All the headlines from our Pricing Trends Topic Page, ordered by recency.
Sep 30 2019 // Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11% and representing the eighth consecutive year of premium growth, according to...
Sep 25 2019 // After being down, the U.S. directors and officers (D&O) liability insurance sector is looking up. Carriers are raising rates and restoring profitability, according to Fitch Ratings, after several years of flat premium...
Sep 20 2019 // The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding of Boeing Co.’s...
Sep 19 2019 // The Texas Department of Insurance has extended the period in which recent rate increase request by the Texas Automobile Insurance Plan Association (TAIPA) may be approved.TAIPA, the state’s auto insurer of last...
Sep 17 2019 // The California Division of Workers’ Compensation has announced that the 2020 minimum and maximum temporary total disability rates will increase on Jan. 1, 2020.The minimum TTD rate will increase from $187.71 to...
Sep 16 2019 // The Workers’ Compensation Bureau of California on Monday its latest quarterly report on insurer experience as of June 30.The WCIRB report shows written premium for 2018 is 4% below that for 2017 and 6% below that for...
Sep 16 2019 // Insurtech Zeguro has launched its platform designed to help small and midsize companies manage cyber threats in multiple ways.The San Francisco-based managing general agency describes itself as an “end-to-end cyber...
Sep 12 2019 // In yet another sign of a hardening market, U.S. commercial insurance prices grew at an accelerated rate compared to a year ago, according to Willis Towers Watson’s latest Commercial Lines Insurance Pricing...
Sep 11 2019 // Florida businesses will see another workers’ comp rate decrease next year if the latest filing by the National Council on Compensation Insurance (NCCI) is approved by Florida regulators.Carrier results continue to be...
Sep 10 2019 // Extended development from North American hurricane losses and losses from non-peak perils like California wildfires have finally jolted reinsurers out of a soft reinsurance market, according to a report from reinsurance...
Sep 4 2019 // Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said.After falling for several years due to...
Aug 29 2019 // New Hampshire employers will pay less for their workers’ compensation insurance next year because of an approved filing that lowers the loss costs insurers use to develop prices.The New Hampshire Insurance Department...
Aug 28 2019 // The North Carolina Department of Insurance has received a dwelling insurance rate filing from the North Carolina Rate Bureau requesting a statewide average rate increase of 19.2%, varying by territory.The N.C. Rate Bureau,...
Aug 27 2019 // The Workers’ Compensation Bureau of California on Tuesday issued its latest quarterly report on insurer loss and premium experience valued as of March 31.The report shows written premium for 2018 is 4% below that for...
Aug 19 2019 // Texas’ provider of last resort for wind and hail insurance for coastal properties won’t be raising its residential and commercial property rates next year.The Texas Windstorm Insurance Association (TWIA) said...
Aug 14 2019 // Pennsylvania Insurance Commissioner Jessica Altman and Labor & Industry Secretary Jerry Oleksiak announced agreements with two insurers and the Pennsylvania Compensation Rating Bureau (PCRB) to protect Pennsylvania...
Aug 14 2019 // Some global reinsurers have chosen to stop retrenching from catastrophe risks, deciding instead to take advantage of higher premium rates and increase their exposure, according to S&P Global Ratings.Although risk...
Aug 14 2019 // It’s a well-trodden truth in our industry that not all risks are created equal, and for insurers, that some risks are riskier than others.However, new technologies mean new avenues of innovation for insurers to...
Aug 13 2019 // AIG President and CEO Brian Duperreault said that the evolving, hardening market is sustainable and dovetailing nicely with the insurer’s ongoing efforts to shed excessively risky business.He also announced that AIG...
Aug 6 2019 // Texas’ provider of last resort for wind and hail insurance for Texas coastal properties won’t be raising its residential and commercial property rates next year.The Texas Windstorm Insurance Association (TWIA)...