All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
Jan 16 2003 // In his inaugural speech as Chairman of Lloyd’s of London, Lord Levene confirmed that the U.S. continues to be Lloyd’s largest single market accounting for approximately 40 percent of its business. He announced...
Jan 9 2003 // The Workers’ Compensation Insurance Rating Bureau’s (WCIRB) summary of statewide third quarter 2002 experience shows sharp increases in rates charged to policyholders, declines in claim frequency, and continued...
Jan 9 2003 // Ted Pierce, executive director of the Surplus Line Association of California, released the association’s 2002 totals for processed surplus line premium showing a 104.5 percent increase over the 2001 premium...
Dec 16 2002 // Calif. Insurance Commissioner Harry Low recently issued a decision regarding the WCIRB’s pure premium rate filing, which was submitted to the Commissioner on July 31, 2002. In his decision, the Insurance Commissioner...
Dec 16 2002 // Massachusetts Insurance Commissioner Julie Bowler announced a 2.7 percent auto insurance rate increase for 2003 after rejecting an average rate increase request by insurers of 7 percent.The smaller rate increase translates...
Dec 12 2002 // According to a recent Insurance Research Council (IRC) survey of U.S. households, most Americans are satisfied with the companies that provide their personal insurance. More than nine out of 10 respondents with homeowners...
Dec 11 2002 // Swiss Re’s third annual “Economic and Insurance Industry Review and Outlook” was held yesterday in New York City. The meeting featured a panel discussion between Swiss Re economists, investment...
Dec 9 2002 // Tim Wagner, Director of the Nebraska Department of Insurance, announced that rates charged by the Nebraska Excess Liability Fund for excess medical professional liability insurance for doctors, hospitals and other health...
Dec 6 2002 // Representatives from the Personal Insurance Federation of California (PIFC), the Association of California Insurance Companies (ACIC) and the American Insurance Association (AIA) recently announced the top five reasons...
Dec 5 2002 // A new Swiss Re Sigma report released yesterday concluded that overall global premium income reached $2.408 trillion in 2001; while that’s a lot, it’s only a “modest 1 percent growth over 2000,”...
Dec 3 2002 // In an effort to stem the tide of departing obstetrics and gynecological physicians leaving Clark County, Physician’s IPA announced it is increasing the rate of insurance reimbursement to its OBGYN doctors. The...
Nov 26 2002 // The Louisiana Insurance Rating Commission granted Allstate Insurance Co. a $21.9 million auto policy rate increase. The rate hike is the second the company has received in the past nine months. According to the New Orleans...
Nov 25 2002 // The Oklahoma State Board for Property and Casualty Rates, chaired by Insurance Commissioner Carroll Fisher, voted to reduce the loss cost component of workers’ compensation rates by 2 percent. The reduction is...