All the headlines from our Pricing Trends Topic Page, ordered by recency.
Nov 13 2003 // Nevada’s employers should see a drop in their 2004 premiums for workers’ compensation as a result of the filing submitted by the National Council on Compensation Insurance Inc. approved by Nevada Insurance...
Nov 11 2003 // Maine Governor John Baldacci recently announced that the National Council on Compensation Insurance (NCCI) has filed a request to decrease workers’ compensation loss costs for policy year 2004 by an average of 3.3...
Nov 5 2003 // Commercial insurance buyers say the skyrocketing increases in costs of many insurance policies showed signs of stabilizing in the third quarter, according to the RIMS Benchmark Survey, an industry survey of market...
Nov 3 2003 // Ted Pierce, executive director of the Surplus Line Association of California (SLA), released the association’s nine-month total for processed surplus line premium showing an 82 percent increase over the 2002 premium...
Nov 3 2003 // Is the cyclical hard market taking a turn for the soft? According to one expert, that is just what appears to be happening.“The property and casualty insurance market is softening,” Richard Kerr, chairman and...
Nov 3 2003 // Premium financing is an integral part of the insurance process. The premium finance company is the only entity that deals with all the parties involved in an insurance policy. In a marketplace where it is vital that the...
Oct 29 2003 // San Antonio-based Argonaut Group Inc. announced financial results for the three- and nine-month periods ended Sept. 30, 2003.According to the company, highlights for the third quarter of 2003 include: · The...
Oct 28 2003 // The Chubb Corporation reported that net income in the third quarter of 2003 was $259.8 million or $1.37 per share, compared to a net loss of $242.1 million ($1.42 per share) in the third quarter of 2002.Operating income,...
Oct 27 2003 // — Most Customers Rely on Agent’s Expertise —Customer satisfaction with homeowners insurance remains stable despite a sharp hike in premiums, according to the J.D. Power and Associates 2003 Homeowners Insurance...
Oct 27 2003 // The United Services Automobile Association Group, which insures around 91,000 New Jersey drivers, will reportedly begin lowering rates as of the 1st of December. According to a report that appeared in the NJ Star-Ledger,...
Oct 24 2003 // Cincinnati-based specialty insurer The Midland Co. reported net income for the third quarter of $4.3 million, or 23 cents per share, including 4 cents in realized capital gains, compared with a net loss of $2.6 million, or...
Oct 20 2003 // Richard Kerr, chairman and CEO of MarketScout, maintains that the property and casualty insurance market is softening. “As a result, business owners will have more free capital for investing. A 10 percent composite...
Oct 17 2003 // In an address at the National Association of Independent Insurers Fall Legislative Meeting, Sen. James L. Seward, chairman of the Senate Standing Committee on Insurance, stressed the need for serious fraud reform in New...
Oct 13 2003 // North Carolina Insurance Commissioner Jim Long last week 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...
Oct 13 2003 // Ted Pierce, executive director of the Surplus Line Association of California (SLA) released the association’s nine month total for processed surplus line premium showing an 82 percent increase over the 2002 premium...
Oct 7 2003 // Is the cyclical hard market taking a turn for the soft? According to one expert, that is just what appears to be happening. “The property and casualty insurance market is softening. As a result, business owners will...
Sep 25 2003 // Standard & Poor’s Ratings Services announced that it has assigned its ‘BB+’ global scale preferred share rating to Kingsway Financial Services’ (KFS) “guarantee of Kingsway Financial...
Sep 22 2003 // In a hard market, like the one we’re experiencing lately, many of the positive effects of the increased revenue can also carry some consequences that can negatively affect your agency down the road.A hard market is a...
Sep 22 2003 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved the request of American Family Mutual Insurance Company (American Family) for an overall statewide increase of 4.4 percent for private passenger automobile...
Sep 22 2003 // The Oklahoma State Board for Property and Casualty Rates voted to hold the line on a key component of workers’ compensation rates, at least for the next year. The 4-1 decision came after nearly 10 hours of hearings...