All the headlines from our Pricing Trends Topic Page, ordered by recency.
Aug 7 2017 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, approximately $606 billion of DPW was reported, a record high for the industry. For 2016,...
Aug 7 2017 // A mid-year compilation of excess and surplus (E&S) insurance premium amounts by the Surplus Lines Stamping Office of Texas (SLTX) shows a 6.6 percent increase in premium nationally compared with the same period last...
Aug 2 2017 // In July 2017, premium renewal rate change for the majority of standard commercial lines products remain in positive territory. Workers’ compensation was the one product that trended negatively, dipping below -1.00...
Jul 26 2017 // A mid-year compilation of excess and surplus (E&S) insurance premium amounts by the Surplus Lines Stamping Office of Texas (SLTX) shows a 6.6 percent increase in premium nationally compared with the same period last...
Jul 24 2017 // Chief executive officers of property/casualty insurance brokers and P/C insurance carriers called each other out in June for engaging in activities they said were “classic signs of a soft market.”During a...
Jul 24 2017 // It’s no secret that the insurance marketplace right now is extremely soft. The amount of capacity in the industry continues to rise as new entrants are coming into the market or existing carriers are either opening...
Jul 18 2017 // Sarah Price has been named a director in Houston-based Crystal & Company’s Specialty Products Group. She specializes in placing complex environmental insurance programs.Price has 18 years of experience in...
Jul 10 2017 // Property/casualty (P/C) insurance and group benefits industry is changing faster than ever. Many factors are the parents of such change. In part one of this two part series, I will focus on the more traditional aspects and...
Jul 10 2017 // Homeowners in South Florida, as well as in many other parts of the state, can expect another rate increase next year from the state-run insurer of last resort.Citizens Board of Governors approved recommended rates and...
Jul 6 2017 // Global insurance premiums increased by 3.1 percent in real terms during 2016, down from growth of 4.3 percent reported in 2015, according to Swiss Re Institute’s sigma study.The report described last year’s...
Jun 30 2017 // Minot, N.D., leaders say the Federal Emergency Management Agency’s proposed new flood plain map could raise insurance premiums for thousands of property owners.The preliminary map shows about 4,000 properties along...
Jun 26 2017 // Lloyd’s of London is planning to cut 10 percent of its staff in the UK as the world’s oldest insurance market looks to streamline operations and reduce costs amid continued pricing pressure on its...
Jun 23 2017 // Data collected by the Surplus Lines Stamping Office of Texas (SLTX) shows that insurance premium amounts recorded in May 2017 are higher than totals recorded in May of 2016 or 2015. The information was presented at the...
Jun 23 2017 // Property/casualty insurers wrote $1.35 billion in direct written premium for cyber insurance in 2016, a 35 percent jump from 2015, according to reports by Fitch Ratings and A.M. Best.The largest cyber insurance writers are...
Jun 22 2017 // Olso-based Protector Forsikring is the insurer of Grenfell Tower, the residential block that was destroyed last week by a raging fire that killed 79 people.“Based on the information we have as of now, the damage is...
Jun 21 2017 // Homeowners in South Florida, as well as in many other parts of the state, should expect additional rate increases next year from the state-run insurer of last resort.Citizens Board of Governors approved recommended rates...
Jun 20 2017 // California’s 2018 minimum and maximum temporary total disability rates will increase on Jan. 1, 2018, the state’s Division of Workers’ Compensation announced on Tuesday.The minimum TTD rate will increase...
Jun 19 2017 // North Carolina’s insurance regulator says he’s reached a deal with auto insurers for a premium increase of just over 2 percent instead of the nearly 14 percent average increase companies sought in February. The...
Jun 14 2017 // Chief executive officers of property/casualty insurance carriers and insurance brokers called each other out last week for engaging in activities they said are “classic signs of a soft market.”During a session...
Jun 5 2017 // Businesses are buying more cyber insurance and prices for the coverage are stabilizing, according to the latest survey by The Council of Insurance Agents and Brokers.According to the survey of about 100 commercial lines...