All the headlines from our Pricing Trends Topic Page, ordered by recency.
Jun 17 2020 // A U.S. appeals court on Tuesday upheld a ruling that struck down a Trump administration rule that required pharmaceutical companies to include the wholesale prices of their drugs in television advertisements.The U.S. Court...
Jun 16 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...
Jun 12 2020 // The amount of surplus lines premium reported in Texas in May 2020 was nearly $100 million higher than reported in the same month last year, according to the Surplus Lines Stamping Office of Texas (SLTX).In May 2020,...
Jun 10 2020 // Lancashire Holdings Ltd. has completed an equity capital raise of approximately £277 million (US$352 million) through the placement of new common shares.The Lloyd’s insurer said it intends to use the proceeds of the...
Jun 10 2020 // Fidelis Insurance Holdings Ltd. announced it has raised $500 million of equity capital from existing investor relationships.On top of the $300 million raised by the company in February, Fidelis has now secured $800 million...
Jun 1 2020 // The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already battered by the impact of the coronavirus pandemic on their underwriting and investment...
Jun 1 2020 // As Americans have been driving less and covering fewer miles, the emptier roads have become more lethal.Preliminary data from the National Safety Council indicate a year-over-year 14% jump in fatality rates per miles...
May 27 2020 // Global reinsurers will fail to earn its cost of capital in 2020 amid the coronavirus crisis, which will help maintain price increases for the sector during the year ahead, said Fitch Ratings.Financial performance will be...
May 21 2020 // As Americans have been driving less and covering fewer miles, the emptier roads have become more lethal.Preliminary data from the National Safety Council indicate a year-over-year 14% jump in fatality rates per miles...
May 14 2020 // Texas surplus lines premium during the month of April 2020 reached $741.68 million, according to the Surplus Lines Stamping Office of Texas (SLTX). This is a 14.8% increase over the same period in 2019, SLTX...
May 14 2020 // The New Jersey Department of Banking and Insurance has directed insurance companies in the state to provide premium reductions to consumers and businesses during the COVID-19 emergency, citing reduced risk of loss due to...
May 12 2020 // Global average commercial insurance prices increased 14% in the first quarter of 2020 – but the rate hikes were not due to the COVID-19 pandemic, according to insurance broker Marsh in its quarterly Global Insurance...
May 4 2020 // The Delaware Department of Insurance has announced that many consumer-friendly automobile insurer actions are being implemented due to reduced vehicle use throughout the COVID-19 pandemic.As filed with the department,...
Apr 23 2020 // Workers’ compensation written premium in California for calendar year 2019 was 6% below that for calendar year 2018, according to an update on California statewide insurer experience valued as of Dec.31, 2019.The...
Apr 23 2020 // During the April reinsurance renewals, SCOR Global P&C said it grew gross premiums by 5.7% to €504 million, while benefiting from broadly improving market conditions as shown by a 6.6% overall increase in...
Apr 20 2020 // Premium recorded for the first quarter of 2020 for excess and surplus lines of insurance in Texas is up 14.5% compared with the same period last year, according to the Surplus Lines Stamping Office of Texas...
Apr 15 2020 // Safety Insurance has announced a premium reduction plan and several other steps to meet policyholder and community needs during the ongoing COVID-19 pandemic.The Safety Personal Auto Relief Credit offers eligible Safety...
Apr 14 2020 // The Alabama Department of Insurance says it will waive filing fees and allow for immediate implementation of premium reductions by insurers in an effort to provide some relief to Alabama consumers.In a bulletin issued last...
Apr 2 2020 // The Massachusetts Division of Insurance has approved a 6.8% reduction in the existing overall average workers’ compensation insurance rates for policies effective on and after July 1, 2020.The rate decrease was the...
Mar 27 2020 // The stock market turmoil triggered by the coronavirus pandemic is raising worries that Pacific Gas & Electric’s $13.5 billion settlement with victims of catastrophic wildfires may be worth far less by the time...