All the headlines from our Pricing Trends Topic Page, ordered by recency.
Feb 16 2021 // Lawmakers and the attorney general’s office want a state agency to force car insurance providers to lower rates for Massachusetts customers.The pandemic has kept many drivers off the road, meaning thousands of fewer...
Feb 12 2021 // Florida property insurers are jacking up rates by double-digit percentages, blaming the hikes on lingering damage from past hurricanes, a wave of litigation, and a law that encourages lawyers to sue by allowing courts to...
Feb 9 2021 // CNA Financial Corp. benefited significantly from rate hikes and premium growth in Q4, reporting more than $387 million in net income versus $273 million the year before.Net income per share during the quarter reached $1.42...
Feb 7 2021 // When Iowa’s Cedar River flooded over 10 square miles of the city in 2008, few property owners had flood insurance — slowing recovery for residents and business owners as they waited for resources from the federal...
Feb 3 2021 // Global insurer Chubb reported fourth quarter results for 2020 significantly better than the same period in 2019.For the 2020 fourth quarter, Chubb’s net income grew significantly higher, as did its net premiums...
Feb 3 2021 // A hearing date for the proposed 18.7% dwelling insurance rate increase has been set for Jan. 18, 2022 by North Carolina Insurance Commissioner Mike Causey, a statement from the North Carolina Department of Insurance...
Jan 25 2021 // Texas regulators in early January rejected a request for a 5% rate increase by the state’s insurer of last resort for wind and hail for properties along the Texas coast.The Texas Department of Insurance denied the...
Jan 11 2021 // Texas regulators have denied a request for a 5% rate increase by the state’s insurer of last resort for wind and hail for properties along the Texas coast.The Texas Department of Insurance (TDI) has rejected the...
Jan 11 2021 // In its annual survey of the employment practices liability insurance (EPLI) market, The Betterley Report found that rates are continuing their trend upward, in part because commercial rates in general are on the rise but...
Jan 8 2021 // Auto insurance rates are falling across the country an average 1.7 percent, with drivers in Michigan, Ohio, Kentucky, Arkansas and Louisiana seeing the biggest drops of more than 4 percent.This is the first time rate have...
Jan 6 2021 // Lower investment yields, adverse catastrophe loss development, higher loss cost trends, concerns over climate change, and, of course, the pandemic coalesced to bring some of the sharpest price increases in recent memory...
Jan 5 2021 // Price increases at the Jan. 1, 2021 reinsurance renewals were moderated compared to initial expectations as a result of abundant capital levels and an increased willingness on the part of reinsurers to deploy capacity in...
Jan 4 2021 // Aviation reinsurance rates rose by up to 250% at the key Jan. 1 renewal date, broker Willis Re said in a report on Monday, with the market still reeling from the impact of Boeing 737 MAX crashes two years ago.The 737 MAX...
Dec 21 2020 // For the second quarter in a row, U.S. commercial lines insurers enjoyed average rate hikes that neared 10% but the rocket ship rate hike trend might be moderating.“While commercial insurance prices continued to rise...
Dec 21 2020 // Greg Hendrick, CEO and co-founder of the new reinsurance and insurance company Vantage Risk, isn’t too concerned about the new capital that has been pouring into the market this year, and its potential to drive down...
Dec 18 2020 // Workers’ compensation written premium in California for the first nine months of 2020 was 12% below that for the first nine months of 2019, according to a quarterly experience report released on Friday by the...
Dec 17 2020 // Citing a flood of new policies entering Citizens Property Insurance Corp. and a growing disparity between its rates and rising rates of private insurance companies, the board of Florida’s insurer of last resort voted...
Dec 11 2020 // Greg Hendrick, the CEO and co-founder of the new reinsurance and insurance company Vantage Risk isn’t too concerned about the new capital that has been pouring into the market this year, and its potential to drive...
Dec 9 2020 // Florida Insurance Commissioner David Altmaier has issued a final order approving the National Council on Compensation Insurance (NCCI)’s filing for a statewide overall decrease of 6.6% for Florida workers’...
Dec 8 2020 // The board of directors of Texas’ insurer of last resort for wind and hail for properties along the Texas coast has directed its staff to file a rate increase of 5% for both residential and commercial policies with...