All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
Nov 22 2002 // Workers’ compensation rates in South Carolina would rise by an average of 20.3 percent if a rate hike request filed by the National Council on Compensation Insurance (NCCI) is approved by the South Carolina...
Nov 22 2002 // At a Dec. 4 public hearing, the Alabama Department of Insurance will consider requests by State Farm Mutual Auto Insurance Co. and State Farm Fire & Casualty raise auto insurance rates in that states. According to the...
Nov 19 2002 // Texas Insurance Commissioner Jose Montemayor rejected the Texas Windstorm Insurance Association’s request for a 10 percent rate increase for wind and hail coverage of homes in the 14 coastal counties and part of...
Nov 15 2002 // Workers’ compensation premiums may rise by an average of 15 percent next year for many Florida employers, with some employer groups paying as much as a 42 percent rate increase, according to Florida Treasurer and...
Nov 12 2002 // The frequency of auto accidents since 1980 has dropped by 16 percent. During the same time period, however, the frequency of auto injury claims rose 26 percent. These findings are revealed in a study recently released by...
Nov 7 2002 // Selective Insurance Group, Inc. (Nasdaq: SIGI) today reported net income of $11.1 million, or $0.41 per diluted share, for the third quarter ended September 30, 2002, compared with $2.1 million, or $0.08 per diluted share...
Nov 7 2002 // Swiss Re’s chief US economist, Kurt Karl, stated that the Federal Reserve Board’s decision to lower the target federal funds rate to 1.25 percent from 1.75 percent was an attempt to “bolster the economy...