All the headlines from our Pricing Trends Topic Page, ordered by recency.
Jan 2 2018 // Global property reinsurance prices have risen less than expected in the key Jan. 1 renewal season, with strong competition limiting increases to single digit percentages following a record year of losses, brokers said on...
Dec 28 2017 // Utica National Insurance Group has announced that it has become a billion dollar company for the first time in its nearly 104-year history.The company surpassed $1 billion in direct written premiums on December 22, 2017....
Dec 22 2017 // While overall market conditions may improve over the near term as a result of catastrophe events in the third quarter of 2017, A.M. Best continues to hold a negative outlook for the global reinsurance sector in 2018.In a...
Dec 20 2017 // New York Governor Andrew M. Cuomo signed Assembly Bill No. 1620 into law yesterday, requiring insurance companies to notify employers in advance of some workers’ compensation insurance premium increases.The law was...
Dec 18 2017 // The Florida Office of Insurance Regulation (OIR) has approved statewide rate increases on 2018 personal and commercial property insurance rates for Citizens Property Insurance Corp.OIR approved a statewide increase of 6.6...
Dec 7 2017 // The Florida Office of Insurance Regulation (OIR) has approved statewide rate increases on 2018 personal and commercial property insurance rates for Citizens Property Insurance Corp.OIR approved a statewide increase of 6.6...
Dec 4 2017 // Non-life re/insurers’ full-year underwriting results are likely to be severely affected by the second half of the year’s three hurricanes and earthquakes in Mexico–which will lead to rate hardening for...
Dec 4 2017 // Average global insurance rates decreased for the 18th consecutive quarter, although the rate of decline slowed in the third quarter of 2017 (down 1.6 percent) as compared to the prior quarter (down 2.2 percent), according...
Dec 4 2017 // Texas has recorded $4.6 billion in surplus lines premium through the end of October 2017, a 6 percent increase over the same period in 2016, according to the Surplus Lines Stamping Office of Texas (SLTX).At the annual...
Dec 4 2017 // Texas Insurance Commissioner Kent Sullivan has approved changes in the rates for private passenger and commercial automobile insurance provided through the Texas Automobile Insurance Plan Association (TAIPA), which is the...
Nov 22 2017 // Average global insurance rates decreased for the 18th consecutive quarter, although the rate of decline slowed in the third quarter (down 1.6 percent) as compared to the prior quarter (down 2.2 percent), according to...
Nov 22 2017 // Non-life re/insurers’ full-year underwriting results are likely to be severely impacted from the second half’s three hurricanes and earthquakes in Mexico, which will lead to rate hardening for non-life insurers...
Nov 21 2017 // The North Carolina Rate Bureau has filed notice with the N.C. Department of Insurance request a statewide average increase in homeowners insurance rates of 18.7 percent for 2018, according to Insurance Commissioner Mike...
Nov 17 2017 // Texas has recorded $4.6 billion in surplus lines premium through the end of October 2017, a 6 percent increase over 2016, according to the Surplus Lines Stamping Office of Texas (SLTX).Providing an update at the annual...
Nov 17 2017 // Texas Insurance Commissioner Kent Sullivan has approved changes in the rates for private passenger and commercial automobile insurance provided through the Texas Automobile Insurance Plan Association (TAIPA), which is the...
Nov 16 2017 // Hedge funds bought reinsurance stocks in the third quarter after prices tumbled on widespread losses after multiple hurricanes in North America, filings showed on Wednesday.Hurricanes in the United States and the Caribbean...
Nov 13 2017 // Florida Insurance Commissioner David Altmaier has issued a final order granting approval to the National Council on Compensation Insurance (NCCI) for a statewide overall rate level decrease of 9.5 percent and premium level...
Nov 3 2017 // In October, premium renewal rates were up for the majority of standard commercial lines products, with workers’ compensation remaining the major line where rates did not go up, according to IVANS Index that tracks...
Nov 2 2017 // A rise in insurance premiums, especially in areas affected by recent hurricanes and disasters, will help Swiss Re recover from almost half a billion dollars of losses in the first nine months of this year, it said on...
Nov 2 2017 // Florida Insurance Commissioner David Altmaier has ordered a statewide overall workers’ compensation rate decrease of 9.8 percent, a slightly higher decrease than the 9.6 percent decrease filed by the National Council...