All the headlines from our Pricing Trends Topic Page, ordered by recency.
Apr 1 2014 // The Pennsylvania Departments of Insurance and Labor & Industry on Monday announced a 5.15 percent workers’ compensation rate reduction, effective April 1. The officials said the reduction would save millions of...
Apr 1 2014 // “Reinsurance rates began to fall last year,” said Willis Re’s Chairman James Vickers in a telephone interview. The January renewals “saw more reductions, and this has continued in...
Apr 1 2014 // Premiums for thousands of Delaware property owners may increase significantly because of changes to the National Flood Insurance Program, but it seems many residents may not know about impending rate hikes of up to 25...
Apr 1 2014 // Steve Morris lives in a century-old restored cottage on a tucked away corner of Narragansett Bay in Rhode Island. The home survived big hurricanes in 1938 and 1954, and Morris has never worried about flooding.But the home...
Mar 31 2014 // Changes in the federal flood insurance program are likely to mean higher premiums for thousands Maryland residents, and not just those living in Ocean City or along the Chesapeake Bay.Residents of smaller inland towns like...
Mar 31 2014 // Realtor Bob Preston has lived on New Hampshire’s seacoast his entire life and his family has sold and rented properties there for decades. He’s never had a property flood but still pays for federally mandated...
Mar 28 2014 // Much of downtown Montpelier, Vermont, is perched along the banks of the North Branch of the Winooski River, a waterway that has poured into buildings, forcing many homeowners to purchase flood insurance.Now 242 Montpelier...
Mar 27 2014 // Jeff King had put his house in Wilkes-Barre, Penn., up for sale for $90,000 last year, put off by the city’s struggles with crime and the desire for a better school district for his four children, when he got a...
Mar 27 2014 // Stephen Nelson and Mary Anne Mayo are still struggling with the destruction from Superstorm Sandy, nearly 18 months after it swept through their Westport, Conn., home, taking their first-floor belongings into the Saugatuck...
Mar 26 2014 // More than 20,000 Virginia homeowners and businesses could see their rates for flood insurance rise up to 25 percent as part of an attempt to put the troubled National Flood Insurance Program back on sound financial...
Mar 24 2014 // For Gay Alexander, Superstorm Sandy “is not over,” she says, her voice cracking as she speaks about the cost for flood insurance on her damaged, waterfront Long Island home.The single mother of two...
Mar 24 2014 // Personal auto insurance companies increased their rates by an average of 2.5 percent countrywide in 2013, while home insurers increased their rates by an average of 5.1 percent, according to figures compiled from...
Mar 24 2014 // Commercial insurance prices have risen for 12 straight quarters, including the latest jump of 5 percent in aggregate during the fourth-quarter of 2013. But price gains are slowing down, says Towers Watson.The global...
Mar 14 2014 // A new survey from Towers Watson confirms that more than half (55 percent) of property/casualty insurance chief financial officers believe the property reinsurance market is softer than the primary market, while about...
Mar 12 2014 // A new survey from Towers Watson confirms that “over half (55 percent) of property & casualty (P&C) insurance chief financial officers (CFOs) believe the property reinsurance market is softer than the primary...
Mar 12 2014 // Although most insurers providing professional liability insurance for architects and engineers sought to raise rates last year, the size of the increases generally failed to meet their expectations. Nevertheless, nearly...
Mar 12 2014 // Personal auto insurance companies increased their rates by an average of 2.5 percent countrywide in 2013, while home insurers increased their rates by an average of 5.1 percent, according to figures compiled from...
Mar 11 2014 // Commercial insurance prices have risen for 12 straight quarters, including the latest jump of 5 percent in aggregate during fourth-quarter 2013. But price gains are slowing down, according to Towers Watson.The global...
Mar 10 2014 // Some flood insurance premiums required under a 2012 law now won’t be raised until the fall of 2015 at the earliest.The Federal Emergency Management Agency says delays passed by Congress will put off higher premiums...
Mar 10 2014 // In January 2014, the Professional Insurance Agents (PIA) affiliates in Connecticut, New Hampshire, New Jersey and New York conducted their second-annual Market Trends Survey and found that the heralded hard market may not...