All the headlines from our Pricing Trends Topic Page, ordered by recency.
Oct 8 2002 // The U.S. excess and surplus lines market reported a 35 percent increase in direct premium volume in 2001, according to the “Annual Review of the Excess & Surplus Lines Industry-September 2002,” released by...
Oct 3 2002 // American Casualty Company of Reading, Pa. recently filed a request for rate increase in Nevada. The increase, if granted, would be placed in effect on policies in the Certified Registered Nurse Anesthetists Professional...
Oct 3 2002 // The Washington Department of Labor and Industries (L&I) has scheduled seven public hearings to take testimony on a proposed 40.5 percent increase in workers’ compensation premiums in 2003.The hearings give...
Sep 30 2002 // Lloyd’s Chairman Sax Riley told an audience of 600 insurance professionals in Milan, Italy that the way in which business organizations manage the risks they face is becoming an increasingly important factor in the...
Sep 30 2002 // International Risk Management Institute, Inc., has published “The IRMI Hard Market Survival Guide 2002” on its Web site, www.IRMI.com. The article provides 20 practical recommendations to help business...
Sep 20 2002 // One report spotlights the crisis among doctors in North-eastern Ohio, who are refusing to deliver babies due to higher medical malpractice insurance premiums; another report from Detroit says that home owners insurance...
Sep 17 2002 // Rates in 2002 for reinsurance covering the property catastrophe risks of insurance companies increased in all regions for virtually all insurance companies, according to a new report by Guy Carpenter & Co., Inc. The...
Sep 13 2002 // The Louisiana Insurance Rating Commission approved automobile insurance rate increases for State Farm Group that were less than those originally requested by the insurer. According to A.M. Best regulators approved a 14...
Aug 30 2002 // The WCIRB’s recently released summary of statewide first quarter 2002 experience shows sharp increases in insurer rates as well as continued deterioration in loss development.Average insurer rates on policies written...
Aug 27 2002 // A group of 25 insurance brokers and contractors recently met with Republican Insurance Commissioner candidate Gary Mendoza to discuss rising liability insurance rates in the Inland Valley, according to the Los Angeles...
Aug 13 2002 // Approximately 2,000 married Nevada State workers will see their health insurance premiums take a hike by nine percent in January, according to an Associated Press report.Some 3,000 State employees however, whose policies...
Aug 9 2002 // CNA Financial Corp. reported it swung to a second-quarter profit, able to raise prices on many of its policies.CNA, which is 87 percent-owned by holding concern Loews Corp., posted net income of $35 million, or 16 cents a...
Aug 8 2002 // For the first six months of the year French reinsurer SCOR registered a robust 16 percent rise in premium income at constant exchange rates. The company attributed the rise to improving non-life reinsurance rates and the...
Aug 5 2002 // While many markets in the insurance industry continue to see adverse effects due to the hard market and recourse from 9/11, the marine market is one of the few that has a good view of the light at the end of the tunnel....
Aug 5 2002 // California Workers’ Compensation Insurance Rating Bureau’s (WCIRB) Governing Committee approved the filing of a proposed 11.9 percent increase in pure premium rates effective Jan. 1, 2003 for new and renewal...
Aug 5 2002 // Multiple rate hike requests from insurers and consumer concerns prompted Louisiana Governor Mike Foster to hire an advisor to assist him and the Louisiana Insurance Rating Commission (LIRC) in considering the rate...
Jul 29 2002 // Louisiana Governor Mike Foster hired an advisor to assist him and the Louisiana Insurance Rating Commission (LIRC) in their consideration of rate hike requests from insurers and consumer concerns. The Times-Picayune...
Jul 26 2002 // AIG chairman M.R. Greenberg says that property and casualty rates are likely to continue their upward climb in 2003.Greenberg reported in a conference call with analysts that insurers are rebuilding their capital base,...
Jul 26 2002 // California’s Workers’ Compensation Insurance Rating Bureau’s (WCIRB) Governing Committee approved the filing of a proposed 11.9 percent increase in pure premium rates effective January 1, 2003 for new and...
Jul 22 2002 // Citing increasing medical and repair costs, a weak stock market, and the effects of state laws enacted in 1998, Louisiana insurance regulators anticipate a rise in auto rates in their state. The Times-Picayune reports that...