All the headlines from our Pricing Trends Topic Page, ordered by recency.
Apr 17 2003 // Leading auto insurer Progressive Corp. reported first quarter 2003 net income of $291.5 million, or $1.32 per share, compared to $176.2 million, or 78 cents per share in the first quarter last year. Net premiums written...
Apr 16 2003 // The property/casualty industry continued to report strong growth in net written premiums for both the fourth quarter and full-year 2002 amid robust price increases across all sectors, according to the A.M. Best Co.Earnings...
Apr 8 2003 // Rates for U.S. property insurance have begun to drop as insurers compromise to meet their target levels of premium growth. This was one of the main findings from a report published by Aon at this year’s RIMS (Risk...
Apr 7 2003 // Credit scoring, CLUE reports become targets of Commissioner Garamendi’s IreThe hard market has hit California homeowners hard. State Farm, which had nearly 23 percent market share in the state in 2001 according to...
Mar 27 2003 // California’s Workers’ Compensation Insurance Rating Bureau (WCIRB) Governing Committee approved the filing of a 10.6 percent increase in advisory pure premium rates March 26. The rates are to be effective on...
Mar 27 2003 // Munich Re, the world’s biggest reinsurer, managed to avoid the falling equity values and rising reserve costs that bedeviled many insurers last year. On Thursday the company reported provisional figures showing Group...
Mar 24 2003 // Marine insurance is, as Insurance Journal put it last year, “a unique animal.” The belly of the beast consists of cargo and yacht coverage, which account for 50 percent of U.S. written premium.But another...
Mar 17 2003 // Irishmen and women, would-be Irishmen and non-Irishmen around the world took to the streets to celebrate St. Patrick’s Day March 17, in a joyous celebration of the “wearin’ o’ the...
Mar 10 2003 // In a new series in Insurance Journal, we’ll have industry experts talk about the best ways to manage today’s agencies. In this article, Jack Fries speaks on managing the marketing and sales effort in the hard...
Mar 10 2003 // Marine insurance is, as Insurance Journal put it last year, “a unique animal.” The belly of the beast consists of cargo and yacht coverage, which account for 50 percent of U.S. written premium.But another...
Mar 10 2003 // In a new series in Insurance Journal, we’ll have industry experts talk about the best ways to manage today’s agencies. In this article, Jack Fries speaks on managing the marketing and sales effort in the hard...
Mar 7 2003 // InsWeb Corp. announced the updated results for its Auto Insurance Index based on fourth quarter 2002 data. The Index is designed to identify and track general pricing trends of personal auto insurance.According to data...
Feb 27 2003 // Texas Lt. Gov. David Dewhurst commented that homeowners insurance rates in Texas are running some 12 to 18 percent higher than they should be. According to the Houston Chronicle, Dewhurst made the remarks after Gov. Rick...
Feb 26 2003 // Swiss Re indicated that it expects to post a net loss in the CHF 100 million ($73.7 million) range for the year 2002, due primarily to weakness in global equity markets, but the company also announced that the January...
Feb 10 2003 // The property and casualty industry is well into a rebound from the terrorist attacks of Sept. 11, 2001, with premiums increasing aggressively for more than a year, a trend that will certainly continue throughout 2003 and...
Feb 7 2003 // The Midland Co., a provider of specialty insurance products and services, reported fourth-quarter 2002 net income before capital gains/losses of $7.7 million, or 43 cents per share, compared with $9.3 million, or 51 cents...
Feb 5 2003 // Diane Colborn, vice president of the Personal Insurance Federation of California (PIFC), told the Assembly Insurance Committee earlier today that the most significant factor in recent homeowners insurance premium increases...
Jan 29 2003 // Texas-based Summit Environmental Corporation Inc. announced an alliance with Davis-Garvin Insurance Agency of South Carolina and FireGuard Automated Fire Suppression Systems, designed to increase safety and reduce premiums...
Jan 28 2003 // The insurance industry is well into a rebound from the terrorist attacks of Sept. 11, 2001, with premiums increasing aggressively for more than a year, according to the Chicago-based Raymond James Financial. Greg Peters,...
Jan 21 2003 // The length of the current hard market should not be overestimated and the creativity of the plaintiff’s bar to impose new costs on insurers should not be underestimated, a panel of outside experts told insurance...