All the headlines from our Pricing Trends Topic Page, ordered by recency.
Aug 1 2019 // Arkansas officials say the four companies providing coverage through the state’s insurance exchange under the federal health care overhaul law are seeking an average rate increase of about 2% for next year. Insurance...
Jul 31 2019 // Expect workers’ compensation insurance rates in California to continue to fall, with total written premium expected to drop by $1 billion or more for 2019 despite the positive impacts of continued economic growth, a...
Jul 29 2019 // In advance of its Aug. 6 board meeting in Galveston, the insurer of last resort for wind and hail in counties along the Texas coast said it has determined its residential coverage rates are inadequate by 41.7 percent and...
Jul 25 2019 // Global insurer Chubb’s saw its net income dip slightly and its P/C combined ratio nudge higher during the 2019 second quarter, but price increases led to solid premium gains.“This quarter was about growth and...
Jul 23 2019 // Wisconsin’s chief insurance regulator has approved an overall 8.84% decrease in workers’ compensation premium rates.The new rates approved by Commissioner of Insurance Mark Afable are effective Oct. 1, 2019,...
Jul 22 2019 // Workers’ compensation insurance premiums in California are declining as continued rate decreases more than offset the impacts of continued economic growth, according to the Workers’ Compensation Insurance...
Jul 18 2019 // Fewer people died in car crashes on Nevada roads in June than they did a year earlier, according to state data.The Nevada Department of Public Safety reported 16 deaths from 16 crashes in June, which is almost half as many...
Jul 16 2019 // Surplus lines premium in Texas has increased to $3.48 billion at the 2019 mid-year point, up 13.4% over 2018’s mid-year total of $3.06 billion, according to data reported to the Surplus Lines Stamping Office of Texas...
Jul 16 2019 // North Carolina’s Insurance Commissioner has extended the hearing scheduled for the proposed statewide average 17.4% homeowners’ insurance rate increase by one month from Sept. 4, 2019, to Oct. 2, 2019, saying...
Jul 16 2019 // Harden, an insurance, risk management and employee benefits firm in the Southeast, has formally expanded into the South Florida market with the opening of an office in Fort Lauderdale.The firm currently serves many clients...
Jul 1 2019 // Two more carriers are planning to lower their auto insurance rates in Louisiana, the state’s insurance department reported in June.Both Progressive Security Insurance Co. and Louisiana Farm Bureau have filed to...
Jun 20 2019 // Citizens Property Insurance Corporation’s Board of Governors has approved a revised 2019 rate proposal that the company said reflects recent legislative changes that targets the ongoing abuse of assignment of benefit...
Jun 17 2019 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2018, total DPW for all P/C insurers aggregately increased approximately 4% from 2017, an increase...
Jun 17 2019 // Commercial insurance prices in the U.S. increased in the first quarter about 2%, according to insurance broker and advisor Willis Towers Watson.The company’s Commercial Lines Insurance Pricing Survey (CLIPS) survey...
Jun 14 2019 // Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the latest round of attacks on vessels.Both owners and the companies that charter their...
Jun 13 2019 // Louisiana Insurance Commissioner Jim Donelon has approved a filing by Progressive Security Insurance Co. for a 2.2% rate decrease on new and renewal auto insurance business in the state. The decreases will take effect in...
Jun 3 2019 // Total direct written premium in the California workers’ compensation system fell for the second consecutive year in 2018, declining 3.8 percent to less than $12.3 billion as nine of the 10 largest insurer groups in...
Jun 3 2019 // By Stephanie K. JonesTexas’ property insurer of last resort for wind and hail along the Texas coast voted at a May 24, 2019, meeting of its board of directors to withdraw a 10% rate increase filed last year that was...
May 29 2019 // When the price of physician services increases relative to group health rates, injured workers report fewer problems getting the care they want but no significant improvement in physical function or speedier return to...
May 28 2019 // Texas’ property insurer of last resort for wind and hail along the Texas coast voted at a May 24, 2019, meeting of its board of directors to withdraw a 10% rate increase filed last year that was subsequently put on...