All the headlines from our Pricing Trends Topic Page, ordered by recency.
Apr 7 2017 // Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest decreases in rates.That’s...
Apr 6 2017 // Insurance premium renewal rate change for the majority of standard commercial lines products including auto, business owners, general liability, property and umbrella remained in positive territory for the first quarter....
Apr 5 2017 // For the first time in 20 months, the MarketScout composite rate index for commercial accounts in the United States measured a rate increase at plus 1 percent in the first quarter.Rates for business interruption, general...
Mar 30 2017 // U.S. personal auto underwriters increased premium rates “significantly” in 2016. But here’s the thing: it wasn’t enough.Loss trends are still outpacing rate changes. Also, the U.S. P/C industry...
Mar 27 2017 // The North Carolina Rate Bureau’s request for an auto rate hike of 13.8 percent is not justified based on the data submitted, according to a statement from the North Carolina Department of Insurance.The decision, made...
Mar 22 2017 // Auto insurance rates in Massachusetts are on the rise and technology is to blame.Industry experts tell The Boston Globe that drivers distracted by smartphones are crashing more often and those cars are now more expensive...
Mar 21 2017 // Allianz Research projections show that total global premium income rose to a new record high of 3,650 billion euros ($3.9224 billion U.S. dollars) last year (excluding health insurance).In a year-on-year comparison, the...
Mar 20 2017 // The cost of federal flood insurance is expected to rise for thousands of Houston-area homeowners as Congress looks to overhaul a program that’s billions of dollars in debt.The National Flood Insurance Program...
Feb 21 2017 // An explosion and fire at an oil refinery in Torrance, Calif. over the weekend forced the partial shutdown of the plant, leading oil traders to expect a spike this week in West Coast gasoline prices.Police and the plant...
Feb 20 2017 // The North Carolina Rate Bureau (NCRB) has requested an average increase of 13.8 percent on private passenger automobile insurance rates in its latest filing with the North Carolina Department of Insurance (NCDOI).NCRB...
Feb 17 2017 // Global insurance rate decreases moderated on average for the fourth consecutive quarter, down 3.1 percent (compared to the previous quarter’s decrease of 3.2 percent), according to Marsh’s Global Insurance...
Feb 6 2017 // The North Carolina Rate Bureau (NCRB) is requesting an average increase of 13.8 percent on private passenger automobile insurance rates in its latest filing with the North Carolina Department of Insurance (NCDOI).NCRB...
Feb 6 2017 // Tow truck drivers operate in a dangerous world. Every day they face angry drivers while repossessing vehicles, dangerous driving and road conditions, near misses while operating heavy equipment, and close calls on U.S....
Feb 6 2017 // Overall, 2016 ended on a positive note for the U.S. excess and surplus lines insurance industry, according to the Surplus Lines Stamping Office of Texas (SLTX).Nationally, nearly $26 billion in surplus lines insurance...
Jan 27 2017 // Superior Court Judge Katherine Bacal has denied State Farm’s request for a temporary restraining order in an attempt to delay California Insurance Commissioner Dave Jones’ enforcement of his order directing the...
Jan 23 2017 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2015, approximately $585 billion of DPW was reported, a record-high for the industry. For 2015,...
Jan 20 2017 // The North Carolina Rate Bureau is alerting all member companies that it has withdrawn its request for a 19.6 percent rate increase on dwelling policies due to a data error on its Dwelling Policy Program revisions announced...
Jan 20 2017 // Soft market conditions have replaced regulation and compliance as the main factor affecting growth for UK managing general agents (MGA) in 2017, said a survey of members of the London-based Managing General Agents’...
Jan 13 2017 // Grappling with a backlash against high U.S. prescription drug prices, more pharmaceutical companies are pledging to limit annual increases to under 10 percent – but the tactic is doing little to salve critics,...
Jan 10 2017 // Some observers believe the bottom of the reinsurance market may be in sight because brokers are having greater difficulty filling out underpriced programs and further concessions in terms are difficult to obtain, according...