Latest Pricing Trends Headlines

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

Reinsurers at Baden Baden Forum Expect P/C Insurers to Resist 2017 Price Hikes

Oct 24 2016 // Hurricane Matthew will have a limited impact on the years-long decline in rates for reinsurance, according to industry representatives, who predict primary insurers will push back against price increases at the start of...

North Carolina Insurers Want Supreme Court Review of 25% Rate Hike Denial

Oct 24 2016 // The homeowners insurance rate increase disagreement between the North Carolina Department of Insurance (NCDOI) and the insurance industry is not over.The North Carolina Rate Bureau (NCRB), which files rates with NCDOI on...

It’s Official: Florida Workers’ Comp Rates Going Up Nearly 15%

Oct 24 2016 // The Florida Office of Insurance Regulation (OIR) has issued a final order granting approval to the National Council on Compensation Insurance (NCCI) for an overall combined statewide average rate increase of 14.5 percent....

Q2 Report: P/C Insurers’ Direct Premium Written Up 3.6 Percent

Oct 24 2016 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2015, approximately $585 billion DPW was reported, a record-high. For 2015, total DPW for all P/C...

State Regulators Say Pennsylvania Health Insurance Premiums to Rise

Oct 20 2016 // State regulators say the cost of health insurance premiums will be going up sharply next year for residents who buy individual plans.The state Department of Insurance said Monday that insurance company rates, based on...

France to Hike Premium Tax to Bolster Compensation Fund for Attack Victims

Oct 19 2016 // France plans to increase a levy on property insurance policies to 5.90 euros [$6.30] from 4.30 euros [$4.59] per contract to bolster a fund that provides compensation to victims of attacks or other criminal acts.Following...

Emerging Markets to See Strong Non-Life Premium Growth in Years Ahead: JLT Re

Oct 12 2016 // Despite recent slowdowns, emerging economies are expected to outperform advanced markets over the next five years, according to a report published by JLT Re.The emerging economies examined in the JLT Re study are also...

Workers’ Comp Rates in Idaho to Decrease for 2017

Oct 11 2016 // The Idaho Department of Insurance has received a proposal from the National Council on Compensation Insurance for an overall rate drop of 1.2 percent percent in workers’ compensation insurance to become effective...

It’s Official: Florida Workers’ Comp Rates Going Up Nearly 15%

Oct 11 2016 // The Florida Office of Insurance Regulation (OIR) has issued a final order granting approval to the National Council on Compensation Insurance (NCCI) for an overall combined statewide average rate increase of 14.5 percent....

Ohio Home, Auto Insurance Rates Up Slightly but Still Among Nation’s Lowest

Oct 10 2016 // The Ohio Department of Insurance (ODI) reports that average premiums for auto and home insurance in the state rose in 2015 but not by much.The average rate changes in 2015 for Ohio’s top 10 homeowners and private...

North Carolina Insurers Want Supreme Court Review of 25% Home Insurance Rate Hike Denial

Oct 4 2016 // The homeowners insurance rate increase disagreement between the North Carolina Department of Insurance (NCDOI) and the insurance industry is not over.The North Carolina Rate Bureau (NCRB), which files rates with NCDOI on...

Florida Approves Increases for Citizens Commercial Property Rates

Oct 4 2016 // The Florida Office of Insurance Regulation (OIR) has issued an order establishing the 2017 commercial property rates for Citizens Property Insurance Corporation.Rates are going up for all accounts except the Commercial...

Florida Regulators Approve Rate Increase for Citizens Policyholders

Oct 3 2016 // Rates are going up for many Florida homeowners. The Florida Office of Insurance Regulation has approved a 6.4 percent overall rate increase for 2017 for Citizens Property Insurance Corp. homeowners’ multiperil...

P/C Direct Premium Written Up 4.3 Percent: Demotech

Oct 3 2016 // 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,...

Maryland’s Amended Premium Increase Notice Requirement to Take Effect

Sep 30 2016 // The reenacted Maryland Insurance Article set to take effect on Saturday, Oct. 1, is expected to lift the administrative burden and lack of clarity caused by mandatory notification of minor premium increases, according to a...

Florida Approves 14.5% Workers’ Comp Rate Hike in Response to Court Rulings

Sep 27 2016 // The Florida Office of Insurance Regulation (OIR) has given contingent approval for an overall statewide workers’ compensation rate increase of 14.5 percent to take effect Dec. 1, 2016. The rate increase is in...

Covered California Prices for Small Business to Rise 5.9%

Sep 19 2016 // Small business employees who get health coverage through the Covered California health insurance exchange will see an average price increase of 5.9 percent next year.The figure announced last week affects roughly 28,000...

Florida Regulators Approve Rate Increase for Citizens Policyholders

Sep 19 2016 // The Florida Office of Insurance Regulation approved a 6.4 percent overall rate increase for 2017 for Citizens Property Insurance Corp. homeowners’ multiperil policyholders across the state. According to Citizens, the...

Minnesotans on Employer Health Insurance Plans See Modest Rate Hikes

Sep 16 2016 // The majority of Minnesota residents aren’t experiencing the hefty health insurance rate hikes that shoppers who buy their coverage individually will see, according to data released by the federal government.More than...

Workers’ Compensation Market Enters Soft Market: A.M. Best

Sep 14 2016 // The workers’ compensation market has likely entered a soft market phase based on a declining trend in price increases that began in 2013, according to a new report from A.M. Best.The report titled, “State...