All the headlines from our Pricing Trends Topic Page, ordered by recency.
Sep 13 2022 // Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain times can also be good for reinsurers. Demand for reinsurance...
Sep 12 2022 // U.S. commercial insurance prices increased again during the second quarter 2022, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS).The aggregate commercial price change reported by carriers...
Sep 8 2022 // South Africans could soon be paying as much as 5% more on their premiums as insurers face growing risks both globally and locally.The country is now considered “very risky” due to mounting flood and fire...
Sep 8 2022 // Fresh on the heels of massive reinsurance price increases in June, which helped send some property insurers into insolvency or out of the Florida market, reinsurers are now likely to raise premiums again in the next few...
Sep 5 2022 // The 2022 combined ratio for the property/casualty insurance industry is forecast to be 100.7, a worsening of 1.2 points relative to 2021, driven by significant deterioration in the personal auto line.Loss pressures and a...
Sep 5 2022 // The second quarter 2022 marked a full five years of premium increases for across all lines of commercial insurance business, according to the latest report from the Council of Insurance Agents and Brokers (CIAB).The...
Aug 29 2022 // This story originally appeared on Stateline, an initiative of The Pew Charitable Trusts.Horry County, South Carolina, officials were in for a shock earlier this year, when they discovered their cyber insurance premium...
Aug 24 2022 // U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases in most reinsurance and specialty lines of business as well as tighter terms and...
Aug 23 2022 // The North Carolina Rate Bureau has recommended a statewide average increase of 42.6% over the next two years for dwelling property policies.The rate hikes would be an average of 19.6% for April 2023 and 19.2% for 2024, the...
Aug 22 2022 // The Georgia insurance commissioner is publicly shaming one of the country’s largest auto insurers after the carrier announced an average 25% rate increase in the state.“I am angry and disappointed that Allstate...
Aug 16 2022 // The 2022 combined ratio for the property/casualty insurance industry is forecast to be 100.7, a worsening of 1.2 points relative to 2021, driven by significant deterioration in the personal auto line.Loss pressures and a...
Aug 16 2022 // The second quarter 2022 marked a full five years of premium increases for across all lines of commercial insurance business, according to the latest report from the Council of Insurance Agents and Brokers (CIAB).The...
Aug 15 2022 // It’s common knowledge that texting while driving is illegal in most places. But what about tapping the screen of your cellphone to accept a faster route suggested by Google Maps? What if your phone is mounted on the...
Aug 15 2022 // Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing a trend of moderating rate increases that began in Q1 2021, according to the Global Insurance...
Aug 15 2022 // Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report.The new Best’s...
Aug 4 2022 // Allstate Corp. said it is accelerating its plan to increase auto insurance rates as it reported unprofitable results for the second quarter.Allstate booked a net loss of $1.04 billion in the second quarter compared with a...
Aug 4 2022 // Personal and commercial rate increases stabilized virtually across the board in the second quarter of 2022, according to MarketScout’s Market Barometer.U.S. personal lines rates increased 5.16 % in the second quarter...
Aug 1 2022 // Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing a trend of moderating rate increases that began in Q1 2021, according to the Global Insurance...
Aug 1 2022 // Premium renewal rate changes for all major commercial lines of business increased year over year with the exception of the workers’ compensation line, which remained negative, according to the Ivans Index second...
Jul 29 2022 // Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report.The new Best’s...