2004 // The Texas Fair Access to Insurance Requirements (FAIR) Plan Association requested that the Texas Department of Insurance allow the Plan to increase homeowners insurance rates by an average of 12 percent statewide in order...
Jan 22 2004 // Commercial insurance buyers say the cost of property insurance fell 8.8 percent in the fourth quarter of 2003 marking the first decline in premium prices in any major line of commercial insurance in nearly four years,...
Jan 12 2004 // State Compensation Insurance Fund—California’s largest workers’ compensation insurance carrier—has filed for an average 2.9 percent rate decrease effective Jan. 1, 2004. The decrease is within the range...
Jan 12 2004 // Insurance Commissioner John Garamendi announced that workers’ compensation pure premium rates filed by insurers to date are below current rates by an average 3.6 percent, a “clear sign” that the historic...
Jan 12 2004 // North Carolina Insurance Commissioner Jim Long recently received word that the North Carolina Court of Appeals has largely upheld his order in the 2001 auto insurance rate case to force insurance companies to drop rates by...
Jan 12 2004 // The Washington Department of Labor and Industries announced a 9.8 percent general rate increase in workers’ compensation premiums, effective Jan. 1, 2004.Even with this rate increase, next year’s average rates...
Jan 6 2004 // Massachusetts’ Attorney General Tom Reilly is appealing the Division of Insurance’s December 15 ruling, arguing that a 2.5 percent increase in the cost of auto insurance is unwarranted and will result in close...
Jan 2 2004 // The Board of Directors of the National Insurance Producer Registry (NIPR) announced a 10 percent reduction in prices on all NIPR products effective Jan. 1, 2004, bringing unexpected savings to insurers, producers and...
Dec 23 2003 // The California housing market is poised to finish 2003 by setting new records across the board for the second consecutive year, according to a report, “State of the Housing Market 2003,” from the California...
Dec 23 2003 // According to a report released by the Insurance Services Office Inc. (ISO) and the National Association of Independent Insurers, the U.S. property/casualty industry’s net income after taxes increased to $21.1 billion...
Dec 15 2003 // Oklahoma Insurance Commissioner Carroll Fisher cut the rate increase requested by Physicians Liability Insurance Co. (PLICO) for its medical malpractice policies, but the company still received the okay to potentially...
Dec 9 2003 // Disasters, both natural and man-made, as well as mold, construction defect and a recent hard market have impacted the U.S. economy and the insurance industry as a whole, according to a leading property/casualty...
Dec 4 2003 // State Compensation Insurance Fund – California’s largest workers’ compensation insurance carrier – has filed for an average 2.9 percent rate decrease effective Jan. 1 2004. The decrease is within...
Dec 4 2003 // Insurance Commissioner John Garamendi announced that workers’ compensation pure premium rates filed by insurers to date are below current rates by an average 3.6 percent, a “clear sign” that the historic...
Dec 3 2003 // The Department of Labor and Industries announced a 9.8 percent general rate increase in workers’ compensation premiums, effective Jan. 1, 2004.Even with this rate increase, next year’s average rates will be...
Dec 3 2003 // State Compensation Insurance Fund – California’s largest workers’ compensation insurance carrier – has filed for an average 2.9 percent rate decrease effective Jan. 1 2004. The decrease is within...
Dec 3 2003 // Standard & Poor’s Ratings Services announced that it has assigned its ‘BBB’ counterparty credit rating to The Commerce Group, Inc. and its ‘BBB’ senior debt rating to CGI’s proposed...