All the headlines from our Pricing Trends Topic Page, ordered by recency.
Apr 1 2002 // The state Senate passed March 27 Senate File 2318, which would cut the premium tax for property/casualty insurers from 2 percent to 1 percent over a four-year period, beginning in 2004. National Association of Independent...
Mar 27 2002 // Pennsylvania isn’t the only Eastern State to experience precipitate increases in the cost of medical malpractice insurance. A report in the New York Times reveals premium increases of between 10 and 40 percent in...
Mar 22 2002 // Michigan-based Amerisure Insurance, a regional property and casualty insurance group, reported strong operating results for the year 2001, with net income of $15.9 million and a surplus increase of $9.6 million. Direct...
Mar 21 2002 // Theme parks, cruise lines, and other tourism-driven business are watching their insurance rates rise due to the fallout of the Sept. 11 attacks, according to the Bloomberg News.Carnival Cruise Lines, a Miami-based...
Mar 21 2002 // The Workers’ Compensation Insurance Rating Bureau of California’s (WCIRB) Governing Committee gave the go-ahead March 20 for a filing of a 10.1 increase in advisory pure premium rates to be effective on...
Mar 12 2002 // Bermuda’s PartnerRe Ltd. announced that “the Company bound contracts expected to generate $1.37 billion in premiums during its key January 2002 renewal season — an increase of 37%.” The Company the...
Mar 7 2002 // In yet another attempt to limit an insurer’s ability to accurately assess risk in Maryland, the House Economic Matters Committee is considering eliminating the use of geographic location as a rating factor in...
Feb 28 2002 // The hardening market for Directors and Officers liability coverage is forcing brokers and their clients to accept higher rates, less coverage and larger retentions, panelists told a recent PLUS D&O Symposium. These...
Feb 26 2002 // Swiss Re reported that its property/casualty and financial services renewals in January 2002 “saw significant improvements in rates as well as terms and conditions across all lines of business.” The company...
Feb 25 2002 // Hawaii Insurance Commissioner Wayne Metcalf announced that the National Council on Compensation Insurance (NCCI) has received approval for a 4.6 percent overall increase in workers’ comp insurance loss costs in...
Feb 11 2002 // The cyclical ups and downs of the multisegmented arena referred to collectively as commercial auto are nothing new. Though the years referred to as “soft” and “hard” vary in both length and...
Feb 1 2002 // According to the National Association of Independent Insurers (NAII), pricing restrictions in pending legislation on insurers’ use of credit-based insurance scores would require low-risk consumers to pay...
Jan 31 2002 // Seattle-based SAFECO Corp. has announced its plans to increase rates for its personal and commercial auto insurance policies in 2002.According to Associated Press, SAFECO president Mike McGavick stated the company’s...
Jan 28 2002 // Early in 2000, insurance prices started doing something they had not done in almost 15 years. They began to increase, and they kept growing at a modest pace into the third quarter of 2001, when the events of September 11...
Jan 28 2002 // Dire predictions have been floating around since September 11 regarding the availability and pricing of insurance coverage for commercial property, largely due to the issues surrounding terrorist exclusions and whopping...
Jan 25 2002 // The Port Authority of New York and New Jersey reported $2.7 billion in gross operating revenues for 2001, slightly more than last year, despite a 300 percent increase in its insurance premiums from around $4 million to $16...
Jan 14 2002 // A recent survey by Reuters News Service indicates that the expected strong surge in reinsurance premiums for property catastrophe coverage may be a good deal less than originally anticipated.Although the market remains...
Jan 10 2002 // Farmers Insurance Group of Cos. recently applied for a 6.9 percent premium increase for homeowners insurance in the state of California.According to the Los Angeles Times Mary Flynn, a spokesperson for Farmers, the request...
Jan 4 2002 // Commercial property owners throughout the nation can expect their insurance premiums to make major leaps this year due to the repercussions of the Sept. 11 attacks rippling through the insurance industry, according to...
Dec 28 2001 // The Workers’ Compensation Reinsurance Association (WCRA) announced it is reducing the reinsurance rates it charges to self-insured Minnesota employers and insurance companies by an average of 12 percent.The rate...