Latest Pricing Trends Headlines

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

Global Insurance Premiums up 3.8% in 2015, Despite Trade Slowdown: Swiss Re

Jun 29 2016 // Despite a challenging business environment and global trade slowdown in 2015, global direct premiums written grew by 3.8 percent in real terms, up from 3.5 percent in 2014, according to Swiss Re’s latest sigma...

Florida’s Citizens Says AOB Abuse to Blame for Statewide Rate Increase of 6.8%

Jun 23 2016 // Citizens Board of Governors has approved recommended rates for 2017 that equal an average rate increase of nearly 7 percent statewide. The company said the increase is a necessary response to rising non-weather water...

Commercial Insurance Pricing Inched Up in Q1: Willis Towers Watson

Jun 20 2016 // Commercial insurance prices increased only a bit in aggregate (less than 1 percent) during the first quarter of 2016, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS).While price changes in the...

Brokers Dealing with Soft Market, ‘Market Fatigue’ in Medical Professional Liability

Jun 20 2016 // Are insurance brokers experiencing “market fatigue” in the medical professional liability line of insurance right now?Could be, according to Daniel Nash, senior vice president of Field Operations and Business...

Persistent Soft Market Begins to Hit Reinsurer Stock Prices: A.M. Best

Jun 15 2016 // While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a hit as a result of the persistent soft market and its negative effect on top line...

Ongoing Soft Market Tops Reinsurers’ Concerns: Xuber Survey

Jun 14 2016 // Soft market conditions continue to be the biggest concern for the industry, followed by regulation, competition from third party capital, low investment returns, cyber crime and maintaining underwriting discipline,...

Commercial Insurance Pricing Inched Up in Q1: Willis Towers Watson

Jun 13 2016 // Commercial insurance prices increased only a bit in aggregate (less than 1 percent) during the first quarter of 2016, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS).While price changes in the...

California State Fund Files for Workers’ Comp Rate Decrease

Jun 9 2016 // The State Compensation Insurance Fund is seeking to cut its workers’ compensation rates, per a recent filing with the California Department of Insurance.The rate filing also includes an overall 9.5 percent rate...

Connecticut Reviewing Health Insurers’ Rate Hike Requests

Jun 8 2016 // Connecticut’s Department of Insurance is reviewing rate increase requests filed by 14 health insurance companies that range on average from 2.1 percent to 32 percent.The private plans, offered on and off the...

P/C Insurers Continue to See Slow Premium Growth and Rising Loss Ratios

Jun 6 2016 // For U.S. property/casualty insurers, net written premium still grew in 2015, but the rate of expansion is slowing, and the industry’s collective combined ratio worsened slightly, according to a new report from ISO...

Highmark, Aetna Request Substantial Rate Hikes in Delaware

Jun 3 2016 // Delaware Insurance Commissioner Karen Weldin Stewart announced Thursday that she has received rate request filings from Highmark Blue Cross Blue Shield of Delaware, Aetna Inc. and Aetna Life for individual and small group...

Health Insurers File for Rate Hikes in Kansas

Jun 2 2016 // The Kansas Insurance Department is reviewing requested rate filings for individual and small group health plans in Kansas for 2017.The range of requested average rate revisions by insurance companies is from 3.3 percent to...

Insurance Rates Unlikely to Rise a Lot Even If Hurricane Season is Above Normal: Fitch

Jun 2 2016 // Hurricane forecasters may be split on whether the 2016 Atlantic hurricane season will be above average or normal, but even a higher level of storms might not boost property insurance prices to levels seen in prior market...

Reinsurance Rates Continued Stabilization Trend at June Renewal; Florida Down Just 3.1%: JLT

Jun 1 2016 // Reinsurance rate declines continued to slow at the June 1 renewal, reaffirming a trend of gradual price stabilization that first emerged during last year’s June renewal season, according to reinsurance brokerage JLT...

Health Insurers Seek Big Premium Increases in Pennsylvania

May 31 2016 // Pennsylvania’s insurance regulators are starting a review of health plans for coverage next year through the federal marketplaces, including several that seek premium increases in excess of 40 percent.The...

Under Missouri Bill, Insurance Department Would Review ACA Rate Hikes

May 30 2016 // Health insurance companies would no longer be able to raise rates for Affordable Care Act consumers in Missouri without review by a state agency under a measure awaiting the governor’s signature.Advocates say the...

Oklahoma Insurance Regulators: No Authority to Approve ACA Rate Hikes

May 26 2016 // The Oklahoma Insurance Department does not have statutory authority to approve or deny rate increases filed by insurers on the federal health insurance exchange, state regulators say.Oklahoma, along with Texas, Missouri,...

Arkansas Officials Question Health Insurance Rate Hikes for 2017

May 25 2016 // Arkansas Insurance Commissioner Allen Kerr says he expects to deny several recent requests by insurers to raise rates on individual on-exchange health insurance policies by more than 10 percent for 2017.Under the...

Small Group of Bermudian Re/Insurers Drive Overall Q1 Premium Growth: S&P

May 24 2016 // At first glance, Bermudian re/insurance companies appeared to start the year with a bang, reporting a 21 percent increase in consolidated gross premiums written (GPW), according to a new report published by Standard &...

Brokers Dealing with Soft Market, ‘Market Fatigue’ in Medical Professional Liability

May 24 2016 // Are insurance brokers experiencing “market fatigue” in the medical professional liability line of insurance right now?Could be, according to Daniel Nash, senior vice president of Field Operations and Business...