All the headlines from our Pricing Trends Topic Page, ordered by recency.
Jun 24 2003 // The New York State Insurance Department announced that it has scheduled a public hearing on July 3, to consider the application of the New York Compensation Insurance Rating Board (NYCIRB) for a workers’ compensation...
Jun 23 2003 // Despite substantial rate increases over the past three years, property/casualty insurers will not see any dramatic improvement in their financial results by 2004, according to Conning Research & Consulting Inc....
Jun 23 2003 // Nevada Insurance Commissioner Alice Molasky-Arman has approved State Farm Fire and Casualty Company’s request for an overall statewide average increase of 5.2 percent, or $2.5 million. This is part of a total...
Jun 17 2003 // Mayfield Village, Ohio-based vehicle insurer Progressive Corp. reported that for May 2003, the company produced a GAAP combined ratio of 88.3. Net premiums written increased 29 percent to $910.9 million for the month,...
Jun 17 2003 // The National Association of Independent Insurers has issued a bulletin indicating that a bill, scheduled to be considered by the Rhode Island’s House Judiciary Committee, would expand liability for car renters and...
Jun 9 2003 // California Insurance Commissioner John Garamendi issued a decision June 6 on the Workers’ Compensation Insurance Rating Bureau’s (WCIRB) July 1, 2003 pure premium rate filing that was submitted on April 2,...
Jun 4 2003 // Aon CEO Patrick Ryan told a group of journalists that premiums will grow slowly through the end of 2003 and into early 2004, according to Reuters. Ryan predicted rates would rise over the next five to seven years. Certain...
Jun 4 2003 // The New York Healthcare Alliance (NYHA), a coalition of healthcare providers and workers from approximately 75 hospitals throughout the state, has issued a warning that, as a result of a recent court ruling, “New...
Jun 3 2003 // Despite substantial rate increases over the past three years, Property/Casualty insurers will not see any dramatic improvement in their financial results by 2004, according to Conning Research & Consulting,...
Jun 2 2003 // State Insurance Commissioner Alice A. Molasky-Arman has approved State Farm Fire and Casualty Company’s request for an overall statewide average increase of 5.2 percent, or $2.5 million. This is part of a total...
Jun 2 2003 // Caps on non-economic damages have failed to prevent sharp increases in medical malpractice insurance premiums, even though insurers enjoyed a slowdown in their payouts, according to a white paper released by Weiss Ratings,...
May 27 2003 // New Hampshire Insurance Department Commissioner Paula Rogers, the keynote speaker at the Professional Insurance Agents of New Hampshire Inc.’s annual conference held at the Marriott Courtyard and Grappone Conference...
May 22 2003 //
May 13 2003 // Omaha, Neb.-based Berkshire Hathaway Inc. nearly doubled the profit of the first quarter of 2002, thanks to the hardened insurance market.Berkshire reported a net profit of $1.73 billion, or $1,127 a share, compared to...
May 5 2003 // A report released at the recent Risk & Insurance Management Society (RIMS) conference in Chicago found that after only two years of double-digit percentage premium increases, the property market has already begun to...
May 5 2003 // State Farm recently won a 12.2 percent average rate increase for homeowners policies in Louisiana that goes into effect June 15. At that time around 263,000 Louisiana homeowners will face an average increase of $100....
May 5 2003 // On the heels of similar increases from the previous year, purchasers of Directors & Officers (D&O) liability insurance paid nearly 30 percent more for their D&O coverage, according to Tillinghast Towers...
Apr 28 2003 // On the heels of similar increases from the previous year, purchasers of Directors & Officers (D&O) liability insurance paid nearly 30 percent more for their D&O coverage, according to Tillinghast Towers...
Apr 25 2003 // A Senate panel this week approved two major bills that would reportedly change the way insurance rates are regulated in Louisiana, bringing more companies and competition into the state.The measures, Senate Bill 721 and SB...
Apr 21 2003 // Beginning June 15, State Farm homeowner policyholders in Louisiana will face a 12.2 percent rate increase averaging about $100 more per year. According to the New Orleans Times Picayune, the Louisiana Insurance Rating...