All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
Dec 16 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% over 2017, an increase...
Dec 16 2019 // U.S. commercial insurance prices accelerated during the third quarter of 2019, as the aggregate price change reported by carriers exceeded 4%, according to insurance broker Willis Towers Watson.WTS’s Commercial Lines...
Dec 9 2019 // U.S. commercial insurance prices accelerated during the third quarter of 2019, as the aggregate price change reported by carriers exceeded 4%, according to insurance broker Willis Towers Watson.WTS’s Commercial Lines...
Dec 5 2019 // The Missouri Department of Commerce and Insurance is recommending a 1.6 percent decrease in workers’ compensation insurance loss costs for 2020. This marks the sixth year in a row that average workers’...
Dec 2 2019 // North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to insurance broker Willis Towers Watson’s 2020 Insurance Marketplace Realities.While...
Dec 2 2019 // When the board of directors of Texas’ property insurer of last resort for wind and hail along the Texas coast meets in December, its members will be considering a recommendation by the organization’s actuarial...
Nov 21 2019 // Florida Insurance Commissioner David Altmaier has issued a final order granting approval to the National Council on Compensation Insurance (NCCI) for a statewide overall decrease of 7.5% for Florida workers’...
Nov 20 2019 // When the board of directors of Texas’ property insurer of last resort for wind and hail along the Texas coast meets in December, its members will be considering a 5% rate increase recommended by the...
Nov 18 2019 // Proposed rate increases for both private passenger and commercial auto insurance rates have been approved for the Texas Automobile Insurance Plan Association (TAIPA).The Texas Department of Insurance granted TAIPA’s...
Nov 15 2019 // Texas’ property insurer of last resort for wind and hail in counties along the Gulf Coast is finding itself once again between a rock and a hard place — or perhaps more appropriately, between a hurricane and a...
Nov 14 2019 // California Insurance Commissioner Ricardo Lara has adopted and issued a revised average advisory pure premium rate, lowering the benchmark to $1.52 per $100 of payroll for workers’ compensation insurance, effective...
Nov 14 2019 // Global insurance premiums will grow 3 percent on average over the next two years even with an emerging global economic slowdown, Swiss Re said in its latest sigma report.Rising lost costs will fuel the moderate but steady...
Nov 12 2019 // Proposed rate increases for both private passenger and commercial auto insurance rates have been approved for the Texas Automobile Insurance Plan Association (TAIPA).The Texas Department of Insurance granted TAIPA’s...
Nov 8 2019 // A filing by the National Council on Compensation Insurance (NCCI) that would reduce workers’ compensation insurance rates in Louisiana by 8.4% next year has been approved by Louisiana Insurance Commissioner...
Nov 4 2019 // Agency errors and omissions (E&O) coverage is likely the most important insurance policy an agency purchases. As customer demands rise to an all-time high, having the right E&O coverage and ensuring best practices...