All the headlines from our Pricing Trends Topic Page, ordered by recency.
Sep 29 2020 // A proposal for a 1.7% overall rate decrease to Idaho workers’ compensation insurance, effective Jan. 1, 2021, has been approved by the Idaho Department of Insurance. The proposed rate change is recommended by the...
Sep 23 2020 // The Texas Automobile Insurance Plan Association (TAIPA) has filed a request with the Texas Department of Insurance to charge new insurance rates for commercial automobiles. The filed rates represent a 4.8% increase in...
Sep 21 2020 // Even before the coronavirus crisis hit, the reinsurance industry was in a period of significant rate hardening, which will likely continue over the next two years, or even longer, according to Munich Re.Such price...
Sep 18 2020 // Speaking at one of the many virtual conferences that took place in early September, Dan Malloy, chief executive officer of Bermuda-based Third Point Reinsurance, offered an anecdotal view of the reinsurance market from a...
Sep 16 2020 // Although there is a significant market correction taking place in the North American liability insurance market, demand for casualty reinsurance is increasing, said Chirag Shah, executive vice president, Casualty...
Sep 11 2020 // Fitch Ratings said yesterday its ratings outlook for companies in the global reinsurance sector will continue to remain negative as a result of hefty coronavirus claims and low interest rates.The good news for companies,...
Sep 9 2020 // Even before the coronavirus crisis hit, the re/insurance industry was in a period of significant rate hardening, which will likely continue over the next two years, or even longer, according to Munich Re.Such price...
Sep 4 2020 // U.S. equity investors are demanding higher risk premiums to compensate for rising cyber threats as the coronavirus pandemic pushes more businesses to move online.That’s according to researchers at Michigan State...
Sep 4 2020 // The downward trend for Florida workers’ compensation rates is set to continue next year thanks to favorable loss experiences from policy years 2017 and 2018.The latest filing from the National Council on Compensation...
Sep 2 2020 // The Workers’ Compensation Insurance Rating Bureau of California has released its quarterly experience report, an update on California statewide insurer experience valued as of March 31, 2020.Highlights of the report...
Sep 1 2020 // In the first half of 2020, China Re Group Corp. enjoyed rapid growth in premiums and steady profitability despite the pandemic.In the first half of 2020, gross written premiums increased 20.5% year-on-year to RMB102.1...
Aug 24 2020 // Global average commercial insurance prices increased 19% in the second quarter of 2020, the eleventh straight quarter they have risen.Average price increases were driven principally by increases in property insurance rates...
Aug 18 2020 // Louisiana’s insurance commissioner has approved new rate decreases for private passenger auto policies for two major auto insurers in the state.Insurance Commissioner Jim Donelon has approved Progressive Insurance...
Aug 13 2020 // Duck Creek Technologies Inc., a software company that serves the property and casualty insurance market, on Wednesday raised the price range for its initial public offering (IPO) and expects to raise about $375...
Aug 10 2020 // Global average commercial insurance prices increased 19% in the second quarter of 2020, according to the latest Global Insurance Market Index released by broker and risk adviser Marsh.The increase, the largest since the...
Jul 28 2020 // For W.R. Berkley Corp. and most other workers’ compensation carriers, rates have declined for some time. That trend could start reversing itself starting in 2021, CEO W. Robert Berkley Jr. predicted recently.“I...
Jul 23 2020 // The Actuarial and Underwriting Committee of Texas’ insurer of last resort for wind and hail coverage for properties in the state’s coastal counties voted on July 21 to recommend a 0% rate increase to its board...
Jul 6 2020 // State Farm Insurance Co. has been approved for an overall auto insurance rate decrease of 9.6% in Louisiana, the state insurance department reported.State Farm’s rate reduction most recently approved by Louisiana...
Jul 6 2020 // California workers’ compensation total direct written premium continued to decline in 2019, falling 7.0% to a five-year low of $11.42 billion, as nine out of the state’s 10 largest insurer groups wrote less...
Jul 1 2020 // SoftBank Group Corp.-backed insurance startup Lemonade Inc on Wednesday increased the target range for its U.S. initial public offering, looking to raise up to $308 million at a market capitalization of $1.54 billion.The...