All the headlines from our Pricing Trends Topic Page, ordered by recency.
Feb 3 2014 // There’s been no real reduction in the number of U.S. school shootings despite increased security put in place after the rampage at a Connecticut elementary school in December 2012 left 20 children and six educators...
Jan 30 2014 // The Senate has begun adopting amendments to the bill (S.1926) that seeks to delay flood insurance premium increases called for under the Biggert-Waters Flood Insurance Reform Act of 2012.The Senate bill would halt premium...
Jan 27 2014 // Direct premium written (DPW) for property/casualty insurance companies continues to increase.At year-end 2012, more than $523 billion of DPW was reported, an all time high for the industry. For 2012, total DPW for all P/C...
Jan 27 2014 // The Massachusetts Division of Insurance is scheduled to hold a hearing on Jan. 30 to consider the request of the Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIB).WCRIB is requesting a...
Jan 27 2014 // East Baton Rouge Parish homeowners who buy coverage from Louisiana Citizens Property Insurance Corp. would see rates increase an average of 9.9 percent while wind-only policies would jump by 17.1 percent under a proposed...
Jan 21 2014 // East Baton Rouge Parish homeowners who buy coverage from Louisiana Citizens Property Insurance Corp. would see rates increase an average of 9.9 percent while wind-only policies would jump by 17.1 percent under a proposed...
Jan 9 2014 // Illinois drivers should get ready to pay more for insurance.Northbrook-based Allstate says in a regulatory filing that rates for customers will climb between 2.5 and 3.5 percent later this month. Esurance rates are rising...
Jan 9 2014 // The Massachusetts Division of Insurance announced Tuesday a hearing will be held on Jan. 30 to consider the request of the Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIB). WCRIB is a...
Jan 5 2014 // North Carolina Insurance Commissioner Wayne Goodwin has called upon insurers in his state to withdraw a request for a 25.3 percent rate hike for homeowners insurance, saying he is “appalled” they would seek a...
Jan 3 2014 // U.S. Senator Robert Menendez (D-N.J.) on Thursday joined residents and local officials in Brick, N.J., to call on Congress to pass the Homeowner’s Flood Insurance Affordability Act.The bipartisan, bicameral bill,...
Jan 3 2014 // Swiss Re Ltd., the world’s second – biggest reinsurer, fell the most in six months in Zurich trading after Willis Re said reinsurance prices slid by as much as 25 percent in the Jan. 1 renewals round.Swiss Re...
Jan 2 2014 // According to Willis Re’s January 2014 Reinsurance Renewals Report, “a heady cocktail of converging factors has fuelled a soft buyers’ market in nearly all lines of business at the 1 January 2014...
Dec 31 2013 // Louisiana Commissioner of Insurance Jim Donelon announced that rates for workers’ compensation insurance will decrease in Louisiana effective May 1, 2014.Commissioner Donelon recently approved a 5.1 percent decrease...
Dec 30 2013 // Guy Carpenter & Co. has reported that reinsurance rates-on-line fell at the January 1, 2014 renewal in nearly all classes and regions. The reinsurance broker’s global renewal report pointed to “strong...
Dec 23 2013 // According to the Q4 Issue of Airline Insight, from Willis Group Holdings, “unprecedented levels of competition, growth in exposures and low loss levels are driving premium reductions for insurance buyers during the...
Dec 18 2013 // AmTrust Financial Services Inc. hiked rates by 15 percent on its California workers’ compensation business in 2013, and it is not alone.SNL data shows multiple companies took rate during the first half of 2013. The...
Dec 16 2013 // Health care organizations paid significantly more for their directors and officers liability insurance in the third quarter of 2013 amid growing concerns over antitrust issues arising from implementation of the Affordable...
Dec 12 2013 // Price gains are slowing down after commercial insurance prices increased for the 11th straight quarter, rising by 5 percent in aggregate during third-quarter 2013, according to Towers Watson.The professional services...
Dec 10 2013 // Even though commercial insurance prices increased for the 11th straight quarter—rising by 5 percent in aggregate during third-quarter 2013—price gains are slowing down, according to Towers Watson.According to The...
Dec 6 2013 // Some property owners in Douglas County, Kansas, could soon pay more for federal insurance.The federal government’s decision to phase out subsidized insurance in special flood hazard areas will increase costs for 168...