Latest Pricing Trends Headlines

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

Global Premiums Rise by 1.5% in 2017, Driven by Emerging Markets: Swiss Re

Jul 16 2018 // Global insurance premiums continued to rise in 2017 with emerging markets leading the way, according to a study published by Swiss Re Institute’s sigma, which is celebrating its 50th anniversary of market...

Global Insurance Premiums Rise by 1.5% in 2017, Driven by Emerging Markets: Swiss Re

Jul 6 2018 // Global insurance premiums continued to rise in 2017 with emerging markets leading the way, according to a study published by Swiss Re Institute’s sigma, which is celebrating its 50th anniversary of market...

Momentum for Rate Hikes Dissipates During June/July Renewals: Willis Re Report

Jul 2 2018 // Momentum for rate increases on loss-free reinsurance accounts dissipated during the June/July property catastrophe renewals, and in some cases, pricing declined, according to a report published by Willis Re.For example,...

Florida’s Citizens Delays Decision on Proposed Rate Increases

Jul 2 2018 // Florida’s Citizens Property Insurance Corp. will wait until December to determine its 2019 insurance rates and whether it will approve a proposed 7.9 percent statewide increase for homeowners policies.The decision to...

North Carolina Approves 4.8% Statewide Dwelling Rate Increase

Jun 28 2018 // The North Carolina Department of Insurance has ended its legal dispute with the North Carolina Rate Bureau on its proposal for an 18.9 percent dwelling insurance rate increase and instead reached a settlement that will...

New Nebraska Lake Expected to Reduce Flood Plain, Lower Insurance Rates

Jun 27 2018 // A Nebraska Natural Resources District is opening Omaha’s newest park and lake after spending nine years developing the $44 million project.The Omaha World-Herald reports that the Papio-Missouri River district will...

California Workers’ Comp Division Says Temporary Total Disability Rates to Increase for 2019

Jun 26 2018 // The 2019 minimum and maximum temporary total disability rates will increase on Jan. 1, 2019, the California Division of Workers’ Compensation announced on Tuesday.The minimum TTD rate will increase from $182.29 to...

Florida’s Citizens Delays Decision on Proposed 2019 Rate Increases

Jun 21 2018 // Florida’s Citizens Property Insurance Corp. will wait until December to determine its 2019 insurance rates and whether it will approve a proposed 7.9 percent statewide increase for homeowners policies.The decision to...

Commercial Insurance Prices Increase First Time in 3 Years

Jun 18 2018 // Commercial insurance prices in the U.S. increased modestly in the first quarter of 2018, according to leading global advisory, broking and solutions company Willis Towers Watson’s Commercial Lines Insurance Pricing...

Global Commercial Insurance Market to Grow $170B in P/C Premium By 2021: Aon Inpoint

Jun 18 2018 // Global commercial property/casualty insurance premiums were worth approximately $730 billion in 2017, and by 2021, they will rise to nearly $900 billion.U.S. commercial P/C insurance premiums were worth $274.5 billion in...

Nevada Motorists Face July 1 Auto Insurance Rate Increase

Jun 18 2018 // Nevada state officials are reminding as many as 600,000 vehicle owners they could face auto insurance rate increases July 1, when minimum liability coverage requirements go up.Officials announced earlier that almost one in...

WCIRB: California Workers’ Comp Written Premium to be Down Again This Year

Jun 15 2018 // Lower workers’ compensation rates in California will bring down written premium once again this year, according to a forecast from the Workers’ Compensation Insurance Rating Bureau.That revelation is expected...

Russia World Cup Insurance Premiums Rise on Risks of Terrorism, Hooliganism

Jun 14 2018 // The risk of terror attacks and damage from hooligans has pushed up premiums for businesses and players buying insurance for the soccer World Cup in Russia compared to the previous event in Brazil, brokers and insurers...

Maine Individual Insurers Seek Nine Percent Rate Hike

Jun 11 2018 // Two insurers on Maine’s individual health insurance market are requesting lower-than-expected rate increases for 2019.Portland Press Herald reports the insurers are requesting average rate increases of over 9 percent...

Most Commercial Insurance Prices Continued Creeping Up in May: IVANS

Jun 5 2018 // Renewal premiums for a majority of standard commercial lines products continued to trend up in May, according to the latest IVANS Index. The exceptions were commercial auto and umbrella, which still rose in May but not as...

Nevada Motorists Face July 1 Auto Insurance Rate Increase

Jun 4 2018 // Nevada state officials are reminding as many as 600,000 vehicle owners they could face auto insurance rate increases July 1, when minimum liability coverage requirements go up.Officials announced earlier that almost one in...

Delaware Seniors See Average Decrease of More Than $100 in Car Insurance Rates

Jun 4 2018 // Delaware’s House Substitute 1 for House Bill 80 (HS 1 for HB 80), signed into law on August 1, 2017, went into effect on May 1 of this year.As a result of the legislation, Delaware consumers with policies through one...

Workers’ Comp : Healthy Underwriting Gain, Premium Growth Blockage

Jun 4 2018 // Workers’ compensation insurers are managing their premiums dollars better than they have in years, but those premium dollars are stagnating even as employment and wages are rising.In 2017, for the fourth consecutive...

Report: California Workers’ Comp Direct Written Premiums Fell

Jun 1 2018 // California workers’ compensation covered payroll rose last year, but the average premium rate charged to employers fell 10 percent, so total direct written premium in the system declined by $192 million to $12.77...

Rampant Brazil Cargo Theft Disrupts Retail, Drives Up Insurance Rates

May 31 2018 // In a bunker-like room in a gritty suburb of Sao Paulo, retired police colonel Antonio Marin and a dozen employees track the location of hundreds of cargo trucks on a bank of monitors.During his 34 years in Sao Paulo...