All the headlines from our Pricing Trends Topic Page, ordered by recency.
Mar 23 2020 // A financial market that’s in correction territory, coronavirus pandemic fears and an insurance industry hard market for the first time in years. Are these issues related or becoming more so? What’s an insured...
Mar 12 2020 // The return-to-work (RTW) rate for employees in the Texas workers’ compensation system who received temporary income benefits (TIBs) for their injuries increased by 5% over the decade from 2007 to 2017.That’s...
Feb 25 2020 // It’s no surprise that Florida carriers are raising homeowners’ insurance rates given several years of catastrophes and losses from litigation related to assignment of benefits and water damage claims.What may...
Feb 18 2020 // A newly proposed bill would clarify under California law the concept of “hardened homes” that are safer or more resistant to wildfires and then require admitted carriers to cover those homes.California’s...
Feb 14 2020 // Vermont Governor Phil Scott announced that rates for workers’ compensation premiums will drop by about 11% when new rates take effect in April.Scott’s administration said the reductions are part of a trend in...
Feb 14 2020 // Delaware Insurance Commissioner Trinidad Navarro responded strongly to a Consumer Federation of America report that Delaware service members may return home from deployment to increased auto insurance premiums, calling the...
Feb 12 2020 // Global average commercial insurance prices increased 11% in the fourth quarter of 2019, according to the Global Insurance Market Index released by insurance broker Marsh.The fourth quarter rise in prices was the largest...
Feb 10 2020 // The Delaware Department of Insurance has analyzed new filings from the state’s top writers of workers’ compensation insurance after announcing the third consecutive year of decreased rates in November.The top...
Feb 10 2020 // The task of insuring nonprofit organizations is a complex one and agents, brokers, underwriters and carrier representatives say that in order to fully serve those entities that serve our communities in myriad ways,...
Feb 4 2020 // Premium data from all surplus lines stamping offices for 2019 shows that California once again led the nation in total surplus line premiums, possibly boosted by construction spending and wildfires.The Surplus Line...
Feb 4 2020 // While the market is hardening and rates are increasing for nearly every commercial insurance line, workers’ compensation remains stubbornly soft. That reality is something that W.R. Berkley’s CEO flagged...
Jan 30 2020 // U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said.With less insurance coverage for...
Jan 27 2020 // It has never been safer to fly on commercial airlines, according to a new study by an MIT professor that tracks the continued decrease in passenger fatalities around the globe.The study finds that between 2008 and 2017,...
Jan 27 2020 // Excess and surplus lines insurance premium (E&S) in Texas reached $6.95 billion in 2019, a 14.36% increase over 2018’s premium total of $6.08 billion, according to the Surplus Lines Stamping Office of Texas...
Jan 24 2020 // Surplus lines flood insurance premium filed with the Surplus Lines Stamping Office of Texas (SLTX) has increased annually over the past five years, according to SLTX.Additionally, while NFIP premium dipped in 2017, it rose...
Jan 13 2020 // Zurich Insurance Group AG expects to have more power to increase commercial insurance rates than it has seen in almost two decades as a shortage of supply and high natural catastrophe payouts help reverse declining...
Jan 9 2020 // The Surplus Lines Stamping Office of Texas (SLTX) reports that excess and surplus lines premium (E&S) in Texas reached $6.95 billion in 2019, a 14.36% increase over 2018’s premium total of $6.08 billion. The past...
Jan 7 2020 // The North Carolina Department of Insurance and the North Carolina Rate Bureau (NCRB) have reached a settlement for an average 4% increase on a proposal to increase dwelling insurance rates.A hearing on the proposal...
Dec 23 2019 // Workers’ compensation rates in Tennessee will go down again next year, marking the seventh consecutive year of decreases, according to the Tennessee Department of Commerce and Insurance.Commissioner Hodgen Mainda...
Dec 18 2019 // Premium decreases in California workers’ compensation may have escalated in 2019, a new report shows.The Workers’ Compensation Insurance Rating Bureau of California on Wednesday released its quarterly...