Latest Pricing Trends Headlines

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

Court Rules Florida Workers’ Comp Rate Hike to Remain, For Now

Jan 9 2017 // Florida’s workers’ compensation rate increase of 14.5 percent will remain in effect while a Florida appeals court reviews a legal challenge to the state’s recent ratemaking process.The First District...

Missouri Expects Another Decrease in Workers’ Comp Rates

Jan 9 2017 // Employers in Missouri should see a continued decrease in workers’ compensation insurance costs.The Missouri Department of Insurance is recommending a 4.6 percent decrease in workers’ comp insurance loss costs...

Decline in Reinsurance Prices Slowed at January Renewal: Carpenter

Jan 6 2017 // Reinsurance pricing continued trending downward at the Jan. 1, 2017 renewal — across most classes of business and geographies, but the pace of that decline is slowing, according to Guy Carpenter & Co.Although...

Louisiana Workers’ Comp Insurance Rates to Decline Again

Jan 3 2017 // The Louisiana Department of Insurance announced a rate filing from the National Council on Compensation Insurance (NCCI) for a statewide decrease of 9.8 percent in workers’ compensation rates has been...

Texas Surplus Office Projects 2016 Increase in Premium, Filings

Dec 22 2016 // Projections show that the Surplus Lines Stamping Office of Texas is on track to surpass fourth quarter premium totals set in the past two years, according to data prepared by the office.The amount of surplus lines filings...

Court Rules Florida Workers’ Comp Rate Hike to Remain, For Now

Dec 19 2016 // Florida’s workers’ compensation rate increase of 14.5 percent will remain in effect while a Florida appeals court reviews a legal challenge to the state’s recent ratemaking process.The First District...

North Carolina Insurers Want 19.6% Rate Hike for Dwelling Policies

Dec 19 2016 // The North Carolina Rate Bureau (NCRB) has requested a 19.6 percent rate increase on all dwelling insurance policies, according to a statement from the North Carolina Department of Insurance.NCDOI announced Dec. 1 it is...

Washington Workers’ Comp Rates for 2017 to Increase Less Than 1%

Dec 19 2016 // The average premium for workers’ compensation coverage in Washington will go up less than 1 percent in 2017, according to the Department of Labor & Industries.L&I announced this month the rate will rise by an...

D&O Prices Down, Auto Up in Q3; Other Commercial Lines Stable

Dec 19 2016 // Price decreases accelerated for directors and officers insurance in the 2016 third quarter, a period during which commercial insurance prices generally remained flat once again overall.The latest Willis Towers...

California Workers’ Comp Medical Mileage Rate Will Decline for 2017

Dec 13 2016 // The Internal Revenue Service has announced that the standard mileage rate for business miles will decline 0.5 cents per mile to 53.5 cents per mile as of Jan. 1, 2017.The California Workers’ Compensation Institute...

D&O Prices Down, Auto Up in Q3; Other Commercial Lines Stable

Dec 13 2016 // Price decreases accelerated for directors and officers insurance in the 2016 third quarter, a period during which commercial insurance prices generally remained flat once again overall.The latest Willis Towers...

North Carolina High Court Dismisses Insurer Rate Increase Request

Dec 12 2016 // North Carolina’s Supreme Court is rejecting efforts by insurance companies to raise homeowners’ premiums.The state’s highest court on Friday dismissed arguments by the group that represents North Carolina...

Judge Denies State Farm’s Bid to Stop California Rate Reduction Order

Dec 8 2016 // California Superior Court Judge Katherine Bacal has denied State Farm’s emergency request to stay Insurance Commissioner Dave Jones’s order directing State Farm to reduce homeowner and renter rates by 7...

North Carolina Insurers Want 19.6% Rate Hike for Dwelling Policies

Dec 2 2016 // The North Carolina Rate Bureau (NCRB) has requested a 19.6 percent rate increase on all dwelling insurance policies, according to a statement from the North Carolina Department of Insurance.NCDOI announced Dec. 1 it is...

Washington Workers’ Comp Rates for 2017 to Increase Less Than 1%

Nov 30 2016 // The average premium for workers’ compensation coverage in Washington will go up less than 1 percent in 2017, according to the Department of Labor & Industries.LL&I announced today the rate will rise by an...

Florida Appeals Judge’s Order Halting 14.5% Workers’ Comp Rate Increase

Nov 29 2016 // The Florida Office of Insurance Regulation (OIR) is appealing a court order invalidating its approved 14.5 rate increase on Florida workers’ compensation rates that was set to take effect Dec. 1.OIR filed its Notice...

California Commissioner Orders State Farm to Reduce Homeowner Rates

Nov 8 2016 // California Insurance Commissioner Dave Jones on Tuesday issued a decision requiring State Farm Insurance Co. to reduce its dwelling insurance rates by an average of 7.0 percent, resulting is $78.6 million in annual savings...

California Commissioner Wants Workers’ Comp Insurers to Reduce Rates

Nov 7 2016 // California Insurance Commissioner Dave Jones issued a formal finding that costs to insurers in the workers’ compensation system are declining and he’s asking workers’ comp insurers to pass those cost...

California Commissioner Wants Workers’ Comp Insurers to Reduce Rates

Oct 27 2016 // California Insurance Commissioner Dave Jones issued a formal finding today that costs to insurers in the workers’ compensation system are declining and he’s asking workers’ comp insurers to pass those...

U.S. Homeowners Insurers’ Premiums Growing But Return on Equity Down: Aon

Oct 26 2016 // The U.S. homeowners insurance market is on track for continued growth in direct premiums for 2016 despite a decreasing return on equity for insurers. U.S. homeowners premium is set to surpass $90 billion for the first...