All the headlines from our Pricing Trends Topic Page, ordered by recency.
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)...
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...